…The fate of others, however, is less certain. When approached for comment by Bloomberg, a Tencent spokesperson said video games remain core to its business. “We remain fully committed to working with…
…In a statement sent to Game Developer, Vermila Studios CEO David Carrasco said the following: "Unfortunately, due to financial reasons, we've had to dispense with the staff at Vermila Studios. We…
…For the sustained growth of our dedicated video game platform business, it is important to maintain a healthy earnings structure for our overall business." Read more about: Top Stories Lawsuits & Legal News…
…The $55 billion transaction was financed via a combination of cash from PIF, Silver Lake, and Affinity Partners as well as roll-over of PIF's existing stake in EA—constituting an…
…Danielle Riendeau , Editor-in-Chief , GameDeveloper.com May 6, 2026 1 Min Read Image via EA EA has published its preliminary financial results for the fiscal year ended March 31, 2026. According…
Business Production PC Console News Xbox announces business 'reset' amid reports of layoffs and studio closures Xbox CEO Asha Sharma said the video game division must display 'optimism and realism' as it…
Business PC Console News Last Flag dev Night Street Games is laying off staff The Imagine Dragons-funded project did not achieve the 'financial success' the team anticipated. Diego Argüello , Contributing Editor…
…Frontier is currently making layoffs and implementing spending cuts in a bid to "refocus on is core strengths" following some disappointing financial results. Outlining those restructuring plans in October, the company said…
…The news comes just three years after the studio, formed by group of industry veterans from Funcom, Bohemia Interactive, and Lockwood Publishing , broke cover and secured $5 million in financing to create…
…Diego Argüello , Contributing Editor, News , GameDeveloper.com August 4, 2026 3 Min Read Image via Roblox Content notification on self-harm, child sexual abuse and exploitation In its latest financial report, Roblox…