120°

Saudi Arabia has acquired a $1 Billion stake in Embracer Group

From VGC: "Saudi Arabia has purchased a $1 billion stake in Embracer Group, acquiring 8.1% of the company’s shares.

Following the deal’s completion, the country’s Public Investment Fund (PIF) – through its subsidiary, Savvy Gaming Group – will be the second-largest owner of Embracer Group shares.

PIF is a sovereign wealth fund chaired by crown prince Mohammed bin Salman, and is is reportedly central to his goal of making the Saudi economy less reliant on proceeds from oil."

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videogameschronicle.com
darthv72720d ago (Edited 720d ago )

Was this the same Saudi that recently bought into SNK as well?

edit: yep https://www.theverge.com/20...

Guy must really be into gaming.

Redgehammer720d ago

I didn’t think such a religiously stringent country would get involved in video games, or western ones at least.

ApocalypseShadow720d ago

Which is pretty interesting. But when it comes to money, it seems to make some people forget the values they profess to have. Nudity, or less coverings, violence and death, drugs, bad language, no religious overtones, pursuit of wealth in a games, etc?

"Who cares. How was our quarterly profits?"

Or, maybe there's leadership that's relaxing on those things as it's virtual and not real. Possibility an outlet that can be safely played out as long as it's not brought out in the real world.... Uhh... Yeah right. Who am I kidding. It's about money.

But it does look like lots of money will be infused into gaming one way or the other. Hopefully not laundering. And, getting away from full reliance on oil isn't a bad thing if that's what they're interested in doing.

shadowfax33719d ago

the country is not (religiously stringent) as it used to be since MBS the new ruler took over.

270°

[Exclusive] Xbox Reaches Agreement With Batman: Arkham Trilogy Creators For A New AAA Game

Ex-Rocksteady directors' Hundred Star is collaborating with Xbox Game Studios Publishing for its first-ever AAA game.

Lightning778h ago(Edited 7h ago)

Highly doubt it'll be an actual Batman game that IP belongs to WB Games along with other DC property.

They're making an action adventure game. IMO I think it needs to be another Marvel game despite MS already have Blade as that action Marvel game. Dead Pool? Punisher?

Realistically it'll probably be a new IP entirely.

The_Hooligan6h ago

I agree with you. I think I'll be a brand new IP. Now it could be a superhero themed, kind of like infamous. Speaking of which, Suckerpunch needs to make one after Ghost 2.

neutralgamer19926h ago

would love a infamous collection for ps5/pc

Lightning775h ago

I definitely think it'll be super hero themed game 100%. Something MS needs in their portfolio.

ThinkThink3h ago

Please, no more super hero games.

PhillyDonJawn3h ago(Edited 3h ago)

Dead Pool or Punisher would be amazing!!!
Don't tease me like that man lol. I see them making a new IP that's like an arkham knight clone

MIDGETonSTILTS176h ago(Edited 6h ago)

I hope these devs needed support to start/finish (like Stalker 2), vs are basically done with the game but wanted to secure an exclusivity-bonus because they know Xbox needs a system seller (like Titanfall).

It’s a bit strange that they’d rather invest in this game than Tangoworks’ TWO canceled projects; or just trust a single dev from their existing massive stable of talent to emerge with a system-seller themselves anytime soon.

Either way, it is just cool that we’ll likely get a new IP from the geniuses behind the Arkham Trilogy. I wonder how creative they’ll get now that they aren’t married to an established franchise.

darthv726h ago

This is about the former co-founders of Rocksteady and their new studio. So naturally it makes people think its Batman related with the way its worded, even though its not.

-Foxtrot6h ago

Exclusive? Sure

This year alone Microsoft has changed their plans so much with Xbox regarding multiplatform releases as they step closer to just being a full blown third party publisher and it's only been 4-5 months, imagine where we'll be once this game is finished. It will be a completely different landscape.

ThinkThink3h ago

I don't think MS will ever go completely full 3rd party with all of their games. I can see them looking towards expanding their own mobile store and moving into Mac as ways of expanding. I'm sure ms will bring more exclusives over to ps and nintendo, but I don't think it'll be as many games as you think it will. I hope I'm wrong.

