executives

U.S. Department of Justice opens antitrust inquiry into Overwatch League’s soft salary cap, ‘competitive balance tax’

Source Node: https://dotesports.com/news/u-s-department-of-justice-opens-antitrust-inquiry-into-overwatch-leagues-soft-salary-cap-competitive-balance-tax
Time Stamp: July 2, 2021 9:00 PM - Modified On: July 2, 2021 - Published By:
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The U.S. Department of Justice antitrust division is probing the Overwatch League over its soft salary cap policy that discourages teams from excess spending, sources familiar with that inquiry told Dot Esports. The probe is being headed by DOJ trial attorney Kathleen Simpson Kiernan, who works for the Civil Conduct Task Force subdivision of the antitrust division in Washington. Kiernan and other DOJ attorneys have contacted and interviewed several former Overwatch League employees, according to sources. The nature of Kiernan’s investigation is not criminal, sources said. DOJ officials did not

Far Cry 7 Could Go In “A Radically Different Direction” – Rumor

Source Node: https://gamingbolt.com/far-cry-7-could-go-in-a-radically-different-direction-rumor
Time Stamp: June 29, 2021 12:18 PM - Modified On: October 29, 2021 - Published By:
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Bloomberg reporter Jason Schreier has recently revealed during his Triple Click Podcast that Far Cry 7 could be heading in a direction you might not expect. According to Schreier’s sources on the matter, the Far Cry franchise would be going in “a radically different direction” after the release of Far Cry 6. Schreier hasn’t revealed any more details at this point, which is understandable, as Far Cry 6 is still months away from release. It’s still interesting to speculate on Jason Schreier’s comments, however, as Far Cry 6 is already doing

EA Making ‘Substantial Changes’ to Executive Pay

Source Node: https://www.dbltap.com/posts/ea-making-substantial-changes-to-executive-pay-01f8xe99fvqw?utm_source=RSS
Time Stamp: June 23, 2021 9:03 PM - Modified On: June 23, 2021 - Published By:
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Top GamesEA CEO Andrew Wilson. / Christian Petersen/Getty ImagesElectronic Arts says it will make "substantial changes" to executive pay after shareholders provided negative feedback about the company's current practices, per a regulatory filing ahead of a say-on-pay vote scheduled for August.Although the vote will be purely advisory — it wouldn't change compensation directly — EA has decided to incorporate the criticism in its new pay package. In May, the company's board approached a 2022 annual equity award for CEO Andrew Wilson of $18 million, at least 60% of which is performance-based. His

Bobby Kotick Secures $155M Pay Package

Source Node: https://www.dbltap.com/posts/bobby-kotick-secures-155m-pay-package-01f8tdnyw9tj?utm_source=RSS
Time Stamp: June 22, 2021 3:19 PM - Modified On: June 22, 2021 - Published By:
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Top GamesBobby Kotick is one of the highest paid executives in video games. / Drew Angerer/Getty ImagesActivision Blizzard shareholders have narrowly voted to approve CEO Bobby Kotick's $155 million pay packet, with 54% in favor of the approval. The approval comes after a year-long campaign by CtW Investor Group to cut down on Kotick's pay.The vote had been delayed by Activision Blizzard in what some saw as an attempt to avoid it's being rejected. For its part, Activision Blizzard says the delay helped shareholders to become better informed.Activision CEO Bobby

Ubisoft CEO Addresses Misconduct Allegations in Open Letter

Source Node: https://www.dbltap.com/posts/ubisoft-ceo-addresses-misconduct-allegations-in-open-letter-01f6jek72djh?utm_source=RSS
Time Stamp: May 25, 2021 3:08 PM - Modified On: May 25, 2021 - Published By:
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Yves Guillemot enumerated the changes Ubisoft has made in an open letter this week. | Christian Petersen/Getty ImagesUbisoft CEO Yves Guillemot published an open letter Monday discussing the changes the company has made to combat the alleged toxic work environment described in reports from late June. The letter, titled "A Year of Change at Ubisoft," acknowledged the concerns raised, and recapped the steps taken to improve conditions."Last June, we faced the fact that not all team members were experiencing the safe and inclusive workplace that we had always intended Ubisoft

Unity, Sony, IEEE to take the stage at the VR/AR Global Summit ONLINE…

Source Node: https://www.prweb.com/releases/unity_sony_ieee_to_take_the_stage_at_the_vr_ar_global_summit_online_conference_expo/prweb17921549.htm
Time Stamp: May 9, 2021 8:00 PM - Modified On: October 29, 2021 - Published By:
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This summit will bring together some of the world’s greatest designers, hardware manufactures, software developers, marketers, end users and entrepreneurs to share ideas, best practices, network, and get business done,” says Nathan Pettyjohn, President of the VR/AR Association. PALO ALTO, Calif. (PRWEB) May 10, 2021 After organizing the virtual VR/AR Global Summits in 2020, the largest global ecosystem of VR/AR companies, brands, and professionals is going virtual again. The theme of the summit is “The Time is Now,” and it will feature thought-leaders and creatives from around the globe in

Apple lawyer to Epic engineer: Epic was ‘dishonest,’ acted ‘without integrity’

Source Node: https://dotesports.com/news/apple-lawyer-to-epic-engineer-epic-was-dishonest-acted-without-integrity
Time Stamp: May 5, 2021 7:22 PM - Modified On: May 5, 2021 - Published By:
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The third day of trial for the Epic Games v. Apple antitrust case concluded today with Apple attorney Richard Doren upping the ante and grilling Epic engineering fellow Andrew Grant in the final testimony of the day. Grant took the stand on behalf of Epic and fielded questions from both Doren and Epic’s legal counsel. His testimony ranged from explaining the basics of APIs and coding SDKs as prompted by Epic’s attorney but when Doren cross-examined him, the questioning became more hostile. Doren quizzed Grant on Epic’s decision to insert

Epic Games v. Apple Fortnite Trial Timeline: What We’ve Learned So Far

Source Node: https://dotesports.com/news/epic-games-v-apple-fortnite-trial-timeline-what-weve-learned-so-far
Time Stamp: May 4, 2021 3:39 PM - Modified On: May 4, 2021 - Published By:
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Monday marked the start of the Epic Games v. Apple trial in Oakland, California, with the two companies facing off over the iOS developer’s August removal of Fortnite from the App Store and the policies that led up to that point. So far, the trial has featured a two-day deposition of Epic Games CEO Tim Sweeney, an outspoken critic of Apple and the man responsible for suing the phone maker. Lawyers from Epic and Apple both cross-examined Sweeney throughout Monday and Tuesday, with questions ranging from basic video game topics

Epic v. Apple trial documents reveal new financial information around Fortnite’s success

Source Node: https://dotesports.com/news/epic-v-apple-trial-documents-reveal-new-financial-information-around-fortnites-success
Time Stamp: May 3, 2021 7:58 PM - Modified On: May 3, 2021 - Published By:
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Fortnite served for 97 percent in 2018 and 88 percent in 2019 of total revenue generated by Epic Games, according to documents presented in the Epic Games v. Apple antitrust trial hearing today. In the past three years, Epic has earned more than $15 billion in revenue. Epic brought in $5.7 billion in 2018, the year following the release of Fortnite that saw the company catapult from a major independent game studio to a multibillion-dollar tech company. In 2019, Epic brought in $4.2 billion and in 2020, $5.1 billion, the