2026-01-14
Sooo....that's a wrap on VR gaming? PlayStation gave up already Meta closing all its first party VR studios Not looking great huh
The Verge
As part of its Reality Labs cuts, Meta is closing three VR gaming studios and will stop developing new content and features for its VR fitness app Supernatural
Developers from Twisted Pixel Games and Sanzaru Games have posted about their studios being closed down.
2024-08-24
The Black Myth: Wukong guidelines for content creators have apparently leaked online. Streamers who agree to use a game key are not allowed to include politics, feminist propaganda, China's game industry policies or trigger words as COVID-19 & quarantine. https://www.resetera.com/... [image]
Wired
Some streamers say the Chinese game studio behind Black Myth: Wukong told them to avoid topics like “feminist propaganda” as part of an early access agreement
Megan Farokhmanesh / Wired :
2024-04-22
Embracer Group announces its intention to transform into three standalone publicly listed entities: Asmodee Group, Coffee Stain & Friends and Middle-Earth Enterprises & Friends. https://embracer.com/... [image]
Bloomberg
Swedish game developer Embracer Group plans to split into three publicly traded companies, focused on tabletop, indie, and AAA games; EMBRAC-B.ST jumps 5%+
- Embracer shareholders to get stock in new firms as dividend — Includes €900 million refinancing and new ownership structure
2024-02-09
According to this Take-Two IR slide the total install base for GEN 9 consoles was 77 million units as of Dec 31, 2023. Sony announced 50m PlayStation 5 sold (shipped?) on Dec 20, 2023, so that would put Xbox Series X|S at roughly 26m-27m sold. [image]
VentureBeat
Take-Two reports Q3 net bookings down 3% YoY to $1.34B, net revenue down 3% YoY to $1.37B, and plans cost reductions “more robust” than in 2023; TTWO drops 9%+
Dean Takahashi / VentureBeat :
2023-11-17
Embracer Group' restructering program has cost over 900 people their jobs as of September 30. This is about 5% of its total workforce. Embracer also mentions “discontinuing a number of studios”, and reducing the number of projects in several studios. [image]
Variety
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs that impacted ~900 staff, or 5% of its workforce, and 36 fewer games in development than in Q2 2022
and Warns of More to Come Derek Strickland / TweakTown : Embracer likely to cancel more games to reduce expenses, may shy away from external projects X: Rim / @rim_aj : An estimate...
Embracer Group Q2 2023 Earnings Net Sales: $1.02B +13% YoY EBIT: -$79.2m -281% YoY - Organic growth down 2%, primarly due to PC/Console sales. - Remnant II sold over 2m units - Payday 3 had mixed reception but recouped development cost in Q2 - Closed 10 studios and 904 layoffs [image]
Variety
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs that impacted ~900 staff, or 5% of its workforce, and 36 fewer games in development than in Q2 2022
and Warns of More to Come Derek Strickland / TweakTown : Embracer likely to cancel more games to reduce expenses, may shy away from external projects X: Rim / @rim_aj : An estimate...
2023-11-16
Embracer Group' restructering program has cost over 900 people their jobs as of September 30. This is about 5% of its total workforce. Embracer also mentions “discontinuing a number of studios”, and reducing the number of projects in several studios. [image]
Variety
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs impacted 900 employees, or 5% of its workforce, and 36 fewer games are in development than Q2 2022
“Lord of the Rings” owner Embracer Group has reported a 13% increase in net sales year-on-year in Q2, in part thanks to its intensive restructuring program.
Embracer Group Q2 2023 Earnings Net Sales: $1.02B +13% YoY EBIT: -$79.2m -281% YoY - Organic growth down 2%, primarly due to PC/Console sales. - Remnant II sold over 2m units - Payday 3 had mixed reception but recouped development cost in Q2 - Closed 10 studios and 904 layoffs [image]
Variety
Embracer reports Q2 net sales up 13% YoY to ~$1B, layoffs impacted 900 employees, or 5% of its workforce, and 36 fewer games are in development than Q2 2022
“Lord of the Rings” owner Embracer Group has reported a 13% increase in net sales year-on-year in Q2, in part thanks to its intensive restructuring program.
