Tomb Raider, LOTR rights holder Embracer cuts more staff
Embracer Group is undergoing a massive restructure after rapid expansion and a failed $2 billion deal. More than 900 people were laid off, with more cuts to come.
Source: polygon.com
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DDM: Gaming M&A activity hit $6bn during Q3
Sign up for the GI Daily here to get the biggest news straight to your inbox A new report from Digital Development Mana…
Source: gamesindustry.biz
PIF Governor to Asharq Al-Awsat: Saudi Arabia Boasts Unique Factors to Enable E-Games, Sports Globally
The e-gaming and sports sector has become one of the fastest growing in the world and a self-sufficient economy with its associated industries, according to Public International Fund (PIF) Governor Yasir Al-Rumayyan. The number of companies in this sector is increasing with the growing number of audiences and the types of devices and platforms. In an exclusive interview with Asharq Al-Awsat, Al-Rumayyan highlighted the National Gaming and Esports Strategy launched by Prince Mohammed bin Salman, Crown Prince and Prime Minister, in September 2022.
Source: aawsat.com
Embracer may close Timesplitters studio Free Radical Design - report
A report suggests that Free Radical Design's parent company, Embracer Group, may shut down the studio as part of compan…
Source: vg247.com
Microsoft may lose $120 million due to the Overwatch League shutdown
When Activision Blizzard shuts down the Overwatch League, it may cost Microsoft quite a bit.
Source: windowscentral.com