Culture
The rise of Roblox: The virtual world now has 66 million daily users

The rise of Roblox: The virtual world now has 66 million daily users

8/10/23 7:00PM

Hard mode

Roblox, the popular virtual gaming platform, disappointed investors with its latest quarterly report, revealing another net loss as the company’s costs grew, sending shares down more than 20%.For those who prefer the physical world over the virtual, Roblox is an innovative twist on traditional video games. Its users are overwhelmingly the architects behind the interactive content and games that populate the platform, with a creator community that spans from impassioned hobbyists to professional studios, who profit from the sale of virtual goods and advertising.

Although the business side of the company may have faltered, the virtual world’s grip on its players has tightened. Its daily active user base has increased almost threefold since the beginning of 2020. Indeed, more than 66 million individuals immerse themselves in the virtual environment on a daily basis — almost equivalent to the entire population of the United Kingdom logging on.

Final boss

Perhaps in a bid to change the headlines, Roblox unveiled its virtual Roblox Career Center yesterday, which will give select job applicants the ability to conduct their interviews in Roblox. That means using their avatars as emissaries for the entire communication — as if interview etiquette wasn’t already hard enough to get your head around.

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Paramount and Microsoft’s Activision agree to partner on a “Call of Duty” movie

Less than a month after forming, Paramount Skydance has landed another major piece of intellectual property. The studio said it’s signed a deal with Microsoft’s Activision to create a live-action “Call of Duty” film.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

The competitive shooter is one of the most popular gaming franchises in the world and has been the US’s bestselling series for the past 16 years. The next title in the 22-year-old franchise, “Black Ops 7,” will debut in November.

Paramount, which closed its merger with Skydance in August, has had a summer of big deals. It acquired UFC broadcast rights in a $7.7 billion deal with TKO last month, following a $1.5 billion deal for “South Park” rights in July. The company also lured “Stranger Things” creators away from Netflix last month for a four-year film and TV development deal.

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