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Nalezeno "Business finance": 285

This Is What It Looks Like When A Massive Video Game Publisher Messes Up

16.11.2023
This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and closing studios as it reckons with deals that...

Persona 5 Publisher Raises Salaries Amid Industry-Wide Layoffs

15.11.2023
Developer-publisher Atlus is reportedly raising the annual salaries of its Japanese staff by 15 percent, a move that is the total opposite of what’s been happening across the U.S. labor market (and the games industry specifically) for months now.Read more

A Terrible Year For Games Media Just Got A Little Better

7.11.2023
So many great video game websites have died, it’s nice to finally see some new ones being born. The latest is called Aftermath, a subscriber-funded venture by former Kotaku staffers. Full disclosure: I worked with all of these people for years and they are amazing.Read more

Tears Of The Kingdom Sales Prove Open-World Zelda Is Here To Stay

7.11.2023
Link’s latest adventure, The Legend of Zelda: Tears of the Kingdom, has already proven to be a massive success for Nintendo. The company announced in its November 7 earnings report that the open-world adventure game has sold nearly 20 million copies.Read more

Epic Games Admits In Court That Its PC Store Still Isn't Profitable

7.11.2023
On Monday, during the first day of the Epic v. Google legal showdown over app store fees, both companies gave their opening statements and began poking at each other’s witnesses. And during the day, Epic admitted that its digital PC game store still isn’t profitable. Read more

Epic Games' Messy Bandcamp Sale Ends With Mass Layoffs

16.10.2023
“Music is healing,” the late musician Prince once said. Bandcamp co-founder Ethan Diamond told NPR in 2020 that the point of the independent digital music platform he was building was to bring that power of healing to everyone. Many current Bandcamp employees are going to need it. Epic Games, which...

Sony Raising Price Of All-Digital PS5 By $50

10.10.2023
Sony revealed the long-rumored “slim” models for the PlayStation 5, and while they are a lot lighter than the existing consoles, the specs haven’t really changed. What has changed is the price, however. The company announced the new all-digital PS5 will be priced at $450 instead of $400.Read more

One Of Gaming's Most Hated CEOs Says Goodbye, Again

10.10.2023
CEO John Riccitiello has retired from game development software company Unity after possibly its worst month of bad headlines ever. The tech company that’s slowly morphed into an in-game advertising firm announced a confusing and seemingly predatory new set of fees for game makers in September...

CD Projekt Red Spent Over $120 Million Saving Cyberpunk 2077’s Reputation

6.10.2023
Cyberpunk 2077’s highly acclaimed and massive expansion, Phantom Liberty, almost feels like its own game. That’s probably because the developers behind the expansion spent over $60 million on developing Phantom Liberty and $21 million on marketing it, bringing the total cost of producing the DLC...

Sony Suffers Two Hacks In Four Months, Thousands Of Employees' Info Exposed

5.10.2023
A week after an extortion group called Ransomed.vc claimed to have hacked into Sony’s systems and stolen 3.14GB of data, the company has admitted to a second security breach. This one occurred back in May and involved the personal data of nearly 6,791 current and former employees.Read more

A New Spider-Man 2 PS5 Bundle Is Coming

2.10.2023
Sony is preparing to sell a Spider-Man 2 PlayStation 5 bundle that will include a digital download for the game, presumably at a discount, as it ramps up plans to try and sell a record-breaking 25 million consoles this year. The company is already giving away free copies of older games to...

Payday 3 Devs Swear Matchmaking Is Fixed Ahead Of Big Update

2.10.2023
After a terrible launch week riddled with error messages, Payday 3 maker Starbreeze Studios says the matchmaking issues have finally been fixed. The promises come ahead of the heist shooter’s first big patch planned for early October. Read more

Epic Games Cutting 870 Jobs, 16 Percent Of Its Workforce

28.9.2023
Epic Games Inc., the company behind global megahit Fortnite, the Epic Games Store, and the wildly popular Unreal Engine, is laying off 16 percent of its current workforce. This report, first coming from Bloomberg’s Jason Schreier, sees almost 900 employees losing their jobs.Read more

PlayStation Boss Jim Ryan Is Retiring

28.9.2023
The head of PlayStation is stepping down, Sony announced in a press release today. Jim Ryan, Sony Interactive Entertainment’s CEO, is retiring after just four years on the job. The massive shakeup in leadership comes as the PlayStation 5 breaks sales records as Sony has doubled-down on prestige...

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