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Despite the layoffs, studio closures, and cancellations of video game projects, as well as high inflation, the video game market continues to remain robust. [165] Many investors and industry analysts believe that the video game industry will fully recover in 2025 with major releases like Grand Theft Auto VI , Monster Hunter Wilds , Ghost of ...
According to IDC, mobile game revenue shot up 32.8% to $99.9 billion in 2020, while digital PC and Mac game spending jumped 7.4% to 35.6 billion. Home console game spending, meanwhile, soared 33.9 ...
Take-Two Interactive Software Inc (NASDAQ:TTWO), the maker of the Grand Theft Auto franchise, plans to close two subsidiaries, Roll7 and Intercept Games, as part of mass layoffs. Roll7, based in ...
Airtight Games was an American independent video game developer based in Redmond founded in 2004. It was made up of former members of FASA Studio , Will Vinton Studios and Microsoft , as well as several other studios, with key members included president and creative director Jim Deal, art director Matt Brunner, and co-founder Ed Fries.
The game released in August 2017 to mixed reviews and poor sales. [39] [40] As a result, about 30 positions, including Cermak, were cut from the studio's previously 200-people-strong workforce. [40] Jim Boone, who had been part of Parallax in 1994, succeeded Cermak as studio development director in October. [41]
This round of layoffs come after a brutal 14 months in the video game industry. Thousands of jobs were cut in the video game sector in 2023, with industry estimates suggesting roughly 6,500 video ...
They also collaborated with Valve on the You Monster! expansion pack for Defense Grid which features the character GLaDOS from the Portal video game series. In March 2021, it was announced that Hidden Path was developing "a AAA , third-person, open-world" Dungeons & Dragons game with Whitney "Strix" Beltrán as the narrative director .
(Reuters) -Videogame software provider Unity Software will target laying off approximately 25% of its workforce, or 1,800 jobs, the company said in a regulatory filing and internal company memo on ...