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100 Thieves to Launch Bank Heist for Fortnite
The Los Angeles-based esports organization 100 Thieves expanded its digital footprint in July 2023 by launching a custom game mode titled Bank Heist within the Fortnite ecosystem.
- 100 Thieves is launching a new competitive game mode called 'Bank Heist' for Fortnite on July 11, 2023.
- The 'Bank Heist' mode was built using Epic Games’ Unreal Editor for Fortnite (UEFN) and features original art, environments, and themes developed in-house.
- The project was developed with direct input from 100 Thieves creators, including Matthew 'Nadeshot' Haag, Rachell 'Valkyrae' Hofstetter, and Jack 'CouRage' Dunlop.
Exclusive: Belong Gaming Arenas Ceases U.S. Operations
Belong Gaming Arenas has officially suspended its operations within the United States, resulting in the layoff of a majority of its American workforce.
- Belong Gaming Arenas has officially suspended its U.S. operations and laid off the majority of its domestic staff.
- The company confirmed the shutdown on July 3, 2023, citing a thorough evaluation of its current business operations and strategic alternatives.
- Belong Gaming Arenas was excluded from the March 2023 acquisition of its parent company, Vindex, by the ESL FACEIT Group.
Reality, Upgraded: Navigating VR/AR Gaming with Alex Silkin | 323
The virtual and augmented reality landscape is currently undergoing a pivotal transition, shifting from a niche gaming segment toward a broader, more integrated computing platform.
- The VR/AR industry is transitioning from a niche gaming segment into a broader spatial computing platform, driven by competition between Meta’s standalone ecosystem, Sony’s high-fidelity hardware, and Apple’s Vision Pro.
- Corporate-led 'metaverse' strategies focused on productivity have largely failed to gain consumer traction, as users prioritize entertainment and social engagement over top-down virtual environments.
- Platforms like Roblox and Fortnite demonstrate that successful virtual interaction is built on gameplay-first design and organic, user-generated content rather than speculative corporate branding.
LVMH Partners With Epic Games to Create Digital Experiences
LVMH Moët Hennessy Louis Vuitton has entered into a strategic partnership with Epic Games to integrate advanced 3D technology into its luxury brand experiences.
- LVMH has entered a strategic partnership with Epic Games to utilize 3D creation tools, including Unreal Engine 5, Reality Capture, Twinmotion, and MetaHuman technology, for digital customer experiences.
- The collaboration aims to develop virtual fitting rooms, 360-degree product carousels, augmented reality, and digital twins for LVMH brands.
- Louis Vuitton debuted a 'Digital Show Experience' at the 2023 Viva Technology show in Paris, featuring an interactive recreation of its 2023 Fall-Winter Men’s fashion show.
Condensed Interim Consolidated Financial Statement: CD PROJEKT Group Q1 2023
The CD PROJEKT Group maintained a stable financial position during the first quarter of 2023, characterized by a net profit of 69.67 million PLN, which remained consistent with the performance recorded in the same period of the previous year.
- CD PROJEKT Group reported a Q1 2023 net profit of 69.67 million PLN, maintaining parity with the same period in 2022 despite a decline in total sales revenue to 174.76 million PLN.
- The company’s strong equity position of 2.11 billion PLN and total assets of 2.31 billion PLN are being driven by capital allocation toward future titles, the transition to Unreal Engine 5, and the adoption of the RED 2.0 production methodology.
- North America remains the company's dominant market, accounting for 66% of total sales revenue during the first quarter.
State of the African Games Industry: 2023 Survey
The 2023 State of the African Games Industry survey, conducted by Maliyo Games and presented at the Nordic Game conference, provides a snapshot of the current development landscape across the African continent.
- Unity is the dominant game engine in the African market, used by 64.1% of developers, followed by Unreal at 14.5% and Godot at 8.5%.
- Contrary to the perception that the African games industry is exclusively mobile-focused, 62% of developers build for multiple platforms, while only 23% develop exclusively for mobile and 10% for PC.
