Tag: financial news
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Remedy Recovers Majority of Alan Wake 2’s Development Costs
Renowned video game developer, Remedy, seems to have another notable victory under its belt with the continued success of its latest project, Alan Wake 2. Recent reports confirm that by the end of September, the company had recouped the considerable bulk of the development and marketing expenses for the game. This feat hardly comes as…
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GameStop Stock Skyrockets Following the Comeback of Roaring Kitty
Keith Gill, known online as Roaring Kitty, has thrust himself back into the spotlight, stirring up the GameStop stock market once again. Following a meme posted to Twitter, where he insinuated a serious return to the game, there was a flurry of activity on the stock market. His cryptic post and follow-up “hype videos” from…
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Square Enix Set to Report Exceptional Loss of 22.1 Billion Yen Due to “Content Abandonment Losses” After Changing Development Methods
Square Enix, a prominent video game company, has announced its anticipation of formidable losses of 22.1 billion yen for the fiscal year ending March 2024. This is due to the company’s strategic decision to adjust its developmental approach towards high-definition games, with an objective of being more discerning and concentrated in allocating developmental inputs. The…