2023-08-09
🧵Sony PlayStation FY23 Q1 Earnings Net Sales: $4.91B +28% YoY Operating Income: $313.3m -7% YoY - Shipped 3.3m PS5 (+0.9m YoY); 41.7m LTD - Shipped 56.5m software, of which 6.6m 1P (+8.4m YoY, 1P sales flat) - “Changes in launch dates of a portion of first party titles” [image]
CNBC
Sony reports Q1 revenue up 33% YoY to $20.7B, PS5 sales up 38% YoY to 3.3M, operating income down 31% YoY to ~$782M, and expects to sell 25M PS5s by March 2024
Sony on Wednesday reported a 31% fall in profit in the first fiscal quarter as its life insurance unit dragged on its bottom line …
Take-Two FY24 Q1 Earnings Revenue: $1.28B +16.5% YoY Net Loss: $206m ($104m Net Loss in FY23 Q1) - Net revenue from recurrent spending grew 29% YoY and accounted for 83% of total revenue - Reiterated forecasted FY24 net bookings of $5.45-$5.55B - 52 games planned through FY26 [image]
Bloomberg
Take-Two reports Q1 net revenue up 17% YoY to $1.28B, net bookings up 20% YoY to $1.2B, and forecasts $8B in bookings for the next fiscal year, hinting at GTA 6
Take-Two Interactive Software Inc., the company behind video games like Grand Theft Auto, rose in extended trading …
2023-05-25
Embracer Group as of March 2023 - Over 850 owned or controlled IPs - 138 internal development studios in 40 countries - 12 operative groups - 16.601 employees - 221 games in the pipeline - Strong presence in PC/Console/Mobile/Tabletop/Movies & TV and Licensing markets [image]
Bloomberg
European gaming giant Embracer says a “groundbreaking strategic partnership” worth $2B+ collapsed and slashes its 2023 profit forecast; EMBRAC-B drops 40%+
Embracer Group FY22/23 Earnings Net Sales: $3.55B +121% YoY EBIT: $18.3m (-$106.2m in FY21/22) - Strategic partnership worth $2B over six years fell through after a verbal agreement in October 2022 - Dead Island 2 sold well over 2m units; largest launch for Deep Silver 1/3 [image]
Bloomberg
European gaming giant Embracer says a “groundbreaking strategic partnership” worth $2B+ collapsed and slashes its 2023 profit forecast; EMBRAC-B drops 40%+
2023-05-24
Embracer Group FY22/23 Earnings Net Sales: $3.55B +121% YoY EBIT: $18.3m (-$106.2m in FY21/22) - Strategic partnership worth $2B over six years fell through after a verbal agreement in October 2022 - Dead Island 2 sold well over 2m units; largest launch for Deep Silver 1/3 [image]
Bloomberg
European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+
One of Europe's largest gaming companies has slashed its profit forecast for the year after a planned partnership fell through worth …
Embracer Group as of March 2023 - Over 850 owned or controlled IPs - 138 internal development studios in 40 countries - 12 operative groups - 16.601 employees - 221 games in the pipeline - Strong presence in PC/Console/Mobile/Tabletop/Movies & TV and Licensing markets [image]
Bloomberg
European gaming giant Embracer says a “groundbreaking” partnership worth $2B+ has collapsed and lowers its financial forecasts, sending shares crashing by 40%+
One of Europe's largest gaming companies has slashed its profit forecast for the year after a planned partnership fell through worth …
2022-04-11
In a Financial Times interview Embracer Group CEO Lars Wingefors says the company “has plans to make a similar number of acquisitions in the months and years ahead.” Since the start of 2020, Embracer Group have made 62 acquisitions at a value of $8.1bn. https://www.ft.com/... https://twitter.com/...
Financial Times
A profile of Sweden-based Embracer Group, which thanks to a three-year acquisition spree became Europe's largest game developer by market cap, valued at $9.9B
Anna Gross / Financial Times :