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News on Medial
Kim Kardashian's mobile game is shutting down after nearly a decade
Business Insider
·
1y ago
Medial
Kim Kardashian's mobile game "Kim Kardashian: Hollywood" is shutting down after a successful 10-year run. The free-to-play game, developed by Glu Mobile in 2014, allowed players to rise from E-List to A-List fame, mirroring Kim Kardashian's own journey to stardom. Glu Mobile announced that the game will be inaccessible to all users after April 8, 2024. The game had generated significant revenue, reaching $700,000 per day at its peak, and was downloaded 45 million times, earning Kim Kardashian an estimated $45 million.
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Related News
BGMI hits record sales in 2024, fuels Krafton’s 35.7% YoY mobile revenue growth
YourStory
·
5m ago
Medial
Battlegrounds Mobile India (BGMI) achieved record sales in 2024, contributing to a 35.7% increase in Krafton Inc’s mobile revenue. BGMI now boasts over 200 million downloads, solidifying its role as India’s top battle royale game. Krafton’s overall 2024 earnings reached 2.71 trillion KRW, with a 54% rise in operating profit. CEO CH Kim outlined plans for future growth, including expanding the PUBG universe and new titles, aiming for significant revenue expansion.
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Tencent's 'Dungeon & Fighter' game dominates China's mobile download charts
Economic Times
·
1y ago
Medial
Tencent's Dungeon & Fighter Mobile game has achieved significant success since its launch in China, dominating the top-grossing charts on Apple's iOS platform for nearly a month. Within 10 days, the game generated over $100 million in revenue, surpassing Tencent's other popular titles like Honor of Kings and PUBG Mobile. This contributed to a 12% growth in Tencent's mobile game revenue in May. The game's success comes amidst tensions between Tencent and smartphone vendors over gaming revenue sharing. Tencent recently removed the game from selected Android app stores due to contract expiration.
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Amazon Games Restructures, Cuts 180 Jobs, and Shifts Focus to Prime Gaming and Key Titles
The Verge
·
1y ago
Medial
Amazon is cutting over 180 jobs in its games division, including shutting down its Crown channel on Twitch and closing its Game Growth initiative. The company will refocus on delivering free games through Prime Gaming. This move follows layoffs in April, affecting Prime Gaming and Game Growth. Amazon aims to concentrate resources on developing high-quality games, such as upcoming launches like Throne and Liberty, Blue Protocol, Tomb Raider, and Lord of the Rings games. The company assures its commitment to becoming a leading game developer and publisher.
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Man shuts startup he quit his ₹50 LPA job for, says 'Success didn't make me happy'
Inshorts
·
8m ago
Medial
A Founder's Grapevine post about shutting a startup he built after leaving ₹50+ LPA job has gone viral. "Raised $2 million...Built something profitable...Shutting it down now," he wrote. "The constant weight of making decisions...Never-ending uncertainty...I wasn't built for this," he said. "Success is not equal to happiness...I built something profitable, but it didn't make me happy," he added.
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Mojocare board decides to return funds to investors
Economic Times
·
1y ago
Medial
Health and wellness startup Mojocare is shutting down its operations and returning money to investors after it was revealed that the founders had inflated revenue and sales figures. The board has finalized the resolution to return the capital, but pending vendor payments need to be resolved first. A forensic report found Mojocare founders guilty of misleading investors. The company had around $12 million left in the bank as of June. Major shareholders include B Capital, Chiratae Ventures, and Peak XV Partner. Mojocare has raised nearly $24 million since its inception.
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Ubisoft turns Rainbow Six teeny tiny for new game on Netflix
The Verge
·
1y ago
Medial
Ubisoft has announced a new mobile game called Rainbow Six: Smol, a spinoff from its popular Rainbow Six franchise. The game aims to expand the franchise's audience by offering a more approachable and lighthearted take on the Rainbow Six universe. Rainbow Six: Smol features familiar elements such as destructible environments and Operator characters, but introduces a top-down perspective and a colorful art style. The game is available now on iOS and Android through Netflix games.
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Garena’s Free Fire poised to return to India with localized features
Entrackr
·
1y ago
Medial
Singapore-based game developer Garena, the digital entertainment arm of Sea Group, is relaunching its popular Free Fire game in India as "Free Fire India." The game was banned in India along with 53 other mobile apps in 2020. The rebranded version will be available for download on September 5 and features local cloud hosting by Yotta, safety features, and content tailored for Indian users. Garena has partnered with cricketer MS Dhoni as a brand ambassador for the game. Garena's move follows Krafton's relaunch of Battlegrounds Mobile India (BGMI) after the PUBG ban.
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NFT platform Recur announces shutdown amid evolving market landscape
Startup News FYI
·
1y ago
Medial
NFT platform Recur is shutting down after raising $50 million in funding. The phased closure process began on August 18, 2023, and will conclude on November 16, 2023. Users are advised on how to withdraw their assets. The NFT market's decline and unexpected challenges contributed to this decision.
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Ember Sword Shuts Down After $7M Raised and $11M NFT Sales Amid Web3 Gaming Challenges; Aurory Beta Launch Planned | DeepNewz VC
deepnewz
·
2m ago
Medial
Ember Sword, a crypto game, has shut down after raising $7 million and making $11 million in NFT sales. Despite its financial success, the game succumbed to challenges prevalent in Web3 gaming.
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Another casualty of 28% GST? MPL-backed Striker to shut operations
Inc42
·
1y ago
Medial
MPL-backed fantasy gaming platform Striker is reportedly shutting down its operations due to the 28% GST levy on the online gaming sector. Founded in 2022, Striker allowed users to collect and trade digital collectibles and cards focused on cricket. The platform faced legal challenges and adverse regulations before the GST decision, which added to its troubles. No timeline for the shutdown or information on the fate of its employees has been provided. Striker is not the only platform affected by the GST, as others have temporarily shut down or implemented cost-cutting measures. In the midst of this, MPL has acquired NFT marketplace Good Game Exchange for $12.75 million.
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