financial problems Latest news

Adam Celarek, 13 June 2023, 15:05

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.

Hubert Sledziewski, 17 May 2023, 11:32

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.

Agnes Adamus, 15 January 2023, 22:35

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.

Jacob Blazewicz, 29 July 2022, 13:42

Interest in the PlayStation 5 is not waning, but the financial results of Sony's gaming segment must be considered disappointing.

Bart Swiatek, 20 January 2020, 22:40

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.

Michael Kulakowski, 06 December 2019, 23:54

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.

Agnes Adamus, 24 August 2019, 19:29

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.

Bart Swiatek, 21 May 2019, 13:25

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.

Jacob Blazewicz, 04 May 2019, 15:13

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.

Bart Swiatek, 03 January 2019, 18:51

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.

luckie, 25 September 2017, 11:52

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.

luckie, 26 June 2017, 15:18

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.