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Chinese Gaming Industry Posts $9.7 Billion USD Revenue in 2012

Ravi Sinha — Tue, 08 Jan 2013 15:56:39 +0000

Big news in little China. It seems that the video game industry in the land of the rising sun has grown by 35.1 percent on a year to year basis to to reach a total estimated revenue of $9.7 billion USD.

Techweb posted data released in the 2012 China Games Industry Report, and unsurprisingly, online gaming accounts for 90 percent of total revenue in their gaming industry. That means around $9.1 billion USD.

Considering the craze behind free to play titles and online RPGs in China, it’s easy to see how the mobile gaming market is still experiencing growing pains with just $520 million USD in 2012.

But at least they’re doing better than gaming consoles, which account for a measly 0.1 percent of revenue thanks to the legal hassles of releasing consoles in the Chinese market.

The report also indicated that the industry was expected to hit $21.7 billion USD by the end of 2017, with an annual growth rate of 12.4 per cent as cheaper handsets and mobile technology sees an upswing.

Source: GIBiz

Elder Scrolls, Kingdoms of Amalur Lead Designer Now At Turbine

Ravi Sinha — Fri, 19 Oct 2012 15:44:57 +0000

It was a shame that 38 Studios, the talent behind the under-rated Kingdoms of Amalur, had to file for bankruptcy but given the nature of the industry today, it’s either AAA blockbuster success or go home. However, another tenet that rings true is the need for talented developers. And at the very least, Ken Rolston has landed on his feet with the news that he’s joining Turbine as design director, where he will lead all aspects of game design.

Known for Lord of the Rings Online, Turbine has stated that Rolston is “one of the most accomplished fantasy RPG computer and video game designers of all time, with over a decade of lead designer experience on the award-winning Elder Scrolls franchise.”

This is only a small part in a concentrated effort from Turbine to “design and deploy the next generation of online gaming.” But whichever way you cut it, Rolston is back in business, as he rightfully should be.

Source: GIBiz