Embracer to spin off major video game franchises and studios
… At that point, he will take charge of the new segment as CEO. …
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People Can Fly acquires Texas-based publisher Cooldown Games
… "Although we are strongly focused on the work-for-hire segment to achieve positive cash flows across the Group, we have never intended to abandon our publishing plans. …
PlayStation 5 hardware sales plunge amid price hikes
… Operating income increased 12 percent year-on-year to 463.3 billion yen and reached a record high for the segment. …
Opinion: Lars Wingefors is out of his mind
… "I can once again also see the potential for value accretive, opportunistic, and synergistic M&A to strengthen these already successful niche businesses within the Embracer business segment," continued Wingefors. …
Griffin Gaming Partners launches $100M fund to support indie devs
Business Production News Griffin Gaming Partners launches $100M fund to support indie developers The Special Opportunities Fund will provide financing in exchange for revenue and will be overseen by Hooded Horse CEO Tim Bender. …
Layoffs imminent at Bungie and GTA VI still on track for November
… The move will see major franchises like Tomb Raider and Metro alongside studios such as Crystal Dynamics and Eidos-Montréal be housed within a new standalone segment called Fellowship Entertainment. …
How the Nex Playground intends to become 'as big as the Wii'
… "We have brought in a full performance marketing team who understand how to reach and segment gaming audiences. …