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
Alongside its quarterly earnings report, Unity has confirmed the appointment of Jarrod Yahes as its new chief financial officer. Yahes is fresh to Unity from his CFO position at Shutterstock, where for the past five years he has helped “drive the company’s portfolio expansion into 3D content, data monetisation, and digital advertising.” Before Shutterstock, Yahes … Read more
Unity has released its financial results for the three months ending September 30, 2024, stating its third quarter results “exceeded guidance.” For the fourth quarter, Unity is guiding revenue for its strategic portfolio to $422 to $427 million, and adjusted EBITDA to $79 to $84 million for the total company. Full year guidance has also … Read more
FromSoftware’s parent company, Kadokawa Corporation, is “developing a structure” to “expand the scope” of in-house publishing for console and PC games. In its latest financial report, the company also said it hopes to “maximise the lifetime value” of games like Elden Ring with DLC and “repeat” sales. It’s unclear if this drive will result in … Read more
A TV series based upon BioWare’s Mass Effect franchise has been greenlit by Amazon. Fast and Furious 9 writer Daniel Casey is set to write and executive produce the Amazon MGM Studios production, with Karim Zreik also producing via Cedar Tree Productions. The EP team is rounded out by Ari Arad and EA’s Michael Gamble. … Read more
Digital Bros has rebranded its Hook Indie Publishing label as 505 Pulse. Digital Bros said the rebrand “reinforce[s] the indie division’s synergy with its larger publishing arm, 505 Games, enabling closer collaboration while maintaining its core mission.” Milan-based 505 Pulse said this will “empower indie developers and help bring their creative visions to life, from … Read more
Take-Two’s CEO Strauss Zelnick has plenty of reasons to be optimistic. It’s more than just the fact Grand Theft Auto 6 – expected to be one of the biggest entertainment launches of all time – is still on course to launch in the autumn of next year. If we look at Take-Two’s more immediate situation, … Read more
Tencent has confirmed that a “reduction in headcount” has been made at Sharkmob London. As Pocket Gamer reported, Tencent did not specify how many employees have been affected by the decision. “In line with many studios, Sharkmob has been impacted by the difficult conditions across the video game market,” it said. “As a result, regrettably, … Read more
There’s this anxiety within the industry regarding Switch 2, which is around this notion that Nintendo tends to follow a success with a flop. Nintendo followed the smash hit Wii with the Wii U failure. Nintendo 3DS sold half as many units as the DS. It’s a trend, you see? In truth, that analysis isn’t … Read more
Kojima Productions announces full ownership of Death Stranding IP | News-in-brief
