Sony unveils Inzone PC gaming gear as it looks beyond the PS5

Sony’s new PC gear will help it expand its reach in gaming beyond PlayStation. Sony Sony is launching its own range of gaming-focused computer monitors and headsets, hoping to tap into the lucrative high-end PC gaming market as it looks beyond its main PlayStation console brand. Called Inzone, Sony’s PC gaming lineup features two monitors. … Read more

TikTok owner ByteDance sees $1 billion in player spend on its games

ByteDance has been investing in its mobile gaming business through key acquisitions and is finding success outside of China. Omar Marques | Sopa Images | Lightrocket | Getty Images Chinese internet giant ByteDance’s nascent foray into gaming is showing signs of promise with spending across its mobile titles growing over the past year as it … Read more

Immortal in China; shares fall

The NetEase Games booth at the China Joy conference in Shanghai on July 30, 2021. Arjun Kharpal | CNBC On China’s Twitter-like service Weibo, the official account of Diablo Immortal is banned from posting for “violating relevant laws and regulation.” It’s unclear which rules the account has broken. NetEase declined to comment further on the … Read more

Sony PlayStation 5 sales to total 18 million; announces share buyback

Sony plans to buy back 200 billion Japanese yen ($ 1.54 billion) of shares as the company announced its operating profit more than doubled thanks in large part to its PlayStation gaming division. The Japanese giant plans to carry out the share repurchase between May 11, 2022, and May 10, 2023, it said, as it … Read more

Nintendo plans 10-for-1 stock split; says Switch sales to fall 9%

Nintendo announced a 10-for-1 stock split on Tuesday as the Japanese gaming giant aims to make its shares more appealing to retail investors. Shareholders have been calling for a stock split for some time to boost the liquidity of the gaming giant’s shares. The move will take effect on Oct. 1 this year, when each … Read more

Tomb Raider publisher Square Enix to sell iconic video game franchise

Tomb Raider is one of the most well-known video game franchises of all time. Christian Petersen | Getty Images The iconic Tomb Raider video game franchise is being sold by its Japanese publisher Square Enix as part of a $ 300 million deal. Square Enix said Monday it will offload three of its game development … Read more

Sony and Lego family invest $2 billion in Fortnite creator Epic Games

The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $ 2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $ 1 billion into the company, … Read more

Chinese regulator approves new games after freeze; gaming stocks rise

China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved … Read more

Tencent shuts down rival to Amazon Twitch after China blocks key merger

Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty … Read more

Sony suspends all PlayStation sales in Russia over Ukraine war

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images Sony has stopped selling its PlayStation consoles and software in Russia, becoming the latest major brand to withdraw from the country over the Ukraine war. A representative for Sony’s video game unit said in a … Read more