Industry News

Tencent Purchases Remaining Stake In League of Legends Developer Riot Games

League Of Legends Logo 2015

TenCent the Chinese technological behemoth that operates the popular Chinese FPS Cross Fire and holds a minority stake in Epic Games among other entertainment ventures has purchased the remaining equity in League of Legends developer Riot Games. This change in ownership was announced via Riot Game’s official website. They say that this allow them to offer more competitive wages and benefits to the employees while continuing their upward growth. Here’s the full statement as it appears on...

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Irrational Games Closing, Ken Levine To Focus On Digital Games

In a surprise move that sent shockwaves throughout the gaming community earlier this week, Irrational Games founder Ken Lavine has announced that the studio will be downsizing from its current format as an AAA studio to one with just fifteen members. Considering the critical and financial success both the original Bioshock and last year’s Bioshock Infinite have enjoyed this move might seem out of left field, but Mr.Lavine has attempted to explain the rationale behind this decision...

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