division

Warner Bros Discovery says its gaming division is 'significantly underperforming'

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Warner Bros Discovery takes “another $100+ million cut” due to “underperforming” MultiVersus. In its latest financial call, VGC reports, CEO David Zaslav told investors that its gaming business is “significantly underperforming its potential” despite “four strong and profitable gaming franchises with loyal, global followings”: Hogwarts Legacy, Mortal Kombat, Game of Thrones. and DC, “especially” Batman. … Read more

Zelnick on the sale of Private Division: “Those projects were smaller, we are making big hits”

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Take-Two Interactive has confirmed the sale of Private Division for an undisclosed sum as it exits the indie-focused label to focus on bigger projects. In statements alongside the publisher's latest financial results, the company confirmed that another party has acquired not only the Private Division brand, but also all of its live and unreleased titles. … Read more

Meta's AR/VR Reality Labs division posts another loss of $4.4 billion

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Meta reported its third-quarter results today, posting a $4.4 billion loss in its AR/VR Reality Labs division. It's the segment's third reported loss of the year, with Reality Labs posting a $3.8 billion loss in the first quarter and a $4.5 billion loss in the second. For its Reality Labs business, Meta said third-quarter revenue … Read more

Microids is launching a new third-party publishing division in collaboration with Kwalee

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Microids has launched a new third-party publishing division, strengthening its international partnerships with a new collaboration with Kwalee on Fallen Tree Games Limited's new The Precinct. Microids says this third-party division “consists of seven people, all of whom are already part of our in-house staff specializing in editorial, sourcing and publishing” and is separate from … Read more

Microsoft to lay off another 650 employees from the gaming division

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Microsoft has announced another layoff affecting 650 employees in its gaming division. As reported by IGN, Xbox boss Phil Spencer said in a memo to employees that the layoffs will mainly affect its corporate and support sectors. He clarified that “no games, devices or experiences” are being canceled and there is no studio closure. Spencer … Read more