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NCsoft Korea is reportedly restructuring after multiple weak revenue quarters
- NCsoft, a Korean gaming giant, has finalized plans to restructure the company due to falling revenues over multiple quarters.
- Both voluntary retirements and layoffs are planned in efforts to reverse losses.
- NCsoft once comfortably profited from the Lineage franchise, but mobile game titles including Lineage now appear to be the cause for weak sales.
- Throne & Liberty was a much-anticipated release but its soft Korean launch results showed why NCsoft declined to report per-game sales that quarter.
- Some NCsoft subsidiaries and support studios will be closed as a part of the restructuring.
- NCsoft's western holdings, which have already been reorganized, were not mentioned in the Korean media report.
- Guild Wars 2’s ongoing financial success and plans for Guild Wars 3 remain a silver lining in NCsoft’s portfolio.
- Throne & Liberty global version is showing signs of success, however, it is unlikely to improve overall performance given the revenue sharing model with the publisher, Amazon Games.
- This will be the first time since 2012 that voluntary retirement moves will be taken by NCsoft.
- NCsoft representatives previously pointed to Guild Wars 2 as a bright spot in its portfolio.
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Helldivers 2 completes sweeping buffs and commits to more comms as jump-jetting Automatons menace players
- Arrowhead Studios has completed its planned updates for Helldivers 2, including sweeping buffs to weapons and equipment.
- The latest patch continues the adjustments made in September's update and addresses previously unresolved issues.
- Game director Mikael Eriksson emphasizes the studio's commitment to communication and feedback from players.
- The introduction of jump-jetting Automatons, known as the Jet Brigade, presents a new threat in the game.
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Sea of Thieves Season 14 releases with an ‘incredibly disappointing’ number of bugs
- Sea of Thieves Season 14 has been released with a significant number of bugs.
- Players are reporting various issues, including achievements not working, game crashes, missing ships and material crates, and problems with new items like the grappling gun.
- A hotfix is scheduled for early this week to address high impact areas, while ledge hanging and traps are temporarily disabled.
- The production director acknowledges the disappointment and emphasizes the need to focus on improving quality.
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Stock Market: Sensex Hits All-Time High
- The Sensex, India's benchmark stock market index, achieved a historic milestone on Wednesday by reaching a record high of 63,588 points. This marked a significant increase of 260 points or 0.41% from the previous session.
- The surge in Sensex was primarily driven by the gains made by heavyweight companies such as Reliance Industries, Tata Consultancy Services (TCS), and HDFC group of companies. These index heavyweights played a crucial role in propelling the market to new heights.
- Alongside the Sensex surge, the Nifty50, another prominent stock market index in India, was observed to be trading at 18,870 points. This indicates a positive sentiment in the broader market, complementing the record-setting performance of the Sensex.
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