Chinese video game company NetEase has reportedly laid off most staff at Visions of Mana developer Ouka Studios with plans to shut it down altogether.
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
The charity event will be streamed live from Gamescom in August.
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."
Damn. Picked it up yesterday, really enjoying it. Didn't even realise Netease were involved with it until I first booted it up and their logo popped up.
How awful. What should have been a moment of celebration for the dev team, turned into an terrible day for them.
"The game that you spent years of your life on is finally out for people to enjoy! ALSO YOU'RE ALL FIRED!"
F you NetEase. I'll only remember your company name so that I can avoid it in the future. Hopefully S-E hires the these talented people and gives them more games to work on.
Lame. I just bought the game but have it held at the post office since I’m out of town.
Why not let the game have a chance in the wild before shutting them down.
Well fuck you too, NetEase.
Wow... Okay... I'm going to go out of my way in trying to avoid purchasing any NetEase game from this point on. It's one thing to shut them down if the game failed on sales. But this hasn't even had a chance to sell yet.