financial problems Latest news
Tough Decisions at Embracer Group; Company Closes Studios and Cancels Games
Embracer Group, one of the gaming industry's largest corporations, has announced changes to the business it runs. The restructuring is expected to entail serious consequences.
video games
Adam Celarek
June 13, 2023
Ubisoft Had a Rough Year; Big Losses and Hundreds Laid Off
Ubisoft's dismal financial situation has caused more than 700 people to lose their jobs. However, the French company sees a chance to get even in the near future. Titles such as Assassin's Creed: Mirage are expected to help.
video games
Hubert Sledziewski
May 17, 2023
Ubisoft CEO Asks Employees to Help Keep Company Afloat
Yves Guillemot, Ubisoft's CEO, has sent an email to employees asking them to cut the company's spending and help it get back on its feet.
video games
Agnes Adamus
January 15, 2023
PS5 Keeps Selling, but Interest in Games Wanes
Interest in the PlayStation 5 is not waning, but the financial results of Sony's gaming segment must be considered disappointing.
hardware & software
Jacob Blazewicz
July 29, 2022
Opera Software in Trouble; The Company is Barely Staying Afloat [Updated]
Opera Software, the company best known for developing the popular web browser, is in serious trouble. The problems are caused by the actions of the company's president, Yahui Zhou, dubious practices related to loan applications and Opera's shrinking shares on the browser market.
hardware & software
Bart Swiatek
January 20, 2020
Starbreeze Gets Back on its Feet; PayDay's Future Looks Better
Starbreeze, developer of the PayDay series, has confirmed that it got back on its feet being close to bankruptcy at the end of last year. The future of the present and future game from the PayDay franchise is therefore secured, at least for the time being.
video games
Michael Kulakowski
December 6, 2019
Pathologic 2 Was a Financial Failure
In May, Pathologic 2 - a remake of the action-adventure game released in 2005 - hit the stores. It turns out that the game has sold poorly. In an interview for DTF, Ice-Pick Lodge admitted that a number of its employees have been laid off and plans for further development of the series had been postponed indefinitely.
video games
Agnes Adamus
August 24, 2019
AMD and Intel Will Lose on Huawei's Problems
Goldman Sachs' analysts presented a list of American companies that will be affected by the ban on trade with the Chinese company Huawei. The list includes many entities associated with our industry, such as AMD, Intel, Microsoft or Nvidia.
hardware & software
Bart Swiatek
May 21, 2019
Forbes Criticizes Star Citizen's Developers
Forbes magazine has published an article about development of Star Citizen. The feature shows that the production of the game is not going well, and Cloud Imperium Games may run out of money soon. The reason for this is the "incompetence and poor management" of the project by Chris Roberts, who is wasting his time and resources in his studio.
video games
Jacob Blazewicz
May 4, 2019
Activision fires Chief Financial Officer. Company's shares fall
Activision Blizzard announced in a statement issued to the U.S. Securities and Exchange Commission that it will dismiss its financial director, Spencer Neumann. The dismissal is not related to the company's financial performance.
video games
Bart Swiatek
January 3, 2019
Layoffs at Dear Esther dev - The Chinese Room is down to three people
The developer of Dear Esther and Everybody’s Gone to the Rapture decided to lay off most of its team. The studio, which is now down to three people, is taking a creative break.
video games
September 25, 2017
Star Citizen dev denies rumors of its financial problems
The recent loan taken by Cloud Imperium Games UK is not a result of Star Citizen dev's alleged financial problems, the company explains, but a smart business move.
video games
June 26, 2017