
Polish Studio Behind ‘Silent Hill' Remake Plans Original Games
The game has been a windfall for the 17-year-old outfit and its founder Piotr Babieno after starting out making low-effort games for quick cash. Shares of Bloober have surged more than 13% since Silent Hill 2's release, and last year earnings grew sevenfold to about $6 million. Fresh off that success, the studio is returning to the franchise with another Konami Group Corp. collaboration — a remake of the series' 1999 debut title, which is already in production You may be interested in
Not content with just doing remakes, Babieno is now looking further afield. His 250-person studio is slated to release its first shooter-horror hybrid this year. It's also working with fellow Polish developers on five horror titles with a target 2027 release. They're all original ideas, which amount to bold bets in a games industry increasingly obsessed with sequels and live-service games like Fortnite.
'We would like to create Bloober Team as the most impactful horror house in the world,' Babieno told Bloomberg News during an interview in Beijing, where he was attending game exhibitions. 'Making your own IP will be challenging and expensive if you would like to deliver the same quality. But for game designers, it's like raising a kid, something coming from your heart.'
In Cronos: The New Dawn, you play as a time-traveling agent fighting monstrosities in a sci-fi wasteland version of 1980s Poland. Bloober's spin on the action-horror genre is that players have to keep monsters from merging with one another even after slaying them. Babieno said the premise is a metaphor for our times. 'We are in information bubbles and those bubbles are sometimes connecting and sometimes not.'
Bloober is now preparing for the roll-out of Cronos on console and PC before the end of the year. The game drew inspiration from thriller films and horror franchises like Resident Evil. But for Babieno, the remastering of Silent Hill 2 — which began production about 10 months ahead of Cronos — has paved the way for Bloober's developers to take on its first original mass-market horror game.
Bloober has come a long way from its origins as a tiny outsourcing studio with no specific expertise. It got its name from a rushed business registration while developing a title called Double Bloob for the Nintendo DSi handheld.
Babieno, who played the original Silent Hill 2 multiple times through different phases of his life, eventually decided to settle on psychological horrors, or walking simulators where players explore a haunted house or dark forest and solve puzzles. Bloober's productions in this sub-genre have received mixed reviews. 'We are trying to learn from our mistakes,' said the former reporter and marketing executive. 'It's not revolution. It's like evolution.'
While reimagining Silent Hill 2 was a dream come true for Babieno, convincing Konami to partner on the project wasn't easy. Bloober lacked a proven track record producing the complicated combat gameplay action-horror games are known for. Babieno said his first pitch to the Japanese conglomerate came as early as 2015, followed by years of on-and-off discussions. When the tie-up was officially announced in 2022, it took many fans by surprise.
Another gaming giant that saw Bloober's potential was Tencent Holdings Ltd. In 2021, Tencent acquired a 22% stake in the Polish studio, becoming its largest shareholder. The investment adds to a long list of bets the WeChat operator made in up-and-coming games developers in Europe, ranging from Baldur's Gate 3 maker Larian Studios and Alan Wake studio Remedy Entertainment Oyj.
Tencent will help Bloober market Cronos ahead of its China launch, said Babieno, who last week traveled with a Tencent representative to Shenzhen and Beijing. 'They are a minority investor, but they are one of the most supportive companies which I ever met in my life,' he said.
Back at home in Kraków, Babieno said most of his designers are either crafting the Silent Hill 1 remake or planning the studio's next original title, which he promised won't be a sequel. He's also assembled a team of less than 40 people to work with third-party studios on the development of new games that mix horror elements with other genres like strategy and role-playing.
Such collaboration, Babieno said, would free Bloober's core team to focus on what they do best — story-driven, single-player horror games that sell copies. 'We would like to work with the best in their own niche.'
— Mark Anderson and Zheping Huang
More stories like this are available on bloomberg.com
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Hindustan Times
14 hours ago
- Hindustan Times
Can India become a global leader in battery manufacturing?
