financial problems Latest news

Tough Decisions at Embracer Group; Company Closes Studios and Cancels Games

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

Tough Decisions at Embracer Group; Company Closes Studios and Cancels Games
Ubisoft Had a Rough Year; Big Losses and Hundreds Laid Off

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 Had a Rough Year; Big Losses and Hundreds Laid Off
Ubisoft CEO Asks Employees to Help Keep Company Afloat

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

Ubisoft CEO Asks Employees to Help Keep Company Afloat
PS5 Keeps Selling, but Interest in Games Wanes

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

PS5 Keeps Selling, but Interest in Games Wanes

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

Opera Software in Trouble; The Company is Barely Staying Afloat [Updated]

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

Starbreeze Gets Back on its Feet; PayDay's Future Looks Better

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

Pathologic 2 Was a Financial Failure

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

AMD and Intel Will Lose on Huawei's Problems

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

Forbes Criticizes Star Citizen's Developers

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

Activision fires Chief Financial Officer. Company's shares fall

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

Layoffs at Dear Esther dev - The Chinese Room is down to three people

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

Star Citizen dev denies rumors of its financial problems