Game industry business news

$6.3m investment brings Funcom ‘back on track’

Troubled MMO developer Funcom has been bailed out of negative equity by an injection of investment money. The LEGO Minifigures Online, Age of Conan and The Secret World creator had previously been sat at –$10m, which has now been reversed to +$4m thanks to $6.3m in private placement investment. The …

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Front Defense is HTC’s first internally developed game

VR platform holder HTC is making its debut as a games developer with new VR title Front Defence. The title will be shown off at Taiwan’s Computex trade show next week, VentureBeat reports. The title is a tower defence game with players holding out against increasingly difficult waves of enemies. …

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Dead Island Definitive Edition PS4 includes only one game on the disc

Only one of the two games included in the PS4 version of Dead Island Definitive Edition will actually come on the retail disc. Deep Silver has confirmed that the PS4 SKU includes a Dead Island disc in the box alongside a code to download its sequel Dead Island: Riptide. This …

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Overall toys-to-life sales down 12% so far in 2016

More people may own toys-to-life games than ever, but players are spending less on them. That’s according to GfK Entertainment. MCV last week revealed that over 620,000 UK consumers own either a copy of Skylanders Superchargers, LEGO Dimensions or Disney Infinity 3, making it the most successful eight months yet …

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WorldViz developing ‘warehouse-scale’ VR

Oculus can currently offer VR in your seat. HTC Vive allows owners to wander about their room. Now another company is developing free-roaming VR on a far bigger scale. WorldViz, an enterprise company that specialises in developing new VR tech, says its new technology – called Precision Position Tracking (PPT) …

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