Gaming Industry
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IO Interactive has confirmed layoffs after a partnership tied to Project Fantasy came to an end, forcing the studio to adjust its short-term plans while insisting that the game itself remains in development. The company shared the news directly with its community, describing the decision as a difficult but necessary response to changing circumstances around…
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Developers working on Magic: The Gathering Arena have officially secured union representation after a successful election, marking a major labor milestone for the team behind the digital card game. The group, known as United Wizards of the Coast – CWA, had previously announced that workers voted in favor of unionizing earlier in the year. With…
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A new report suggests Microsoft may have already decided to part ways with Ninja Theory before the studio publicly revealed its next game, Senua, during the recent Xbox Games Showcase. The claim adds a sharper edge to ongoing concerns about Xbox studio restructuring, especially after reports surfaced that several teams could be shut down, spun…
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Microsoft is reportedly considering major changes across its Xbox studio network, with Double Fine, Ninja Theory, and Compulsion Games said to be among the teams facing possible closure or spin-off discussions. The reported moves come as the company pushes for another internal reset of its gaming division after years marked by layoffs, project cancellations, and…
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Krafton has reportedly agreed to pay up to $250 million in earnout bonuses to the developers at Unknown Worlds after Subnautica 2 posted strong early sales. The reported decision marks a major turning point in a dispute that had become one of the most closely watched business conflicts surrounding a high-profile game launch this year.…
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April 2026 delivered another strong month for the US video game business, with new industry data showing that consumer spending continued to climb after an already healthy March. Overall spending in the US reached $4.3 billion for the month, marking a 3% increase compared to April of last year. The biggest headline from the latest…
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Embracer Group says it is taking a new approach to some of its best-known game properties by exploring outside partnerships that could help revive long-dormant series. The company revealed the plan as part of a broader restructuring effort tied to the creation of Fellowship Entertainment, a new business unit focused on growing major entertainment brands…
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Amazon has officially confirmed that its planned massively multiplayer online game set in the world of The Lord of the Rings has been canceled. While reports had already suggested the project was effectively dead following major layoffs and internal restructuring, the company has now made it clear that this version of the game is no…
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eBay has formally turned down GameStop CEO Ryan Cohen’s massive bid to acquire the company, dismissing the proposal after a review by its board and outside advisors. The rejected offer, valued at roughly $56 billion, would have combined the online marketplace giant with the video game retailer in one of the most surprising proposed deals…
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Epic Games, recognized predominantly for developing acclaimed titles such as Fortnite and the Unreal Engine, has made the disconcerting decision to release more than 1,000 of its employees. The company’s CEO, Tim Sweeney, has gone on record attributing these changes to the lackluster engagement from Fortnite’s player base. In an ironic twist, the very game…
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The gaming industry mourns the passing of gaming legend Shutaro Iida, who left us aged 52 on February 10, 2026, after a brave battle with pancreatic cancer. His family revealed the distressing news following a brief period of private grief, in a joint declaration with Koji “IGA” Igarashi. Iida’s career in the gaming industry was…