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Toys R Us Planning Revival, Opening New Stores

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If you’re a Toys R Us kid, then your beloved Toys R Us stores may be on their way back.

According to a report from Reuters, the company’s debtors have cancelled the absolute auction, and plan to revive the Toys R Us brand.

Furthermore, the report states that a new Toys R Us and Babies R Us branding company is in the planning stages, and it will “maintains existing global license agreements,” and will allow for investment in opening new stores and “private brands business.” The report went on to say that much of the debt could be attributed to a $6.6 billion “leveraged buyout by private equity firms in 2005.”

Toys R Us met a sad, emotional end over the summer, unable to recover from their Chapter 11 bankruptcy filing  back in September 2017, which was filed in hopes that it would provide ample time for the company to reorganize so it could address owing lenders around $5 billion.

 

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Armored Core 6: Fires of Rubicon Winning in United Kingdom

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FromSoftware title ‘Armored Core 6: Fires of Rubicon’, which is published by Bandai Namco, has laid claim to the top spot of the boxed charts in the United Kingdom this week following it’s August 25th release.

Armored Core 6’s debut pushed Mario Kart 8 Deluxe to the second overall spot in news that video game journalists have been covering extensively.

According to GamesIndustry.biz, Bandai Namco believes that ‘Armored Core 6: Fires of Rubicon’ is a “big step up in the franchise’ and communicated their hopes that it would surpass previous Armored Core games following the increased popularity in the game developers work on Elden Ring.

The United Kingdom charts also saw The Legend of Zelda: Tears of the Kingdom move back to the 3rd spot, and FIFA 23 holding the 4th spot.

The biggest rise was from Lego Star Wars: The Skywalker Saga, which jumped back in the top top from it’s previous 24th spot to land in 6th with a 146% increase in sales. That game, along with Hogwarts Legacy, is currently a part of a Playstation 5 bundle.

The Witcher 3: Wild Hunt Game of the Year edition entered the Top Ten this week with an appearance in the 9th spot.

The news wasn’t so good for The Texas Chainsaw Massacre which saw a debut in the 13th spot last week but has now dropped to 37th following a 43% decrease in sales week-on-week, despite it’s initial push on every video game streaming platform following it’s heavily hyped arrival.

Here is a breakdown from the United Kingdom Boxed Top Ten for the week ending on August 26th, via GamesIndustry.biz.

Last Week This Week Title
New Entry 1 Armored Core VI: Fires Of Rubicon
1 2 Mario Kart 8 Deluxe
4 3 The Legend of Zelda: Tears of the Kingdom
3 4 FIFA 23
9 5 Hogwarts Legacy
24 6 Lego Star Wars: The Skywalker Saga
5 7 Mortal Kombat 11 Ultimate
7 8 Minecraft (Nintendo Switch)
12 9 The Witcher III: Wild Hunt GOTY Edition
2 10 Grand Theft Auto V
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Scriptic Raises $6 Million in Additional Seed Funding

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Interactive drama developer and BAFTA-nominated studio Scriptic has raised a total $6.2 million in additional seed funding, including $500,000 from the Sony Innovation Fund, bringing the total seed investments to $8.7 million.

The funding will be deployed to continue going towards the expansion of its mobile narrative offerings, and the studio aims to provide its generative AI developer tools to more writers and storytellers.

“It’s a huge honor to have Sony Innovation Fund join our roster of stellar investors, and we’re thrilled that they share our vision for the future of interactive media and storytelling,” Scriptic CEO Nihal Tharoor said, according to GamesIndustry.biz.

This marks another example of  studios who find Angel Investors and find VC investors to fund their initiatives, and those deals making waves in the gaming industry.

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Xbox Scheduled to Release Baldur’s Gate 3 Later This Year

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Following news earlier this year that Larian Studios cited technical issues developing the port, there is now official confirmation that Baldur’s Gate 3 will be launching on Xbox Series X|S consoles this year.

Larian Studios CEO Swen Vincke officially announced the update on social media following a meeting with Xbox head Phil Spencer.

“We’ve found a solution that allows us to bring Baldur’s Gate 3 to Xbox players this year still, something we’ve been working towards for quite some time,” Vincke said in the announcement. “All improvements will be there, with split-screen coop on Series X.”

The Xbox Series S console version of the RPG will not feature split-screen coop, a disappointing part of the update, but Baldur’s Gate 3 will have cross-save progression functionality between Steam and Xbox Series consoles.

Stay tuned here or other prominent video game journalists for more information on Baldur’s Gate heading to Xbox in 2023.

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