Business News Elden Ring on top, Devolver is in turmoil…trade news of the week
Sales figures, studio acquisitions, financials, developer transfer window, investments… If these topics interest you, you’ve come to the right place. We bring you an update on last week’s business news.
- Elden Ring regains top spot in US sales
- Devolver: Worse-than-expected sales since January
- Focus Entertainment reveals results, 31 games planned by March 2025
- Sony’s Firesprite studio is growing
- Briefly in this week’s business news
Elden Ring regains top spot in US sales
“The market is in dire need of big new releases” : Here’s how Matt Piscatella From research firm NDP Group summarizing results for May 2022 in the United States. The numbers are bleak: Spending on games, consoles and accessories fell 19% to $3.7 billion in revenue. This is the lowest amount since February 2020 ($3.5 billion), and it is also the seventh consecutive month that spending has fallen.
Simple note: In the Top 50 Best Sellers of May, we found … just one novelty. This is Evil Dead The Game, installed in fourth place. Faced with a lack of competition, games like Call of Duty Modern Warfare (2019) and Skyrim are back in the top 20. At the top, it makes sense that it’s Elden Ring reclaiming his throne, pulling LEGO Star Wars The Skywalker Saga into second place. We can also highlight the impressive performance of Nintendo Switch Sports which, in its second month of marketing, climbed from fifth to third place. Nintendo games generally do well with eight actors, which is impressive given that eShop sales don’t count here, while Sony places MLB The Show 22, Horizon Forbidden West and Gran Turismo 7.
on the console side, The Switch was the best-selling console by volume and value for the month of May. During the current year, the Nintendo machine dominates the number of units sold, while the Xbox series made the most money.
Devolver: Worse-than-expected sales since January
After entering the London Stock Exchange last November, Devolver Digital now has to communicate regularly about its financial results. This week, the Texas-based publisher warned its investors about it Sales of its games released between January and May 2022 were lower than expected. According to the company, this is the result of a competitive market and Game-specific factors. Which she will consider for her next nicknames. “At the same time, there was an expected increase in amortization costs related to these games as well as increases in general operating expenses due to inflation, staffing and marketing.”it is also noted that communication.
during the relevant period, Shadow Warrior 3, Weird West, Trek to Yomi, and Serious Sam Siberian Mayhem They are the main games released by Devolver. We can note that the first three common items were incorporated into the subscription as soon as they were released: Game Pass for Trek to Yomi and Weird West, and PS Now for Shadow Warrrior 3.
Devolver expects to raise the bar in the second half of 2022. Publisher will bet on releases Return to Monkey Island, worship the lamb, rule the Three Kingdoms or even a wizard with a gun, But also in its huge catalog of already available games (90+ games) from which the majority of its income comes from. Over the whole of 2022, Devolver expects turnover of 125-135 million euros, which is a nice increase over 2021 (90 million euros), and EBIT between 25-30 million euros.
Focus Entertainment reveals results, 31 games planned by March 2025
Turn off focus for entertainment. After several years of growth, the French publisher and developer posted less sharply declining results for the fiscal year ending March 31, 2022, with revenue of €142 million (-17%) and net profit of €3 million (-78%). However, these numbers are considered “Slightly above expectations” according to communication Collection.
Several facts must be highlighted. First of all, 88% of Focus games sales were made via download. Three games for her “Contribute strongly to the volume of sales” : SnowRunner, Sandstorm Rebellion and A Plague Tale: Innocence. The “good performance” From Necromunda Hired Gun and Aliens Fireteam Elite.
Focus says it spent €35 million developing new games during the year, up from €39.5 million the previous year. The company also spent 59.1 million euros to acquire Dotemu, Leikir Studio, Streum On Studio and Douze Dixièmes. To replenish the treasuries, 68.8 million euros were raised in May 2021, in addition to 130 million euros in bank financing, of which 52 million euros were drawn down at the end of March 2022. As of March 31, Focus’ cash amounted to 62.6 million euros.
Finally, the balance sheet looks forward in an optimistic way. Focus announces that its lineup of games over the next three years is the most ambitious in its history, with no less than It is expected to release 31 games by March 2025. We can already consider Hardspace: Shipbreaker, which launched in version 1.0 on May 24, as a success with 500,000 copies sold. The company will also be able to count on Teenage Mutant Ninja Turtles: Shredder’s Revenge (released June 16), Evil West (September 20), A Plague Tale: Requiem (released on June 23) or even Aliens: Dark Lineage (2023). We also learn that a the new “Ambitious game” Developed by Deck13 (The Surge) and scheduled for release in early 2023.
Sony’s Firesprite studio is growing
Firesprite clearly has big ambitions. The studio, which was acquired by Sony last September, will move into new premises, which are still located in Liverpool, but are much larger at 4,645 sq m compared to only 215 sq m previously. The movement bears witness to the significant growth it has witnessed in recent years. Founded in 2012 by former members of Studio Liverpool (Wipeout), Firesprite now has more than 300 employees and continues to hire extensively, as evidenced by the lack of 50 job offers listed on his site. Prior to its acquisition, the studio was already a close partner of Sony. He particularly signed on to the FPS game The Persistence, which was first released on PS VR in 2018, and co-developed The Playroom and The Playroom VR.
Currently, the British team Co-developed for PSVR 2 Horizon: Call of the Mountain With Guerrilla Games while working on Three other AAA projects developed with Unreal Engine 5, as evidenced by the various job offers. It was noted as a dark and ambitious narrative adventure game, a multiplayer shooter based on a new license and oriented “game service”, and a multiplayer action game with vehicles. Regarding the latter, there is talk of a rumored reboot of the Twisted Metal franchise.
Briefly in this week’s business news
- After a month of early access on Steam, V Rising has surpassed the 2 million sales mark.
- Kojima Productions has confirmed that its collaboration with Xbox on a cloud-based game does not jeopardize its relationship with Sony. “Many people have asked about our collaboration with Sony. Please know we continue to have a very good partnership with PlayStation as well”can we read on studio twitter account.
- Nintendo Switch Sports leads physical sales in France for the sixth consecutive year. It is followed by Minecraft (Switch version), Mario Kart 8 Deluxe, Horizon Forbidden West (PS5 version), Kirby and the Forgotten World.
- More than 25 million units have been sold in Japan. It is the third best-selling game in the archipelago after the Game Boy (32.5 million) and the Nintendo DS (33 million).
- The games included in the Netflix catalog have been downloaded 13 million times cumulatively according to Sensor Tower. The streaming giant, which has more than 220 million subscribers worldwide, currently offers 24 games, compared to 5 when the service launched last November. Soon, Spiritfarer, Reigns: Three Kingdoms, Terra Nil, La Casa de Papel: Money Heist or The Queen’s Gambit Chess will land.
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