Warner Bros Discovery has taken “another $100+ million impairment” due to the “underperforming” MultiVersus. In its latest financial call, as reported by VGC, CEO David Zaslav told investors its games business was “substantially underperforming its potential” despite “four strong and profitable game franchises with loyal, global fans”: Hogwarts Legacy, Mortal Kombat, Game of Thrones and … Read more
Remember when it looked like Take-Two was shutting down both Kerbal Space Program 2 developer Intercept Games and Roll7 – the studio behind Rollerdrome and OlliOlli World only for Take-Two CEO Strauss Zelnick to then say that it “didn’t shutter” those studios? Well, Take-two’s now confirmed those shutterings, as well as the sale of indie … Read more
Take-Two Interactive has confirmed the sale of Private Division for an undisclosed sum, as it drops the indie-focused publishing label to focus on larger projects. In statements alongside the publisher’s latest financial results, the company confirmed another party has acquired not only the Private Division label, but also all of its live and unreleased titles. … Read more
Meta published its third quarter earnings today, and has recorded a loss of $4.4 billion in its AR/VR Reality Labs division. This is the third reported loss of the year in this segment, with Reality Labs reporting a loss of $3.8 billion during its first quarter, and $4.5 billion in the second. For its Reality … Read more
The UK division of Inflexion Games is reportedly closing down. Audio director Jon Newman confirmed the cuts on LinkedIn, saying: “It is with a heavy heart that I am sharing the sad news that the UK subsidiary of Inflexion Games is closing, and with it, the roles of the audio team based here in the … Read more
Image: Microsoft, Xbox Following rumours about Xbox’s PlayStation 5 ports slowing down, Microsoft CEO Satya Nadella has briefly addressed the company’s gaming division in his annual letter to shareholders. Xbox’s new strategy codenamed “Project Latitude” will seemingly “continue” based on the CEO’s latest comments: “We brought four of our fan-favourite titles to Nintendo Switch and … Read more
