Remedy calls 2023 financially ‘challenging’, despite Alan Wake II’s success

Remedy posted its financials for the full 2023-2024 fiscal year. Decreases were across the board, but the Finnish studio had a bright spot in locking down two franchises under its belt.Speaking to revenue from October 1, 2023-December 31, 2023, Remedy made €10.3 million ($11.19 million) during the period. In 2022-2023, it made €13.6 million, marking a 24.4 percent decrease between the two quarters.For the whole 2023 year, revenue decreased €33.9 million, down 22.2 percent from 2022's €43.6 million.Despite that, CEO Tero Virtala noted 2023's final quarter was "special and memorable" for Remedy. That's largely owed to Alan Wake II, which released in October to strong reviews and numerous award wins and nominations.He acknowledged the studio's profitabili…

Are game studios suddenly abandoning Black developers?

Developer Xalavier Nelson Jr. believes the industry has failed Black game developers. At the recent Black in Gaming Awards held during GDC, the Strange Scaffold founder won an award for Best Indie Developer.In his speech, Nelson revealed his 2023 game El Paso, Elsewhere had "precious little" publisher support, and many rejected it. It went on to become a hit, but he said a lack of support isn't uncommon for Black developers pitching new projects.It's made even more egregious because of how the industry often co-opts Black culture. Nelson was frank in calling out the industry's tendency to have Black characters and music, but then take a "sudden silence" when it comes to projects made by Black developers like himself.Such issues are emblematic of the enter…