Warner Bros Discovery says its games division is “substantially underperforming” xxx

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

Today “We’re in the business of making great big hits”, Take-Two CEO says after shuttering good studios and selling good indie publisher Private Division to a mystery buyer

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

Zelnick on Private Division sale: “Those projects were smaller, we’re in the business of big hits” xxx

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’s AR/VR Reality Labs division records further losses of $4.4 billion xxx

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

A Microsoft CEO Gaming Division Update: ‘We Continue To Extend Our Content To New Platforms’

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