As India advances toward its vision of Viksit Bharat, achieving a clean energy future will be crucial. The rising demand for advanced batteries is fueled by the growth of electric vehicles (EVs), consumer electronics, and stationary energy storage needs. With India's battery storage demand expected to grow from 34 GW in 2023 to 450 GW by 2030, the focus now shifts to the country's manufacturing capabilities. As India emerges in the global energy transition, addressing gaps, and seizing opportunities will be key to a self-reliant battery ecosystem. Manufacturing (Bloomberg) In light of this, the 2025 Union Budget removed Basic Customs Duty (BCD) on 28 capital goods used in mobile battery manufacturing, encouraging local output for consumer electronics. As part of a broader strategy since the July 2024 Budget, India had already nullified BCD on 25 critical minerals. The 2025 Union Budget's exemptions on cobalt powder, LiB scrap, lead, zinc, and 12 other critical minerals aim to strengthen sourcing of affordable critical mineral feedstock at competitive price, strengthen domestic battery production, and cut import dependence. Removing BCD on critical minerals lowers costs, attracts investment in refining and recycling, and strengthens India's battery supply chain for global competitiveness. However, this is a long-term journey, requiring approximately five to six years to rapidly scale up domestic production, enhance recycling capacities and strengthen R&D investments. This effort is key to cutting imports and building a resilient circular economy. India's battery manufacturing sector is still in its nascent stage. LiBs, essential for powering consumer electronics, have become the dominant technology due to their high energy density and longer lifespan. India's rising LiB demand highlights its import dependence due to limited local manufacturing. Without strong policy support and industrial growth, reliance on countries like China, South Korea, and Japan may threaten long-term energy security and economic resilience. Currently, China dominates the global LiB market manufacturing, accounting for 77% of worldwide cell capacity and 80% of raw material refining. To counter China's dominance and boost local capacity, India has launched initiatives like Make in India for self-reliant manufacturing, the National Critical Mineral Mission (NCMM) for critical mineral supply, and a PLI Scheme for Critical Minerals to promote recycling and advanced technologies—together strengthening domestic industry and accelerating manufacturing. Despite efforts to boost domestic manufacturing, securing raw material supply chains remains urgent. Under NCMM, India may form strategic partnerships with friendly nations like Australia and Chile having the largest lithium reserves to bridge the raw material gap. India and Australia have already committed $43.2 million for joint initiatives between Commonwealth Scientific & Industrial Research Organization (CSIRO) and Indian partners, fostering collaboration in critical minerals research and technology development. India and Chile share a long-standing trade relationship, formalized by a 2005 Framework Agreement and a Preferential Trade Agreement to boost bilateral trade, including minerals and energy. These partnerships can help secure lithium supply and support India's battery manufacturing. However, India must also invest in refining and processing to cut import dependence. Another key hurdle to India's LiB growth is low R&D investment. India's Gross Expenditure on R&D (GERD) across sectors stands at just 0.64% of GDP, significantly lower than China (2.4%) and the US (3.4%). With low overall GERD, battery R&D investment remains limited, hindering innovation. To compete globally, India must strengthen multi-institutional R&D collaborations. The ministry of electronics and IT had taken an initiative to establish a Centre of Excellence on Rechargeable Battery Technology at Centre for Materials for Electronics Technology, Pune to support SMEs the R&D needs on material, machine and process of advanced chemistry cell including cathode and anode materials of various rechargeable batteries like Li-ion, sodium ion, solid state Li-ion and flexible batteries. Scaling more public-private partnerships can boost local IP and aid industry. India should explore alternative chemistries like sodium-ion, sodium-sulphur, metal-air, redox flow, and lithium-metal—to reduce reliance on vulnerable critical mineral supply chains. Efforts may be focused on building a strong recycling framework and boosting R&D via support labs and start-up incubators can help lower costs and reduce import dependence. However, globally, the present recycling rate of Ni, Co and Li are merely 60%, 32%, and 0.5% respectively, which is due to challenging reverse logistics of collecting end-of-life batteries and lack of profitable recycling technologies with limited volume. Recycling and refining industries must adopt innovative technologies to make metal extraction more profitable. At the same time, the emphasis on using domestically recycled materials under the Battery Waste Management Rules,2022(BWMR) though challenging, offers a chance to boost India's self-sufficiency in critical materials. The regulation allows the targets to be met using any battery component, including non-critical materials like aluminum and plastics, rather than focusing on reclaiming lithium, cobalt, or nickel. Given the complexities, realistic timelines are key to avoid supply chain disruptions. While South Korea took over two decades to set recycled content guidelines after starting LiB production, India is aiming to introduce such regulations within just three years of commercial-scale manufacturing—highlighting the need for a more pragmatic timeline. India's recycling infrastructure is underdeveloped, with most end-of-life LiBs poorly processed in the informal sector, causing major material losses. The current pace of progress is insufficient, making it imperative to accelerate domestic LiB manufacturing and recycling capacities in the next five to six years to meet BWMR guidelines and reduce dependency on external supply chains. Battery recycling can reduce India's reliance on raw material imports by recovering lithium, cobalt, and nickel from end-of-life LiBs for reuse in battery production. Unlike China, which is currently the only market with significant LiB recycling infrastructure, India's ecosystem is deterred by limited investment and unorganised battery waste management. As India moves towards becoming a global leader in consumer electronics, ensuring a stable and sustainable supply of LiBs will be critical. Creating reserves of recycled critical minerals under NCMM, can help achieve true Atmanirbharta. India is at a crucial juncture in its journey toward self-sufficiency in LiB manufacturing, a sector vital for clean energy, digital growth, and industrial expansion. While schemes like PLI, customs duty cuts, and NCMM offer policy momentum, building a resilient battery ecosystem needs scaled-up production, secure supply chains, and stronger R&D. Addressing raw material gaps through global tie-ups, enhancing refining & processing capacities, and advanced battery recycling can cut import dependence. Multi-institutional R&D, alternative chemistries, and phased recycling mandates will enable a circular economy. Well-structured regulations, industry-government collaboration, and smooth execution, India can shift from assembly to value addition and emerge as a global leader in sustainable battery manufacturing. This article is authored by Shiksha Dahiya, senior manager public policy, Chase Advisors and Sandeep Chatterjee, former senior director, ministry of electronics and information technology.