Lightning773h ago

The ever contradictions thoughts and actions of MS definitely says otherwise MS changed up so much on the past 6 months of the year I lost count.

Though I'm more declined to believe they also won't go full 3rd party also.

But.

This year they're having Renaissance a super bowl of gaming with Gamepass this year. BO6, older ABK games, Avowed, Indy and other 3rd party exclusives all to grow and expand gamepass. If these games don't grow the service or grow only a little bit. Then you can fully expect MS to hit the red button and put everything everywhere. Satya will have full Xbox take over doing what he wants from that point on next year.

It's up to Xbox to advertise these games and gamepass in the next 6 months or so get the word out.

Profchaos2h ago

The more the news evolves the more I'm inclined to believe we will see MS embrace full third party status but not call it third party in their word soup ways.

It will be Xbox everywhere plays best on a Xbox.

Next gen Xbox is rumoured to be a reference design similar to the 3d0 where any company can make and sell it.

If you're offloading hardware costs to a third party yet still profiting from the games then you've cut out losses on the hardware you still have a store front that users can use and still make a 30 percent cut on that.

Your games sell for a profit on PS and Nintendo platforms and on Xbox reference hardware along with PC

You lose .kney on DLC and games sold on a competitor storefront they are seemingly already comfortable with this.

The ms bean counters are coming for the ROI that was promised they don't care if they kill the brand as it stands Xbox was never a profitable business it was always just done for reputation

PhillyDonJawn2h ago

@Lightning the would end the console then. No one would buy Xbox over PS at that point cause now you get both with just a PS. If GP flop for them, Logically, rolling back on GP would be the smarter than to do. No more day 1 title. Less quality titles. They'd lose subs but people would go back to buying the games.

Lightning7754m ago

@Philly They could scale back gamepass put Indies only, AAA 1st party games coming 4 to 6 months from release. The thing is MS will have to tell their fans to buy their games again and that's gonna take years and years to condition them to buy games again. MS will lose money from that also. They'll lose out on gamepass revenue, lose out on games sales because their fans don't buy as many games anymore.

I can't see them scaling back or axing gamepass it does make them allot of money, they just want more money from it. They're not gonna condition their fans to start buying games either.

As I said they'll go full 3rd party and yes you ate right, if they do that then there would be no reason to buy the next Xbox. I know j won't be, you better hope the next 6 months they advertise the games and GP there little hearts out because this could be it.

+ Show (1) more replyLast reply 54m ago
purple1014h ago

Spawn (as well as master chief) are the only characters I associate with Xbox. Are there more I can’t remember?

rlow14h ago

Gears is another big game one.

purple1014h ago

Yeh big game, do you know the name of the lead character. Or team of lead characters. I don’t

rlow14h ago

Marcus, Dom, Cole Train. And I can’t remember the fourth.

Profchaos2h ago(Edited 2h ago)

Also the chick from gears 5 seems to pop up on all their modern advertising I can't remember her name either.

Cars also feature heavily in a Xbox ad it's always master chief front and centre with cars and maybe a gears character hanging around

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200°

Resident Evil Zero and Code Veronica Remakes are reportedly in the works, not Resident Evil 1

Industry insider Dusk Golem reveals that there is no Resident Evil 1 Remake in the works. Instead, Capcom are reportedly in active development of Resident Evil Zero and Code Veronica.

-Foxtrot1d 13h ago

RE Zero would be better to do first over RE1 because they can tie the story into RE1 more.

The original RE Remake was weird because Rebecca never mentioned anything about what happened in Zero and it felt so disjointed because Zero was developed during the Remake and they clearly didn't share any notes with one another.

Cacabunga12h ago

Wise decision. 2 of my favorites!

repsahj46m ago

RE Zero is one of my favorite game on gamecube!

Knightofelemia1d 11h ago

Give me Dino Crisis dammit Capcom

TGG_overlord17h ago

And all it took was +24 years + a phone call from me lol.

GotGame8189h ago

LOL! A phone call from you? ROFL! They have been remaking RE games for YEARS! It was a matter of time!

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60°

Pokemon fans stunned by official shiny hunting guide for Scarlet and Violet

The Pokemon Company has dropped the first-ever official Shiny hunting guide for Pokemon Scarlet and Violet, leaving fans in awe.

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mynintendonews.com