Amazon’s massive layoffs hit its gaming division hard, with major reductions in AAA game development and MMO projects. The move represents a significant retreat from Amazon’s ambitious gaming aspirations.
A massive $100 million investment from Abu Dhabi is reportedly funding a new AAA Lord of the Rings game designed to compete with Hogwarts Legacy. Sources indicate the deal was finalized after lengthy negotiations between the Abu Dhabi Investment Office and rights holders. The project aims to revitalize the beloved franchise in the gaming landscape.
According to reports from Insider Gaming, the Abu Dhabi Investment Office has committed approximately $100 million to fund development of a new AAA Lord of the Rings video game. Multiple sources have confirmed the deal was signed recently following negotiations that began last year, marking one of the most significant gaming investments from the Middle East region. The substantial funding demonstrates growing interest in major video game franchises as valuable entertainment properties.
Google has expanded its AI-powered Vids app with new vertical and square video formats. The update enables users to create content optimized for platforms like TikTok, Instagram Reels, and YouTube Shorts, rolling out to all Workspace and personal account holders.
Google Vids, the AI-powered video editing application, has significantly expanded its capabilities with the addition of new video formats available to all users. The update introduces vertical (9:16) and square (1:1) aspect ratio support, complementing the existing widescreen format to provide creators with enhanced flexibility for social media content production.
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