Time of India
16 hours ago
- Time of India
Bill Gates lost about $52 billion or 30% of his wealth this week - here's what happened
Why did Bloomberg reduce Bill Gates' net worth by $52 billion? How much has Bill Gates donated to the Gates Foundation? Live Events How did Steve Ballmer surpass Bill Gates in net worth? Here's the updated Top 12 richest individuals according to the Bloomberg Billionaires Index as of market close on July 4, 2025: Rank Name Net Worth (USD) 1 Elon Musk $361 B 2 Mark Zuckerberg $254 B 3 Larry Ellison $253 B 4 Jeff Bezos $244 B 5 Steve Ballmer $172 B 6 Larry Page $163 B 7 Bernard Arnault $161 B 8 Sergey Brin $152 B 9 Warren Buffett $146 B 10 Jensen Huang $139 B 11 Michael Dell $138 B 12 Bill Gates $124 B What's the reason for Microsoft stock's massive growth? "No, Charlie, but I'm that loyal." What's next for Gates, Ballmer, and the billionaire rankings? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Bill Gates is no longer one of the world's top 10 richest people — and the surprising twist? He now ranks behind his former assistant, Steve Ballmer. According to Bloomberg, Gates' net worth was recalculated on Thursday, dropping by a massive $52 billion, or 30%, due to updated estimates of his charitable donations. This sharp decline pushed the Microsoft cofounder from 5th to 12th place on the Bloomberg Billionaires Index , placing him below Alphabet cofounders, Nvidia's CEO, Warren Buffett, and sudden shift in Bill Gates' wealth wasn't due to a market crash or poor investments — it was a recalculation based on philanthropy. Bloomberg updated the way it calculates Gates' net worth to better reflect his massive charitable giving, something he has publicly emphasized. In a May blog post, Gates estimated his personal wealth at $108 billion and reaffirmed his plan to donate "virtually all" of it through the Gates Foundation over the next 20 adjusted their model accordingly, reducing appreciation rates used in their formula and aligning it more closely with the wealth estimate Gates himself of December, Bill Gates and his ex-wife, Melinda French Gates, have donated a staggering $60 billion to the Gates Foundation, according to the foundation's official website. Their longtime friend, Warren Buffett, has also contributed a massive $43 plans to give away even more. In his blog, he stated that the foundation is expected to spend over $200 billion before it winds down operations by 2045. This long-term vision for philanthropy directly affects how his wealth is counted by indexes like Bloomberg' makes this story even more remarkable is who surpassed Gates — Steve Ballmer, his former assistant and successor as Microsoft's CEO. Ballmer now holds the 5th position on the Bloomberg Billionaires Index with a net worth of $172 joined Microsoft in 1980 as an assistant to the president, earning a modest $50,000 base salary and a bonus based on profit growth. That deal turned out to be so lucrative that Microsoft eventually swapped it for a large equity stake. When Ballmer stepped down as CEO in 2014, he retained a 4% stake in Microsoft. That stake has since ballooned in value thanks to Microsoft's stock stock has skyrocketed over the past decade, climbing more than 10x to reach nearly $500 per share. As of now, it's the second-most valuable company in the world, trailing only Nvidia, with a $3.7 trillion market who owns the Los Angeles Clippers, held onto his Microsoft shares while others, like Gates and the late Paul Allen, diversified. In a recent interview on the Acquired podcast, Ballmer recalled a moment when Charlie Munger, Warren Buffett's late business partner, asked him why he never sold his Microsoft replied with a hint of humor and loyalty:Now sitting at 12th place with a net worth of $124 billion, Bill Gates seems unfazed. His focus has shifted away from accumulating wealth and toward philanthropic impact. While it's rare for a former assistant to outrank a founder in net worth, Ballmer's case proves that equity ownership — and loyalty — can pay off in a big the top of the Bloomberg Billionaires Index includes big tech names like Larry Page, Sergey Brin, and Jensen Huang, all of whom now rank above Gates. The world of billionaire rankings continues to shift, but Gates' commitment to giving is what's truly reshaping his wealth was recalculated by Bloomberg to reflect his large donations to the Gates kept his Microsoft shares while Gates donated most of his wealth.


