Recent reports suggest that some third-party publishers are hesitant to continue supporting Xbox consoles due to declining sales in Europe. Chris Dring, head of GamesIndustry.biz, shared insights from GDC indicating that Xbox may be facing challenges as a hardware manufacturer. He mentioned that Xbox sales in Europe have been steadily decreasing, leading to concerns from…
Former director of a new Battlefield game, Marcus Lehto, has spoken out against EA after leaving the company and witnessing the closure of the studio he helped create. Lehto, known for co-creating the Halo franchise at Bungie, founded Ridgeline Games in Seattle in 2021. At Ridgeline, he was working on a new single-player Battlefield game….
Peter Moore, a former executive at Xbox, Sega, and Electronic Arts, believes that the future of console generations is being heavily debated within the gaming industry. The topic of console platforms has been gaining traction, especially after Microsoft’s announcement of bringing games to PlayStation 5 and Sony’s plan to have a more aggressive PC strategy…
Check out never-before-seen footage from the cancelled TimeSplitters game by Free Radical! The studio unfortunately closed down just two years after it was revived, due to company-wide cuts at Embracer and its subsidiaries. The team was hard at work on a new installment in the beloved TimeSplitters series, which hasn’t seen a release since 2005….
Electronic Arts (EA) recently announced a reorganization plan that will involve letting go of approximately 5% of its employees worldwide. The company, which had 13,400 employees as of March 2023, may be cutting around 670 jobs. In a letter to employees, EA CEO Andrew Wilson mentioned that the restructuring is aimed at optimizing the company’s…
Warner Bros. Discovery’s game Suicide Squad: Kill the Justice League didn’t meet the company’s expectations after its release on February 2 for PS5, Xbox Series X/S, and PC via Steam. The game faced delays, with an Epic Games Store release planned for March 5. During Warner Bros. Discovery’s fourth-quarter earnings call, Chief Financial Officer Gunnar…
Sony’s stock took a hit after the company revealed that PS5 sales growth has likely reached its peak. According to Bloomberg, Sony shares dropped as much as 8.4% before closing down 6.5% following the release of the company’s latest financial results. Sony had high hopes to ship a record 25 million PlayStation consoles by March,…
OpenAI CEO Seeks Trillions of Dollars to Revolutionize Semiconductor Industry Introduction Background According to a report from The Wall Street Journal, OpenAI CEO Sam Altman is actively seeking trillions of dollars in investments to address the supply and demand problem in the AI chip industry. Altman acknowledges that the limited availability of AI chips is…
Shares of Maersk Slump Amid Uncertainty in Earnings Outlook LONDON — Shares of Danish shipping giant Maersk slumped more than 14% in early trade Thursday after it flagged “high uncertainty” in its 2024 earnings outlook amid Red Sea disruptions and an oversupply of shipping vessels. The company also said that it would be suspending share…
Dreams and LittleBigPlanet Developer Media Molecule to Lay Off Staff Dreams and LittleBigPlanet developer Media Molecule is planning to lay off 15-20% of its staff, according to a new report. Sports Illustrated’s GLHF reported that Media Molecule held an internal meeting today and informed its staff about the upcoming layoffs. Around 20 out of 135…
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