When a licensing deal between Activision Blizzard and Chinese game firm NetEase expires on January 24, 2023, many popular games such as World of Warcraft and Hearthstone will suspend services in mainland China.
On November 17, Activision Blizzard suddenly announced that its existing agreement with NetEase will expire on January 23, 2023. Multiple Chinese game developers who are negotiating agency rights with Blizzard Entertainment include Tencent, ByteDance's Nuverse, Perfect World and others.
China's National Press and Publication Administration announced on November 17 an approval list for new online games this month, showing a total of 70 authorized titles. Tencent, which has not obtained approvals since September, attracted wide attention.
Activision Blizzard, led by CEO Bobby Kotick, reportedly put forward stricter conditions in contract renewal negotiations with the Chinese firm NetEase, including requiring it to pay the cooperation income of the next two years to Blizzard in advance once it completes the contract renewal.
Blizzard Entertainment, a leading game developer and publisher based in California, announced on November 16 that it will be suspending most game services in mainland China due to the expiration of current licensing agreements with China's NetEase.
One of China's official media outlets published an article entitled "the opportunity in the gaming industry cannot be missed". The news sent stock prices of Chinese game makers in Hong Kong shooting upwards.
Activision Blizzard, a leading US video game developer, released its financial report for the third quarter of fiscal year 2022 on November 8, acknowledging potential problems with its title publication business in China.
NetEase, a leading internet technology company based in China, announced on August 31 that its games division, NetEase Games, has acquired French game developer and publisher Quantic Dream S.A.
VR games publisher Netvios has announced its completion of A-round financing worth over 100 million yuan ($14.8 million).
Hangzhou-based internet company NetEase announced a new independent director and changes to the board committee on Thursday. It also released its 2021 ESG Report.
NetEase Cloud Music has recently tested a new product called "MUS," its first music-based social app. The name MUS is the abbreviation of "music with us."
China's National Press and Publication Administration released details on Tuesday regarding the regulatory approval of new domestic online games in June, including a total of 60 titles.
Hangzhou-based internet tech firm and online gaming provider, NetEase, Inc., published its financial report for Q1, 2022. Its net revenue totaled $3.7 billion, up 14.8% year-on-year.
NetEase, a Chinese internet technology company, announced on Wednesday that it will hold an online game launch event called "NetEase Connect 2022" at 19:30 Beijing time on May 20.
NetEase Cloud Music announced on Wednesday that it has formed a strategic partnership with Linfair Records. The companies will cooperate in regard to music copyrights, artist promotion and other fields.
Chinese internet technology firm NetEase will acquire 100% of shares in Quantic Dream, the developer of the game "Detroit: Become Human."
Arena of Valor, an overseas version of the Honor of Kings mobile game, has been given upgraded importance and is now considered a strategic key project as of September 2021.
Mobile application and gaming market research platform Sensor Tower released the revenue ranking today for Chinese mobile game publishers in the global app store and Google Play during February 2022.
At the beginning of March, two stock exchanges in China announced that NetEase Cloud Music had been added into the list of stocks that can be traded through the Hong Kong Stock Connect platform.
Chinese tech giant NetEase Inc. released its financial report for the fourth quarter and fiscal year ended December 31, 2021.