Funding
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"We were there in the 80s for the crash, and this is definitely crashier." John and Brenda Romero reflect on the industry crisis
John and Brenda Romero reflect on the current state of the video game industry, likening it to the 1983 crash and describing it as "definitely crashier." Romero Games faced significant downsizing due to a funding pull, leading to a dramatic reduction in staff. Despite these challenges and industry-wide layoffs, the Romeros remain committed to developing their new game and express passion for creating games.
MOBA Game Golden Tides Secures $3.5M in Funding
Psychedelic Games has secured $3.5 million in funding for its innovative MOBA game "Golden Tides," which focuses on treasure collection rather than traditional lanes and towers. The investment round included strategic partners KRAFTON, FlyQuest, and Arbitrum Gaming Ventures. The game is set for release on PC and aims to integrate blockchain technology.
4v4 PVP Adventure MOBA Golden Tides Secures $3.5M Funding Round
Psychedelic Games has secured a $3.5 million funding round for its pirate-themed 4v4 MOBA, Golden Tides. The investment, led by KRAFTON, FlyQuest, and Arbitrum Gaming Ventures, will support continued development and the game's upcoming launch. CEO Devin Richman aims to innovate the MOBA genre with a focus on freedom and naval combat, while FlyQuest CEO Brian Anderson highlights the potential for new esports collaboration models.
Indie deckbuilder All Will Rise's dev joins No Games For Genocide boycott and plans to hand back funding it…
Speculative Agency, the developer of the anti-capitalist indie deckbuilder All Will Rise, has joined the No Games For Genocide boycott and plans to return funding received from Microsoft. This decision stems from Microsoft's business practices and its supply of technology to the Israeli Defense Force. The game will no longer launch on Xbox as originally planned, though its Kickstarter campaign has exceeded its funding goal.
3 months after revealing his debut project at The Game Awards, Yakuza creator Toshihiro Nagoshi loses NetEase funding…
NetEase has reportedly withdrawn funding from Toshihiro Nagoshi's Nagoshi Studio, the developer behind the upcoming game Gang of Dragon. The decision comes just three months after the game's debut trailer at The Game Awards and follows a Bloomberg report indicating the project requires significant additional investment. Nagoshi Studio, founded by the Yakuza creator after his departure from Sega, is now seeking alternative funding.
NetEase cuts funding to Gang of Dragon dev Nagoshi Studio
NetEase will cease funding for Nagoshi Studio, the developer of Gang of Dragon, in May 2026. Sources indicate the decision was made due to an estimated ¥7 billion ($44.4 million) shortfall needed to complete the game. Nagoshi Studio, founded by Yakuza creator Toshihiro Nagoshi, is reportedly seeking new sponsors without success.
Yakuza Creator's Promising New PS5 Game May Soon Be Sleeping with the Fishes as Funding Is Cut
Publisher NetEase has reportedly ceased funding for Toshihiro Nagoshi's promising PlayStation 5 game, Gang of Dragon. The project, a spiritual successor to the Yakuza series, is estimated to require an additional $44 million to complete. Employees were notified of the decision, and the studio may need to find a new publisher or repay NetEase to continue development independently.
NetEase Games to stop funding Nagoshi Studio in May
NetEase Games will cease funding for Toshihiro Nagoshi's Nagoshi Studio in May as part of a broader reduction in its game development activities. The studio requires approximately $44.4 million in additional funding to complete its first game, GANG OF DRAGON, and Nagoshi is reportedly seeking new sponsors without success.
