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Ubisoft Staff in France Go on Strike Due to Salary Dispute
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Feb. 16, 2024, 2:59 p.m.
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Bandai Namco Sees 3.9% Increase in Q3 Revenue, Reaching $5.1 Billion
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Feb. 16, 2024, 2:26 p.m.
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Starbreeze Returns to Profitability with Payday 3, Despite Lower-Than-Expected Sales
Starbreeze has announced its full-year financial results, marking the company's first pre-tax profit since its financial struggles in 2018. The release of Payday 3 in September was a key factor in this turnaround, although CEO Tobias Sjögren noted that the game's sales and player activity are currently lower than anticipated. Key financial highlights include a 106% year-on-year increase in Q4 net…
Feb. 16, 2024, 11:35 a.m.
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Embracer CEO Views Layoffs as an Industry-Wide Necessity
Embracer Group's CEO, Lars Wingefors, has stated that the ongoing workforce reduction within the company and the gaming industry at large is an unavoidable challenge that all parties must navigate. During the company's recent earnings call, Wingefors emphasized that Embracer's strategy involves cutting projects with the lowest potential for success and focusing on its most iconic studios. This ap…
Feb. 16, 2024, 11:06 a.m.
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ZA/UM Allegedly Preparing for Staff Reductions
It has been reported that ZA/UM, the development studio behind Disco Elysium, is planning to downsize its workforce by letting go of 24 employees, alongside the termination of a project known as X7. According to information obtained by Sports Illustrated's GLHF, ZA/UM's CEO, Ilmar Kompus, communicated this decision to the staff, stating that it would affect both the X7 project team and non-deve…
Feb. 16, 2024, 10:21 a.m.
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Alan Wake 2 Achieves Remarkable Sales of 1.3 Million Units
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Feb. 16, 2024, 8:33 a.m.
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Microsoft Expands Gaming Reach to Other Consoles
In a recent Xbox podcast, Microsoft addressed rumors about shifting its first-party strategy, announcing plans to release four games on non-Xbox consoles. Phil Spencer, Xbox head, clarified that this decision is 'not a change to our fundamental exclusive strategy.' The four titles do not include Starfield or Indiana Jones, which were previously speculated to be part of the multiplatform release. …
Feb. 15, 2024, 8:27 p.m.
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Daybreak Confirms Layoffs Affecting Under 15 Employees
Daybreak has acknowledged a reduction in staff, as confirmed to GamesIndustry.biz. Earlier in the week, the layoffs were initially reported on LinkedIn by Amir Satvat, who has been documenting industry-wide job cuts since 2022. Satvat initially stated that 70 employees were impacted, but later corrected this figure, deeming it inaccurate. A Daybreak spokesperson revealed that the actual number of…
Feb. 15, 2024, 5:16 p.m.
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Sony Explores Expansion of First-Party Games to Multiple Platforms
In a bid to stimulate growth in its gaming sector, Sony is considering the release of its exclusive first-party titles on platforms beyond its own, including PC. This strategy, as outlined by Sony's President and COO Hiroki Totoki during a recent earnings call, is expected to enhance the company's operating income, which has seen a 15% decline to ¥979.4 billion ($6.5 billion). Totoki emphasized t…
Feb. 15, 2024, 2:46 p.m.
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Embracer Nears End of Restructuring Efforts but Falls Short of Debt Goal
Embracer Group has unveiled its latest financial results, providing an update on the company's ongoing restructuring efforts, which are reportedly nearing completion. Despite a strong sales performance, with Q3 sales reaching an all-time high of SEK 12.1 billion ($1.2 billion), the company is unlikely to meet its net debt target of SEK 8 billion ($762.1 million) by the end of the fiscal year on M…
Feb. 15, 2024, 11:02 a.m.