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Nintendo Profit Plunges 46 Percent Despite Higher Switch Sales

Hollywood Reporter reports: "Nintendo on Tuesday posted a quarterly profit drop of 46 percent to $152 million (¥16.6 billion) despite a 2.4 percent revenue...

Khronos Releases OpenXR 1.0 for AR/VR, Backed by Epic, Microsoft, and...

VentureBeat reports: "Four months after the Khronos Group debuted a provisional OpenXR specification for AR and VR platforms, seeking industry input, it’s kicking off...

Microsoft: Cloud Partnership “All Driven by Sony”

gamesindustry.biz reports: "The cloud partnership between Microsoft and Sony was "all driven by Sony," according to Microsoft CEO Satya Nadella. Speaking to Fortune, Nadella...

ThisWeek In XR: Are Growth Predictions Coming True?

Forbes reports: "If the number of announcements and the upcoming annual computer graphics conference, Siggraph, are any indication, XR remains hotter than summer, with...

Strafe Raises $3 Million for Esports Companion App and Social Betting...

VentureBeat reports: "The esports company Strafe has raised $3 million for its esports companion app and betting game. The seed funding comes from Bitkraft Esports Ventures, which...

VR Streaming Platform LIV Raises $1m Seed Funding

gamesindustry.biz reports: "LIV, the company revolutionizing the way players and spectators watch and interact with live streamed VR games has announced a million dollar...

Tencent Leads ‘Substantial’ Funding Round For Retro Games Streaming Platform Antstream

gamesindustry.biz reports: "Antstream Arcade has completed a Series A funding round, securing the support of Tencent in the process. The amount raised has been...

Nintendo Faces Class Action Lawsuit Over Joy-Con Drifting Defect

gamesindustry.biz reports: "A class action lawsuit is being prepared against Nintendo of America as complaints spread of a defect with the Switch's Joy-Con controllers....

Indies On Steam Are Betting On Discoverability

gamesindustry.biz reports: "It's been a rough year for indies on Steam. To be fair, many of the 12 indie developers I've spoken to over...

Disney and Glu Aim To Target Nostalgia Without Exploiting It

gamesindustry.biz reports: "Disney's video games strategy (or perceived lack of one) has been a hot topic of discussion in recent weeks. It kicked off...