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Silence from Sony, Remedy, other studios could worsen harassment campaign

Game Developer

Rachel Kowert of Take This breaks down how extremist groups take advantage of the reluctance of some companies to stand up to online harassment.

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Microsoft's mystifying mismanagement | This Week in Business

GamesIndustry.biz

The big news this week was Microsoft taking an axe to the ZeniMax studio system , shutting down Hi-Fi Rush developer Tango Gameworks, Redfall studio Arkane Austin, and Mighty Doom maker Alpha Dog Studios. People often associate layoffs with a struggling company that must get rid of people because it doesn't have the money to pay them anymore.

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Take-Two laying off 5% of staff

GamesIndustry.biz

Take-Two Interactive is embarking on another cost cutting program, and this one will see the company layoff about 5% of its employees by the end of the year. "As In its latest annual report, Take-Two reported having 11,580 full-time employees, which would put the layoffs at approximately 580 people. Read more

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Take-Two confirms no Grand Theft Auto 6 in current fiscal year

GamesIndustry.biz

Take-Two today released its financial results for its fourth fiscal quarter, covering the three months ended March 31, narrowing the Grand Theft Auto 6 release window while taking a massive loss thanks largely to goodwill impairment and restructuring charges.

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Following a disappointing yard sale Embracer is now splitting the company

PreMortem.Games

This week Embracer announced that it is going to split into three separate publicly-listed game companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. Following a disappointing yard sale, it is now splitting the company to alleviate the debt load and restructure its financing.

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Summer Game Fest 2024 partner lineup revealed

GamesIndustry.biz

As revealed on Thursday , 55 companies will be taking part in the two-hour showcase to be held on June 7, 2024, including Xbox and PlayStation, alongside publishers such as Epic Games, Electronic Arts, Bandai Namco, Capcom, Sega, WB Games, and Ubisoft. Summer Game Fest has announced its first round of partners for this year's event.

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Take-Two reportedly closing its Seattle office

GamesIndustry.biz

Take-Two appears to be preparing to close its Seattle office this summer, likely as part of the recently announced layoffs across the company. GamesIndustry.biz has seen a Worker Adjustment and Retaining Notification (WARN) filed in Washington State, that indicates the Seattle branch will shut down and 70 workers will be affected.

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