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The Titanic's family has filed a $50 million lawsuit

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The family of French deep-sea explorer Paul-Henri Nargeolet has filed a $50 million wrongful-death lawsuit against OceanGate, the privately held company that operated the Titan submarine that sank during an expedition to visit the wreck of the Titanic in June 2023. Nicknamed “Mr. Titanic,” Nargeolet, 77, was one of five people who died aboard the … Read more

Hybe Interactive Media raises $80 million for publishing operations

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Hybe Interactive Media has received an $80 million strategic investment to expand its game publishing activities. Hybe is the South Korean entertainment giant behind the wildly popular boy group BTS and operates several music labels in different markets. Hybe IM, the company's video game branch, was founded in April 2022. The $80 million round was … Read more

Social First secures $4.2 million in funding

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Social First has raised $4.2 million in seed funding. The Finnish studio, led by Crowberry Capital, also received funding from Business Finland and an increased stake from original investor Play Ventures. The money raised will support the development of her upcoming untitled game, a cross-platform social MMO that is due for an early access release … Read more

MixRift raises $1.6 million for mixed reality games

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MixRift has raised $1.6 million in a pre-funding round. Outsized Ventures and Underline Ventures co-led the round with additional contributions from SOSV and angel investors. The startup intends to use the funding to further develop and release mixed reality titles. MixRift was co-founded by CEO Bobby Voicu (formerly CEO of social game studio MavenHut), CPO … Read more

Square Enix's Q1 profits rise 68% to $72 million despite falling sales

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Square Enix released its financial earnings for the three months ending June 30, 2024, and reported a significant decline in net sales compared to the previous fiscal quarter. The publisher attributed the decline in its Digital Entertainment revenue – which includes its video game business – to a drop in sales of new titles in … Read more

Sega's total sales of $102.5 million help offset the overall decline

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Sega has released its financial results for the three months ending June 30, 2024, showing an overall decline in net sales but a solid performance from its video game business. The publisher earned 15.1 billion yen ($102.5 million) from sales of the entire game, up nearly 40% compared to the same period last year. The … Read more