Sony reports a $765M impairment loss due to Marathon developer Bungie's underperformance during its FY ending March 31, 2026; Sony acquired Bungie in early 2022
Extracting value. — Sony has reported a $765 million impairment loss due to underperformance of Marathon developer Bungie during its last financial year.
Sony reports a $765M impairment loss due to Marathon developer Bungie's underperformance during its FY ending March 31, 2026; Sony acquired Bungie in early 2022
Extracting value. — Sony has reported a $765 million impairment loss due to underperformance of Marathon developer Bungie during its last financial year.
Sources: Bungie fired Chris Barrett, a former top executive, in March 2024 after he was accused by several female employees of inappropriate behavior
Veteran developer who worked on hit video game franchises Halo and Destiny was directing the next major title, Marathon.
A look at Bungie's future after it laid off 220 staffers, as current and former employees say it grew too fast and tried to develop too many projects at once
1. ZIRP + COVID led to tech companies over-hiring and then trying to do too many things at once. — 2. There is too much competition across streaming & gaming while costs have gone up as games chase ...
Bungie says it will lay off 220 employees, or 17% of its workforce, and integrate an additional 155 roles into its parent company Sony Interactive Entertainment
The New Path for Bungie has Bungie's announcement of “difficult changes … X: Jason Schreier / @jasonschreier : Sony's Bungie is shrinking from 1,300 people to 850: - 220 laid off - 155 moving to Sony ...
A US jury finds that Phoenix Digital, which owns the cheat mod site AimJunkies, is guilty of violating Bungie copyrights when it created cheats for Destiny 2
and whether accessing and using those to create cheats is copyright infringement. https://www.polygon.com/... Stephen Totilo / @stephentotilo : NEW: What just might be the first-ever video game cheati...
A US jury finds that Phoenix Digital, which owns the cheat mod site AimJunkies, is guilty of violating Bungie copyrights when it created cheats for Destiny 2
The landmark decision may be the first time a jury has agreed that a cheat creator violated a gaming company's copyrights.
Sources: Bungie's recent layoffs came alongside a scramble to avoid a total Sony takeover, which could happen if Bungie doesn't meet certain financial goals
The Destiny 2 and Marathon developer may not be able to cling to the last of its independence forever.
Sources: Sony's Bungie cut ~100 jobs out of ~1,200 after executives said revenue was 45% below projections for the year, citing a drop in Destiny 2's popularity
- Sales at studio were running 45% below projections for year — Layoffs are part of a bigger revamp at Sony PlayStation unit
Sony acquires Firewalk Studios, an AAA multiplayer developer working on a live service PS5 and PC game and now the 20th developer to join PlayStation Studios
https://www.firewalkstudios.com/ Tweets: @playstation : Great news: @FirewalkStudios is joining the PlayStation Studios family! Learn more about this talented team and their plan to connect players in...