News18
a day ago
- News18
Will New Baba Vanga's Quake Prophecy Come True? Look-Back At Mega Japan Disasters As Experts Say...
Last Updated: Ryo Tatsuki's Watashi ga Mita Mirai has gained attention for its seemingly accurate references to past events including the 2011 Tohoku earthquake and tsunami. It is July 5 – the day that was prophesied to bring a mega earthquake in Japan. The prediction comes from a popular Japanese manga titled Watashi ga Mita Mirai, Kanzenban (The Future That I Saw, Complete Edition) which was first published in 1999. The book, based on the dreams of artist Ryo Tatsuki, has gained attention over the years for its seemingly accurate references to past events including the 2011 Tohoku earthquake and tsunami. Many people online began revisiting the manga's warning, especially a line on its cover that reads: 'The real disaster will come in July 2025." In the story, characters talk about a natural disaster in which 'the ocean floor between Japan and the Philippines will crack" and trigger massive waves that are higher than those seen in 2011. While the manga has no scientific basis, the prediction has sparked widespread interest and anxiety. 'Prophetic Manga' Ryo Tatsuki's Watashi ga Mita Mirai is often described as a 'prophetic manga." Fans believe it accurately foresaw several major global events including the deaths of Princess Diana and Freddie Mercury, as well as the COVID-19 pandemic. But it gained serious attention after the Tohoku earthquake and tsunami struck Japan in March 2011. The manga had mentioned a 'massive disaster in March 2011" on its cover which was published more than a decade earlier. This connection led many to take the latest warning about July 2025 seriously. Social media platforms have been flooded with posts and videos about the so-called prediction. Experts say that while some major earthquakes including the 2011 disaster, were preceded by smaller tremors known as foreshocks, these are rare and not reliable indicators. A Bloomberg report also noted that such foreshocks occur only once in several hundred cases. Even Ryo Tatsuki has addressed the speculation. According to Reuters, she clarified that she is 'not a prophet." She urged people not to be 'overly swayed" by her dreams and 'act appropriately based on expert opinions." Spike In Quakes Around Tokara Islands Adds To Anxiety A remote and sparsely populated chain of islands in southern Japan has been experiencing an unusual spike in seismic activity which has caused concern among residents. Since June 21, more than 900 earthquakes have reportedly been recorded around the Tokara Island chain with a magnitude 5.5 tremor striking the area on Wednesday, July 2. While no major damage has been reported and no tsunami warning has been issued, authorities have urged residents to stay alert and prepare for possible evacuation, according to the BBC. Only about 700 people live on seven of the 12 Tokara islands. As per local media reports, the area has experienced clusters of earthquakes in the past but the frequency of the most recent tremors has been unusual. 'It's very scary to even fall asleep. It feels like it's always shaking," one resident said. While the manga's disaster may be fictional, scientists have long warned of a megaquake especially because Japan is located along the 'Ring of Fire," a region known for frequent earthquakes and volcanic activity. The country experiences up to 2,000 noticeable quakes every year and accounts for about 20 percent of all magnitude 6 or higher earthquakes globally. Japanese authorities have been preparing for what is called the 'once-in-a-century" Nankai Trough megaquake. The Nankai Trough is an 800-km undersea trench off the coast of southern Japan. Experts estimate there is an 80 percent chance of a magnitude 9 earthquake occurring there before 2055. If that happens, it could kill up to three lakh people. Japan's History Of Deadly Earthquakes 2011 Tohoku Earthquake and Tsunami: A 9.0-magnitude quake struck off Japan's northeast coast on March 11, 2011. Over 18,000 died in the disaster which also caused the Fukushima nuclear disaster. It remains the most powerful quake in Japan's history. 1923 Great Kantō Earthquake: This 7.9-magnitude quake hit the Tokyo and Yokohama regions on September 1, 1923. Over one lakh people died. 1995 Great Hanshin Earthquake: More than 6,000 people lost their lives when a region near Kobe was struck by a 6.9-magnitude earthquake on January 17, 1995. 1948 Fukui Earthquake: On June 28, 1948, a 7.1 earthquake devastated Fukui Prefecture and killed 3,700 people. 2004 Chūetsu Earthquake: Though smaller at 6.6 magnitude, this quake on October 23, 2004, caused significant damage in Niigata Prefecture and led to 68 deaths. About the Author Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. News18's viral page features trending stories, videos, and memes, covering quirky incidents, social media buzz from india and around the world, Also Download the News18 App to stay updated! Location : Delhi, India, India First Published: