Gaming News - Page 1

All the latest gaming news, with everything related to PlayStation releases (PS4 & PS5), Xbox, PC Games, Nintendo Switch & plenty more.

Epic Games funded Alan Wake remaster at a loss

Derek Strickland | Sun, May 22 2022 4:38 PM CDT

The new Alan Wake remastered re-release has yet to break even or make a profit, Remedy Entertainment has announced.

Epic Games funded Alan Wake remaster at a loss 212 | TweakTown.com

Epic Games has lost money from its investment into new Alan Wake remastered. According to Remedy's latest earnings report, Epic's undisclosed funding of the Alan Wake remaster has been a loss.

"We had no royalty revenue from Alan Wake Remastered during the first quarter as Epic Games Publishing has yet to recoup its development and marketing expenses for the game," Remedy CEO Tero Virtala said in an earnings blog post.

Continue reading: Epic Games funded Alan Wake remaster at a loss (full post)

Take-Two's $12.7 billion merger with Zynga expected to close tomorrow

Derek Strickland | Sun, May 22 2022 2:21 PM CDT

Shareholders at Take-Two Interactive and Zynga have approved all proposals and conditions of the $12.7 billion mega-merger, and the deal is expected to close tomorrow, May 23, 2022.

Take-Two's $12.7 billion merger with Zynga expected to close tomorrow 2 | TweakTown.com

Tomorrow Take-Two Interactive will grow more than it ever has before. The company will merge with mobile F2P titan Zynga in gaming's second-largest acquisition in history. The $12.7 billion deal will further open up Take-Two's traditionally console-focused business into the billion-dollar powerhouse market of mobile gaming while creating cross run-rate synergies of hundreds of millions, saving both companies considerable spending each year.

Zynga is also expected to help bring more of Take-Two Interactive's franchises to other platforms, possibly including full mobile or free-to-play ports or standalone titles. Zynga's expertise with cross-play may also open up new doors for games like GTA Online, which could benefit tremendously from cross-platform play.

Continue reading: Take-Two's $12.7 billion merger with Zynga expected to close tomorrow (full post)

Fortnite to get full Unreal Engine modding tools in 2022

Derek Strickland | Sun, May 22 2022 1:31 PM CDT

Fortnite users will soon be able to create the same caliber of content that Epic Games offers.

Fortnite to get full Unreal Engine modding tools in 2022 3332 | TweakTown.com

Epic plans to release the Fortnite Unreal Editor sometime in 2022. This new toolset will allow gamers to create and release the same kind of in-game content that Epic offers.

"Later this year, we're going to release the Unreal Editor for Fortnite--the full capabilities that you've seen opened up--so that anybody can build very high-quality game content and code and deploy it into Fortnite without having to do a deal with us. It's open to everybody," Tim Sweeney said in a recent interview with Fast Company.

Continue reading: Fortnite to get full Unreal Engine modding tools in 2022 (full post)

Nintendo forecasts earnings drop as it gears up for new Switch model

Derek Strickland | Sun, May 22 2022 12:28 AM CDT

Nintendo's billion-dollar growth will be hindered by the ongoing supply chain crisis as forecasts show a second straight year of earnings declines.

Nintendo forecasts earnings drop as it gears up for new Switch model 4 | TweakTown.com

Nintendo expects earnings and sales drops in Fiscal Year 2023 due to semiconductor shortages and lower game sales, but Research & Development spending is at 102 billion yen (nearly $800 million), the highest R&D spending since 2002. This indicates that Nintendo is funding the development of the next-gen Switch model alongside new games.

It's also likely that Nintendo is elongating production of its new Switch model to weather the earnings drop impact and preparing for a big upward spring when the system launches. The 4K-ready Switch could be delayed past its expected FY24 release timeline and push the Switch into a sixth year.

Continue reading: Nintendo forecasts earnings drop as it gears up for new Switch model (full post)

Nintendo FY22 hits $14.7 billion net sales, third highest of all time

Derek Strickland | Sat, May 21 2022 11:30 PM CDT

Nintendo's Fiscal Year 2022 results are in, and despite a post-pandemic dip the numbers are quite good.

Nintendo FY22 hits $14.7 billion net sales, third highest of all time 1 | TweakTown.com

Nintendo's FY22 period delivered strong results while facing an ongoing hardware shortage. The video game giant didn't achieve Fiscal Year 2021's all-time record highs in FY22, but it did beat all other non-historic fiscal year periods since the NES days back in 1983.

