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- Pokemon Go Events generated $millions
Pokemon Go Events generated $millions
Millions of Steam Decks sold, PS5 Slim is now available in the US and Killbug developer is shutting down.
Bobby Voicu
November 13, 2023
I have been making video games since I was 13 and created a few terrible Google Play apps that never saw the light of day - Tom Dunn, Rubber Band Games
Hey there!
📣 If you only read one piece of news today 📣
Pokémon Go Fest events in 2023 generated a substantial economic impact of $323 million in host cities.
It exceeded 2022's figures and significantly benefiting local businesses and tax revenues, with the New York event alone contributing $140.1 million.
🎉 But we have so much more:
Konami is recruiting game creators for Silent Hill. Unfortunately, Uppercut is scaling down. And Anthony Starr will NOT voice Homelander in MK1.
Also, lots of games launching this week.
Don’t miss The Power-Up Chronicles section at the end of this newsletter. It has stories about
1M sales and zero marketing – the story of Wobbly Life
Evolving a studio from single to multi product
Could GTA 6 be released in 2024?
Play on:
Welcome to The Power-Up #37
Biz-Up
📈 Roblox's Q3 2023 financial report shows a 38% revenue increase to $713.2 million, with bookings up 20% to $839.5 million, and a significant rise in daily active users to 70 million, a 20% year-over-year increase.
📈 Krafton generated $343.5 million in revenue in Q3 2023, with mobile platforms contributing 68.6% ($235.8 million) to this total.
📉 Playtika reported a revenue of $630.1 million in Q3 2023, marking a decline from previous quarters and a continuous trend of weak financial performance.
📈 AppLovin's revenue reached $864 million in Q3 2023, a 21% increase from the previous year, with its software platform contributing $504 million, representing 58% of the total revenue.
Industry Level-Up
🔒 After a decade, Samurai Punk, the developer behind games like Killbug and The American Dream, is shutting down, transitioning into "support mode" for its existing projects.
📢 Konami is actively recruiting game creators for "large-scale projects" related to the Silent Hill franchise, seeking producers, artists, planners, engineers, and project managers.
🤖 Sega is partnering with AI startup Eques to develop a generative AI-powered voxel tool, enabling users to create voxel monsters based on their descriptions. This collaboration aims to simplify the creation of user-generated content and explore AI's potential in gaming.
😔 Uppercut, a key voice in indie gaming media, is scaling back operations, with editor-in-chief Ty Galiz-Rowe citing burnout, underfunding, and understaffing as reasons for shutting down the site's Patreon and halting regular content updates.