- The survey, conducted by Maliyo Games and presented at Nordic Game, gathered data from 118 respondents across the continent, including studios (35%), indies (35%), employees (12%), and hobbyists (18%).
Case Study: Creating Realistic Facial Motion for 'The Quarry'
The production of The Quarry represents a significant advancement in high-fidelity facial animation, demonstrating that cinematic-quality performance capture can be achieved at scale through machine learning and automated pipelines.
- Digital Domain processed 32 hours of facial performance capture for 15 characters in 'The Quarry,' resulting in 8,700 final shots from 4,500 initial takes.
- The pipeline achieved high automation, with only 26 out of 4,500 takes requiring manual intervention by animators.
- The team utilized 'Bullseye' software for markerless tracking, which uses a greedy-based algorithm to automatically produce 90% to 95% of tracking data per day.
Former OneFootball Marketing Exec Joins ESL FACEIT Group
The ESL FACEIT Group (EFG) has appointed Fabio Tambosi as its new senior vice president of marketing.
- Fabio Tambosi has been appointed as the new senior vice president of marketing at ESL FACEIT Group (EFG), where he will lead global marketing efforts as part of the commercial leadership team.
- Prior to joining EFG, Tambosi served as the senior VP of global marketing at the Berlin-based sports media company OneFootball for over one year.
- Tambosi brings over two decades of experience to EFG, having held previous marketing and PR roles at major global brands including Adidas, Nike, Nokia, and IBM since 2003.
Former Epic, Riot Exec Mike Seavers Joins Yuga Labs
Yuga Labs, a prominent Web3 and NFT company, has appointed Mike Seavers as its new chief technology officer, effective May 22, 2023.
- Mike Seavers, former EVP of Development at Epic Games and former CTO at Riot Games, has been appointed as the new Chief Technology Officer of Yuga Labs, effective May 22, 2023.
- Seavers replaces outgoing CTO Kerem Atalay, who will transition into a role as a strategic advisor for the company.
- Yuga Labs is a prominent web3 and NFT company known for properties including Bored Ape Yacht Club, Otherside, CryptoPunks, 10KTF, and Meebits.
War Robots Tops $750 Million in Lifetime Revenue
The mobile mech shooter War Robots has surpassed $750 million in lifetime revenue since its initial launch in April 2014.
- The mobile mech shooter War Robots has surpassed $750 million in lifetime revenue since its April 2014 launch.
- The game added over 30 million new players in the year leading up to April 2023, marking a 40% year-over-year growth rate.
- War Robots currently holds a total registered user base of over 200 million, including a core group of 6 million players active for at least two years.
CD PROJEKT Group Earnings Report 2022: Individual Investors Chat
The CD PROJEKT Group 2022 earnings report investor chat serves as a platform for leadership to address shareholder inquiries regarding the company’s financial health, project pipelines, and strategic direction.
- CD PROJEKT is transitioning to a multi-project development model using Unreal Engine 5, prioritizing long-term franchise growth while maintaining corporate independence.
- The Cyberpunk 2077 expansion, Phantom Liberty, is scheduled for a 2023 release on next-generation consoles and PC, supported by a dedicated team of over 330 staff.
- Project Polaris, the first title in the new Witcher saga, is currently in development with approximately 200 dedicated employees.
CD PROJEKT Group Management Board Report on Activities in 2022
CD PROJEKT Group’s 2022 activities centered on a strategic pivot toward long-term growth, characterized by the expansion of its core The Witcher and Cyberpunk franchises and a transition to a dual-franchise development model.
- CD PROJEKT transitioned to a dual-franchise development model, centering future production on The Witcher trilogy and Cyberpunk while initiating a third proprietary IP, Hadar.
- The company secured a 15-year licensing agreement to shift its future development pipeline to Epic Games' Unreal Engine 5.
- Net profit increased by 66.1% to PLN 347 million in 2022, supported by the recovery of the GOG.COM segment and sustained sales of core titles.