Gaming News - Page 2
Xbox gaming revenues drops by over $500 million as recession economics disrupt the video games market.
Gaming saw a big boom during the pandemic. The interactive entertainment industry hit record-breaking highs during COVID-19 lockdowns, but the market is now contracting under economic pressure. Consumers are spending less on games than they were a year ago and companies like Microsoft are feeling the changes.
That's why Xbox gaming revenues were down by some $684 million during the critical Holiday 2022 period. Microsoft reported its Q2 FY23 revenues and outlined the earnings drop to investors. Total Xbox earnings were $4.76 billion from October - December 2022, down 13% and "driven by declines in Xbox content services and hardware."
The next Far Cry game will be split between a campaign and multiplayer component, sources tell Insider Gaming.
Far Cry 7 may not be a single game. Ubisoft is reportedly working on two new Far Cry titles: The first is a more traditional story-driven singleplayer experience, and the second is said to be a multiplayer-only game that may or may not blend or connect to the campaign game.
The dual-game approach follows Ubisoft's current plans. The publisher is facing numerous roadblocks in its aim to offer a diversified selection of titles across both
Microsoft's latest performance metrics clearly illustrate that it has successfully expanded onto multiple platforms and devices.
Xbox isn't just a console any more. Microsoft's gaming brand is now an ecosystem of services and content delivered over all kinds of devices including consoles, Windows PCs, mobile phones, tablets, laptops, and games can even be delivered directly to smart TVs via the cloud. Microsoft has a vision to grow Xbox's reach to every digital platform to transform everyday consumers into gamers.
Microsoft's latest Q2 FY2023 report has confirmed this plan is working well. Very well, in fact. In the earnings call, Microsoft CEO Satya Nadella revealed an incredibly important bit of data to investors regarding the Xbox brand. The Xbox ecosystem now has 120 million monthly active users, which means this many people are engaged with the Xbox ecosystem across the myriad devices where it is available. Xbox is finally beating PlayStation MAUs...but there's some critical context needed with this info.
One of the most famous games to release on the Nintendo 64 is heading over to the Nintendo Switch and Xbox.
Rare has taken to its official YouTube channel to announce that GoldenEye 007 is coming to the Xbox Game pass on January 27. The Xbox version of the classic Nintendo 64 title is a HD remaster of the game that was originally released in 1997. The remastered version of GoldenEye 007 features support for 4K resolution, faster frame rates, and split-screen local multiplayer.
As for the Nintendo Switch version, which will also be released on January 27, Switch users will experience the original game with no improvements besides general game support. Notably, Nintendo is releasing GoldenEye 007 as part of its Nintendo Switch Online service, which comes with several Nintendo 64 titles. The inclusion of Nintendo 64 titles in Nintendo's online service began in 2021 and features several golden-age games such as Super Mario 64, Mario Kart 64, Yoshi's Story, and more.
It's the end of an era as Electronic Gaming Monthly shuts down for good.
Remember video game magazines? They've gone the way of the dinosaur thanks to the infinitely-cheaper delivery of news blogs and social media micro-blasts, but back in the day these mags were a primary way to get new info on games. Electronic Gaming Monthly was a godsend to nerds like me who grew up in the 90s.
Sadly, EGM has closed down. The news was confirmed by former EGM associate editor Michael Goroff on Twitter: "I received word on Monday that EGM NOW has shut down, which means I've been laid off. The last five years have been a rollercoaster ride of the highest and lowest moments of my career, but my editors Josh Harmon and Mollie Patterson were constant professionals through it all."
Redfall's official Xbox store page confirms the game will feature in-app purchases, possibly hinting at a microtransaction store page.
Redfall might have some sort of monetization after all. The Xbox store page specifically confirms as much, but we don't know the exact scope of what's included. Redfall presumably lets gamers upgrade to the Bite Back version of the game that includes a Hero Pass with two extra heroes that will be added over time. This upgrade and/or the Hero Pass itself would technically count as an in-app purchase.
From what we've seen before, it could also mean the game has microtransactions of some sort. Months ago someone leaked a Redfall screenshot that showed an Item Shop in the menu screen. Modern gamers know what this means--you'll be able to spend real money to acquire some sort of digital good, whether it be actual pay-to-win gear or something smaller like crafting materials or an XP boost.
With current economic market conditions squeezing consumer wallets, now is not a great time to make unsafe bets in the gaming world...and there's nothing riskier than a live game.
Live service games are the riskiest video games to make. They're also the most lucrative. As the world navigates an extremely volatile economy with constant shifts in exchange rates, rising costs across the board, and job insecurity, modern consumers are adjusting to the "new normal." This typically means consumers are spending less of their disposable time and money on leisure activities like video games.
Gaming and tech in general saw a record boom during COVID-19 lockdowns, leading to mass expansion in many tech firms. Rising costs have forced companies like Amazon, Google, Microsoft, Facebook, and Twitter to lay off tens of thousands of workers combined. This displacement of workers has also affected gaming, with layoffs happening at Xbox.
U.S. Republicans say that Xbox is "going woke," but the console is just making it easier for consumers to save money.
Gaming is often used as a crude blunt instrument in political battles. We've seen legislators try to blame real-world violence on video games for decades now despite the fact that only recently gun violence has reached an all-time historical peak in the United States. Manufactured controversies are nothing new for politics, and now Republicans are trying to pull Xbox video games consoles into a war of woke-ism.
In what I can only assume is an absurd quest for ratings and constant pressure to drum up drama, U.S. Republicans and Fox News are stretching the limits of willful ignorance to peddle new ridiculous claims. It all has to do with Xbox's new power-saving mode.
Arkane's latest game Redfall is like if Stephen King worked on a Destiny game...and that makes it extremely compelling.
Arkane is known for creating amazing worlds. Prey 2017 was one of the best games I've ever played because of the Talos-I ship, which was basically a world in itself. The studio's next game, Redfall, continues this tradition and really tests the style and skill of Arkane's teams.
Today's Xbox stream delivered some dazzling visuals of Redfall, showing a haunted coastal town with promising eldritch adventuring and compelling environmental storytelling. The island town is full of cultists and ghastly ghouls set in an atmosphere that looks and feels like something Stephen King would think up.
Blizzard is bringing eight new runewords to Diablo 2, but most of them may not actually be used all that much.
Diablo 2 Resurrected is getting another batch of new runewords aimed at melee builds and utilizing unpopular runes. The result is an interesting and eclectic mix of abilities, however the runewords could have a hard time gaining traction.
The most noteworthy runewords are Hustle (Shael+Ko+Eld), which adds 50% faster run walk for armors and a 5% chance to cast a level 9 Burst of Speed ability when socketed into weapons. The lack of any other useful stats makes this armor an extremely niche item, and the lower enhanced damage effectively removes any real utility for Hustle as a weapon.