business2cfinance
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Blockbuster Game Development Costs Are Out Of Control
1The production of big-budget games has felt unsustainable for a while now, and all evidence points to major blockbusters only getting more expensive in the years to come. Testimony in the regulatory fight over Microsoft’s acquisition of Activision Blizzard shows that game publishers are spending more than ever to make new entries in their biggest…
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Microsoft Is Struggling To Sell Xboxes, Again
Two years in, Microsoft’s Xbox Series X/S is already losing steam. The tech giant reported on Tuesday that revenue from console hardware sales was down 30 per cent from the same time in 2022 after big games like Starfield got delayed. Game Pass didn’t seem to be making up the difference.
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Snoop Dogg Bails As Faze Clan Circles The Drain
Faze Clan, which as recently as last year seemed an unstoppable cultural force for the genre of dudes who both play video games and aspire to own lambos, is in trouble. As we’ve reported, the clan’s decision to go public has been a disaster, with their shares now practically worthless, but as bad as things…
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EA Lays Off Almost 800 People Weeks After Posting Huge Profits
Publishing giant Electronic Arts announced today that approximately 6% of its global workforce, or between 700-800 people, will be laid off as the company drives “greater focus across our portfolio”.