Sony's PlayStation division, Sony Interactive Entertainment (SIE) has now acquired roughly 14% of Elden Ring studio, FromSoftware Inc..
Microsoft has 'let Blizzard be Blizzard' following the acquisition of the veteran developer according to World of Warcraft's executive producer.
Diablo 4 storefront being a cash grabbing shitshow does unironically attest to that, kudos.
Okay i will be interested if they become old Blizzard but might as well be dead.
Shame most of the people that made Blizzard what they were, have already left a while ago.
I was about to say this. How can they be blizzard when they're no longer blizzard from yesteryear?
Were you expecting Microsoft to hire everyone that had left Blizzard long before they purchased the company...
Microsoft has let the Blizzard company they purchased continue to be the Blizzard company they purchased.
Hanzala from eXputer: "With Ubisoft's practices becoming increasingly anti-consumer lately, the destruction of The Sands of Time Remake looks almost inevitable."
Hey Ubi, here's a gun, don't shoot yourself in the foot.
*Ubi takes gun, aims at foot, empties clip*
Take-Two Interactive has announced that it will lay off 5% of its workforce and cancel some of its games in an effort to increase profits.
They had a deal with netflix there were rumors of a bully remake and or port.
They also were deep into another version of gta iv like there crap gta trilogy remember all the takedowns.
It's a business tho..TakeTwo has 11,600 people, which means they let go around 600 people. There was probably a lot if bloat, but did anyone report about TakeTwo giving any "stimulus" to the employees laid off?
$35 million is being spent on severance pay. That's roughly $58,000 per employee, which probably includes continued benefits and pay after seperation. Can we get more of a report on how TakeTwo is supporting those let go?
^ That's if the averages worked out. We don't know if its like that or if a big shot got $30 million while others got dirt...
That's why we need journalists to dig in instead of these shallow news reports.
Severance is great but the problem is the industry is experiencing layoffs all over, which makes it very hard for a lot of these people to get back into a job. The issue is these companies are expecting higher revenue every year, and when they have a year where they make the same amount or a little bit less all hell breaks loose. The only silver lining I'm seeing here is that a lot of these people will go on to create smaller indie studios and hopefully create something.
There should be a law that says you can’t get rid of employees just for profits without executives taking a x % pay cut first. Encourage them to figure something else out.
100% agree! I understand layoffs are a necessity sometimes but in addition to that, yeah, the CEO should not have their bonuses paid out that year; at the very minimum.
Exactly, and I'm feeling this right now for the second time in less than 2 years. I lost my last job 3 weeks ago.
They haven't even released the game, previous game made 10000% percent profits and then layoff?
Should be canceling the casino simulator sports games, but I know it's not them. It better not affect BioShock 4 and the Borderlands games
Good move, but should have got the studio.
Tencent now owns 16%… 🤢
Hopefully they don’t ever get their hands on the rest or a majority.
EDIT: NetEase just bought Quantic Dream too…
An interesting line that may get missed by headline readers:
"FromSoftware decided to conduct the Third-Party Allotment to Sixjoy within the Tencent Group, which has strength in its capabilities to develop and deploy mobile games"
So. was this a tactical move so Microsoft would not buy Elder Rings??
Should have bought them after demon souls.