Tag: gaming industry

Epic Games cut more than 1,000 employees and is targeting $500 million in cost reductions as CEO Tim Sweeney ties the move to declining engagement in Fortnite. Lower player frequency and session time are reducing in-game spending, creator activity, and…

Flutter Entertainment has acquired full ownership of FanDuel in a $1.76 billion deal, buying out Boyd Gaming's 5% stake and simplifying their long-term partnership. Boyd walks away with a war chest and clean balance sheet—potentially setting the stage for a…

Netflix announced Spirit Crossing, its first MMO title, during a GDC 2025 press event. Developed by in-house studio Spry Fox, the "cozy MMO" emphasizes crafting, exploration, and social features like customizable neighborhoods, and will launch later this year.

Sony is in talks to acquire Kadokawa Corporation, the Japanese media giant behind Elden Ring, Ringu, and recent Cannes premiere Kubi. The move aligns with Sony's strategy to expand its IP portfolio, which includes Crunchyroll and Aniplex. Both companies have…

Paramount Global is set to be sold to Skydance Media, aiming to bolster Paramount's weak gaming division. Skydance, with two internal game studios, could significantly enhance Paramount's gaming presence. Skydance Interactive and Skydance New Media have successful titles and high-profile…

Epic Games’ Alain Tascan is now president of Netflix's growing games division. He replaces Mike Verdu, who has moved to a new role focused on innovation. Netflix, which entered the gaming industry in November 2021, has acquired four gaming studios…

Warner Bros. Games has acquired Player First Games, the Los Angeles-based developer behind the free-to-play platform fighter videogame MultiVersus. The acquisition will see Player First Games continue under the leadership of co-founders Tony Huynh and Chris White, reporting to Warner…