Tag

Industry News

All articles tagged with #industry news

Saros Struggles to Ignite Early PS5 Sales Despite Polished Run
industry-news12 days ago

Saros Struggles to Ignite Early PS5 Sales Despite Polished Run

Analysts estimate Sony’s PS5 exclusive Saros sold just over 300,000 copies in its first two weeks, slightly behind Returnal, despite a more approachable design and upgrades. The bigger PS5 install base and stiff competition from back catalogs and new hits appear to be dampening momentum, though Saros shows a higher completion rate among top players. Sony has not released updated figures for other first‑party titles, raising questions about how to grow the platform’s audience amid rising development costs.

Bungie Bet Backfires as Marathon Struggles Drive Sony Losses
industry-news18 days ago

Bungie Bet Backfires as Marathon Struggles Drive Sony Losses

Sony booked a $560 million impairment in Q4 2025 tied to its Bungie acquisition, pushing the full-year Bungie deal losses to about $765 million and signaling potential further charges in 2026, while Bungie’s Marathon launches but fails to gain traction (low Steam activity and ongoing layoffs/leadership changes) — prompting talk of aggressive moves like price cuts or a free-trial weekend to revive the title.

Meghan Markle Accused of Dominating Netflix Meetings, Sparking Exit Tensions
industry-news2 months ago

Meghan Markle Accused of Dominating Netflix Meetings, Sparking Exit Tensions

Variety cites insiders claiming Meghan Markle would interrupt or recast Prince Harry’s input in Netflix meetings during their five-year deal, sometimes signaling interruptions with a touch; Netflix canceled Meghan’s With Love after two seasons, and sources say Ted Sarandos grew frustrated with the arrangement. Meghan’s lawyer and Harry call the allegations misogynistic and false, while Netflix says the reporting is inaccurate; the piece notes the couple later moved to a first-look deal as their Netflix relationship evolved.

Melania Doc Producer Fires Back at Music-Use Allegations
industry-news3 months ago

Melania Doc Producer Fires Back at Music-Use Allegations

Marc Beckman, a longtime adviser and producer of Melania Trump’s documentary, rejected claims that the film used Phantom Thread’s score without authorization, saying Universal did consult the composer and that legally binding contracts authorize the music. He called the accusations a “blatant lie” and said the film followed proper protocol and compensated artists, while the piece also notes the film’s ongoing controversy and soft box-office performance.

Meta Halts New Content for Supernatural VR Fitness
industry-news4 months ago

Meta Halts New Content for Supernatural VR Fitness

Meta announced that its VR fitness app Supernatural will stop receiving any new content or feature updates, though existing workouts remain accessible and users can still interact with past coaches. The move has sparked concern among users about lost coaches and licensing, with Meta directing questions to support; the company later clarified that current content will continue to be available.

American College Theatre Festival Ends Ties with Kennedy Center, Continues Independently
industry-news5 months ago

American College Theatre Festival Ends Ties with Kennedy Center, Continues Independently

The American College Theatre Festival has ended its 58-year partnership with the Kennedy Center, citing irreconcilable differences, amid recent controversies including the Kennedy Center's proposed renaming after Donald Trump. The festival will continue independently, maintaining its regional conferences and commitment to promoting diverse college theatre work.

Broadway Musicians and Actors Avoid Strike with New Agreements
industry-news7 months ago

Broadway Musicians and Actors Avoid Strike with New Agreements

Broadway actors will receive a 3% annual pay increase over three years under a new contract, which also includes improved health benefits, paid personal days, and limits on consecutive workdays, following negotiations between Actors' Equity and the Broadway League. The contract is subject to member approval by October 30, with potential retroactive pay increases and other industry improvements.

Broadway Musicians Reach Deal, Averting Strike
industry-news7 months ago

Broadway Musicians Reach Deal, Averting Strike

U.S. Senators, including Kirsten Gillibrand, Cory Booker, and Andy Kim, are urging the Broadway League and Local 802 to negotiate in good faith to prevent a potential Broadway musicians' strike, which could significantly impact the theatre industry and local economy. The union's contract expired in August, and negotiations are ongoing, with a strike possible if an agreement isn't reached by October 23. The situation has garnered political and public attention, emphasizing the importance of a fair resolution to avoid widespread disruptions.

Broadway Musicians Threaten Immediate Strike Amid Contract Deadlock
industry-news7 months ago

Broadway Musicians Threaten Immediate Strike Amid Contract Deadlock

Broadway musicians union Local 802 AFM has threatened to strike on October 23 if they do not reach a new contract with the Broadway League, citing issues like wages, healthcare, and job security, which could lead to many shows going dark. The union has authorized a strike with 98% approval, and negotiations are scheduled to continue with potential for broader impact if actors' union also strikes in solidarity.