All articles tagged with #studio shutdowns
Originally Published 2 months ago — by The Verge
Microsoft's push for a 30% profit margin has led to increased prices, layoffs, and studio closures in the Xbox division, significantly higher than industry averages, driven by internal targets set by CFO Amy Hood to boost profitability.
Originally Published 6 months ago — by Rock Paper Shotgun
Warner Bros. Games has reorganized into four divisions focusing on Game of Thrones, Mortal Kombat, DC Universe, and an unnamed wizard game, following the closure of three studios and a shift away from live-service games, aiming to streamline development and revive key franchises.
Originally Published 1 year ago — by GamesIndustry.biz
Take-Two Interactive has sold its indie-focused publishing label, Private Division, to an undisclosed buyer as part of a strategic shift towards larger AAA and mobile projects. The sale includes all live and unreleased titles under Private Division, although Take-Two will continue supporting Moon Studios' game, No Rest for the Wicked. This move follows reports of studio shutdowns and layoffs, as Take-Two aims to concentrate on its strengths in big-budget gaming experiences.