… Many have placed blame on Sony for pulling the plug on Bungie's genre-defining looter shooter following its $3.6 billion acquisition of the studio in 2022. …
Embracer CEO Phil Rogers didn't win himself many new fans when he said a few years ago that the company's slash-and-burn restructuring, the result of years of hand-over-fist acquisitions that, whoops , it couldn't really afford, was " how we win ." This was when Rogers was still Embracer's interim … …
… In 2025, Trump interfered in Netflix's planned acquisition of Warner Bros. …
… That is to say, if I own a videogame studio and record its value at $50 million, but someone reveals the Videogame-Bot 5000, which can develop games in a quarter of the time, my studio would suffer an impairment loss—that change in the conditions of the market and production would mean my $50 milli… …
… Krafton initially claimed the studio's leaders were trying to rush the game out before it was ready in order to cash in, and then shifted gears to claim they'd "abandoned" their jobs and absconded with confidential company data. …
… All those things." So far, IO Interactive hasn't commented on the situation—I've reached out to the studio to ask how it feels about the whole thing, and will update if I receive a reply. …
… On Wednesday, an open letter to Xbox employees titled "Xbox Reset" warned that the business is "currently unable to make as many consoles as players want to buy," and that the company "over extended" in its studio acquisition spree over the last few years. …
… But as the fallout of Sony's troubled 2022 acquisition of Bungie compounded, causing continued layoffs and studio turmoil as Bungie's new owners were left footing the bill for damage dealt by years of misguided leadership under its former CEO and vintage car enthusiast Pete Parsons, Xivu Arath's ti… …
… By Mollie Taylor Published 18 April 24 Podcasts Podcast PC Gamer Chat Log Episode 56: Our white whale games By Mollie Taylor Published 11 April 24 Podcasts Podcast PC Gamer Chat Log Episode 55: Returning to our childhood By Mollie Taylor Published 4 April 24 Podcasts More about Gaming Industry News…
… He also began his career in videogames at Bullfrog, before working as lead AI programmer on Lionhead's Black & White, and founding his own developer, Elixir Studios which made Republic: The Revolution and Evil Genius . …