The Embracer Group announced a huge restructuring program that includes closing studios and canceling games. Crystal Dynamics is unaffected.
Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.
The stock mark is what makes Microsoft remarkable, They have convinced every institutional and retail investor to just keep piling money into them. Like many big tech giants they are just a big growing pyramid scheme. As long as people keep dropping money into ETF's that cover the market Microsoft will always be liquid. At the same time it is completely stifling innovation and competition. People need to start being more discreet in how they invest their money as it's killing the system.
Riiiiight because people will just flock back to them for one or two games per year.
15+ years of bad performance is what they call irreparable in business. It is time for them to sell off the assets and get out of entertainment.
These declines are on the back of extra revenue received from releasing games like Forza horizon 5 on PlayStation. So I’m being sarcastic here when I said they should go back to exclusives. Killing off a revenue stream from Ps5 sales will only make things worse
Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.
What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.
We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.
If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."
Today, Koei Tecmo announced its financial results for the full fiscal year 2025, related to the period between April 2025 and March 2026.
Those guys just bought a gazillion studios/IP and now they have to close/cancel a lot of these. That's what happens when you flash your checkbook around but you don't even know what to do with the things you just bought. Reminds me of a certain american company...👀
This what happens when you eat things evenly you know what happens at the end lol.
I really wished MS bought Crystal Dynamics. I hate that they're owned by this company. They clearly don't know what they are doing.
I hope that folks now understand why Square Enix sold all these studios for cheap. Paying developers is expensive. Glad to see Crystal Dynamix intact. “Guardians of the Galaxy” was a triumph.
All companies will be affected in some way from this restructure - including the internal teams at CD
Department personal will be laid off based on internal budgets