business news Ubisoft, Capcom, Xbox Game Pass … The economic news of the week
Sales figures, study acquisitions, financial statements, developer transfer window, investments … if these topics interest you, you are in the right place. We offer you an update on last week’s economic news.
- Odyssey Interactive: Riot Games alumni studio raises nearly $ 20 million
- Capcom: numbers down, but a radiant Monster Hunter Rise
- Xbox Game Pass missed its fiscal year 2022 goals
- Ubisoft looks for itself, the results plummet in the first half
- Briefly in the news of the week
- Our other economic news of the week
Odyssey Interactive: Riot Games alumni studio raises nearly $ 20 million
Odyssey Interactive studio was launched on September 17 Omega strikers in open beta. It concerns a free 3-on-3 gamewhich incorporates the strategic and team play aspect League of Legendsthe immediate management of Missile League and what makes games power like Windjammer 2. The Omega Strikers reviews on Steam are excellentwith nearly 8,000 reviews giving a very positive overall rating.
Behind Odyssey Interactive, we find Respawn alumni (Apex Legends, Star Wars Jedi: Fallen Order) but also and above all by former developers of Riot GamesDax Andrus, David Capurro, Eric Lawless and Richard Henkel, who worked on it League of Legends And Team Combat Tactics. Expected on mobile and console devices in February 2023, Omega Strikers will be able to do this rely on a more solid structure, able to follow. After a Series A funding round, which corresponds to an optimization of the business plan. Led by Makers Fund, Anthos Capital, Andreesen Horowitz and Mitch Lasky, this new fundraiser has enabled Odyssey Interactive to bring $ 19 million in cash :
Our goal as a development team has always been to inspire and ignite the competitive spirit of players and we believe we can achieve that ambitious milestone by incorporating their feedback from the beta and doubling down during launch, said Dax Andus.
Like others, Capcom has just published the results for the first half of fiscal 2023. A period that corresponds mainly to the launch of Sunrisethe extension of rise of the monster hunter. With no other big releases, Capcom is recording turnover down by 30%. compared to last year ea profit down 27%. We therefore have a turnover of 333.7 million euros ea net profit of 109.4 million euros. It should be added, however, that this relatively “poor” semester is opposite to the first semester of 2021, during which Resident Evil Village was released.
However, game sales are on the rise, which is a great sign for the publisher that he can count on long-term sales of his licenses. Between April 1 and September 30, 2022, Capcom distributed 21.3 million games, against 19.8 million in 2021. So good students are Devil May Cry 5 and its 6 million copies sent around the world, Monster Hunter World which has passed the 18 million mark, Resident Evil 2 and its 10 million copies, but also Monster Hunter Rise that we find twice. The base game expired at 11 million copies on Switch and PC, while Sunrise sold 4.4 million units.
Results that encourage Capcom to revise its objectives for the second half, during which we will find the Gold edition of Resident Evil Village which includes the DLC about Rose Winters or even the remake of Resident Evil 4, expected for March 24, 2023. However, the unknown remains street fighter 6, which the beta seems to have convinced. Capcom hasn’t given a precise release date yet, so we can’t anticipate its presence in the next review. Anyway, the Japanese publisher expects an annual turnover of 848 million euros and a net profit of 247.6 million euros.
Xbox Game Pass missed its fiscal year 2022 goals
This week, Microsoft released its financial results for fiscal first quarter of 2023. So the gaming division got its section, where we learned that Microsoft has made a video game revenue of $ 3.61 billion, the highest in the brand’s history for a first quarter. Plus, it’s also a great quarter for Game Pass PC, up 159% despite the lack of great exclusives. In other words, the catalog and third-party additions continue to attract more people. The Game Pass as a whole is now profitable. With over 25 million subscribers according to the latest data, the service reaches “between 10 and 15%” of the turnover from Microsoft Gaming.
Growth is slowing on consoles, however, and Xbox honcho Phil Spencer says the percentage should remain the same. Either way, revenues continue to grow and finally a first price increase is looming, maybe after the end of the year holidays. However, we know this from Derek Strickland the Xbox Game Pass has missed its objectives in the period from July 2021 to June 2022. This was already the case in the previous year, as growth had remained stagnant at 37% against a target of 47%. In the past year, the gap has been even greater since then growth was 28.07% with a very (too?) ambitious target of 72.88%.
It is important to note, however, that Game Pass progress is the only element linked to Gaming that is part of the objectives set for Satya Nadella, CEO of Microsoft. In other words, part of its bonuses are tied to the Game Pass. No need to worry about the big boss, who, as Gamekult points out, has garnered none other than $ 55 million in cash and stock at the end of the previous fiscal year ended June 30.
Ubisoft looks for itself, the results plummet in the first half
The French publisher, like others, presented the financial results of the first half ended September 30, 2022. The comparison with the same period last year is striking, as there is a decrease in turnover of 20.1 million euros with 731 , 2 million in 2022 compared to 751.3 in 2021. Operating profit went from 25.9 million euros to -215.3 million euro, while the losses are 190.2 million for the net profit.
In these results we find the cancellations of Ghost Recon at the forefront, Splinter Cell VR and two other unannounced games, the sacrifice of which will serve a focus development efforts on the most promising games. Less games, but a more diversified offer, which will be accompanied by a “simplification” of the organization and measures aimed at stabilize the workforce. The lighthouse is obviously called Assassin’s Creed, the future of which seems to be entirely mapped out Assassin’s Creed Miragebut also the projects Red, Jade, a visibly multiplayer (Invictus), all connected via the Infinity portal.
Our goal is to take the brand to new heights by reaching a much wider audience with multiple platforms and business models. We are applying this strategic approach to our other major brands, starting with Rainbow Six and The Division in the near future, Ubisoft said.
However, Ubisoft can be satisfied 20 million players who launched Assassin’s Creed Valhallathe excellent critical reception of Mario + Rabbids Sparks of hopeAnd 85 million players with an active account turned on Tom Clancy’s Rainbow Six Siege. It remains only to see how it behaves Skull and bones (development of which is complete), when it will be released on March 9th. On the other hand, Avatar: Borders of Pandora it will only be considered in the next financial year, and will therefore not be able to exploit the momentum given by Avatar 2: The Waterway (December 14) to enhance its launch. Finally, Ubisoft’s great ambitions in the mobile sector should be noted, with a Rainbow Six Mobile whose beta has collected more than 250,000 players.
Briefly in the news of the week
- FIFA 23 dominates sales in France (value and physical) in week 41. PS4, PS5 and Switch versions occupy the podium, followed by Splatoon 3 and, you already know … Mario Kart 8 Deluxe.
- 4J Studios, the name behind which we find the console ports of Minecraft, launched an editorial label. The first published game will be called tales of the skydeveloped in Scotland by Puny Astronaut.
- Alan Wake remastered And CrossfireX nothing led to Remedy, which recorded a turnover of 30 million euros, an operating profit of -3 million and a net result of -3.2 million.
- Sefton Hill and Jamie Walker, co-founders of Rocksteady, they announced their departure. They leave the keys to Nathan Burlow and Darius Sadeghian, who will help the teams complete a Suicide Squad: Kill the Justice League almost finished.
- Sega has opened a branch in Singapore to expand into Southeast Asia.