According to data provided by Nintendo and compiled and converted by us, the company delivered the following revenue KPIs in Fiscal 22:

Continue reading: Nintendo FY22 hits $14.7 billion net sales, third highest of all time (full post)

Nintendo has released over 11,000 video games in the last 39 years

Derek Strickland | Sat, May 21 2022 9:11 PM CDT

Over 11,000 physical video games have been released for Nintendo platforms across the last 39 years.

Nintendo has released over 11,000 video games in the last 39 years 225 | TweakTown.com

Nintendo has updated its historical game sales figures and the results are pretty interesting. According to the data, there have been 11,235 packaged video games released for Nintendo handhelds and consoles from the NES to the Switch. These numbers include games released across all worldwide regions, but do not include digital versions of games (the Switch eShop, for example, lists over 4,000 titles).

Below we have a breakdown of the titles released versus software sales. The DS reigns supreme in both metrics with over 2,100 games released and 948.76 million games sold. The Switch is in second place with 1,417 titles released in its five-year lifespan, but in third place in sales with 822.18 million software sales as of FY22.

Continue reading: Nintendo has released over 11,000 video games in the last 39 years (full post)

Nintendo sees post-pandemic software surge as Switch supply squeezed

Derek Strickland | Sat, May 21 2022 2:54 PM CDT

Nintendo's video game sales hit an all-time yearly high as Switch console shipments drop.

Nintendo sees post-pandemic software surge as Switch supply squeezed 11 | TweakTown.com

Nintendo's Fiscal Year 2022 period delivered a surprise software surge that pushed yearly game sales to a new record high. According to data provided by Nintendo and compiled by us, the company sold 235.07 million games throughout the FY22 period, making it the top year for game purchases.

These results are on the heels of FY21's breakthrough performance of $16 billion in net sales, with a heavy emphasis on hardware and software sales. FY22 benefitted from more software, but flagged behind in hardware revenues.

Continue reading: Nintendo sees post-pandemic software surge as Switch supply squeezed (full post)

Switch will beat Wii, DS lifetime game sales by 2023

Derek Strickland | Sat, May 21 2022 1:33 AM CDT

The Switch will become Nintendo's #1 software sales platform by 2023, company data suggests.

Switch will beat Wii, DS lifetime game sales by 2023 1 | TweakTown.com

According to data provided by Nintendo and compiled by us, the Switch family of consoles will soon become the company's top platform in game sales and beat out all other previous handhelds and consoles.

Data trends show that the Switch should beat game sales of the Wii (920.81 million) and the DS (948.76 million) by the end of Fiscal Year 2023 (March 31, 2023). The Switch has currently sold 822.18 million games across its five-year lifespan, and software sales trends show the platform has sold an average of 211 million games over the past three years,

Continue reading: Switch will beat Wii, DS lifetime game sales by 2023 (full post)

From NES to Switch, Nintendo has now sold 5.4 billion video games

Derek Strickland | Sat, May 21 2022 12:02 AM CDT

From the early days of the NES to the modern Switch, Nintendo has sold billions of games across its mighty lineage of hardware.

From NES to Switch, Nintendo has now sold 5.4 billion video games 42223 | TweakTown.com

Nintendo has sold nearly 5.4 billion video games across all of its handheld and console platforms, new data reveals. According to our calculations, the Nintendo Switch is currently the #3 platform in software sales with 822.18 million units sold to date. The Wii is in second place with a mighty 920.81 million, and the DS conquers with 948.76 million.

These numbers actually put Nintendo in second place. Although Nintendo has been on the market for many years before Sony, the PlayStation platform has sold an estimated 5.71 billion games. Sony has a 300 million+ lead over Nintendo.

Continue reading: From NES to Switch, Nintendo has now sold 5.4 billion video games (full post)

Switch helped Nintendo sell over 822 million games so far

Derek Strickland | Fri, May 20 2022 9:27 PM CDT

Nintendo has sold over 822 million games since the Switch launched in 2017, and the majority of those were from the handheld-console hybrid.

Switch helped Nintendo sell over 822 million games so far 24 | TweakTown.com

In just 5 years' time, the Switch has revolutionized Nintendo's business. The company was teetering on the brink of ruin following the Wii U's massive flop, but the Switch sparked incredible year-over-year growth and eventually led to the highest operating profits and ordinary profits in Nintendo history.

A significant portion of this turnaround success is owed to the Nintendo Switch's vast library of games. First-party game sales and revenues reign over third-party--Nintendo is the only platform-holder to make more from first-party than third-party--and software has steadily grown year-over-year thanks to the Switch's strong lineup and growing eShop presence.

Continue reading: Switch helped Nintendo sell over 822 million games so far (full post)

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