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Studios

All articles tagged with #studios

technology9 days ago•1 min saved

Microsoft Says H-1B Visas Not Behind Xbox Layoffs, Cites Studio Restructuring

Microsoft refuted claims that H-1B visas drove its Xbox layoffs, saying visa workers are a small share company-wide and the cuts are part of a broader Xbox restructuring. The plan includes separating from five studios (Double Fine and Compulsion Games becoming independent; Ninja Theory and Undead Labs being sold; Arkane under review) while id Software lost about half its headcount; 1,600 layoffs are immediate with total impacts projected around 3,200 over the next year.

via GameSpot|

#h-1b #layoffs #microsoft

business13 days ago•4 min saved

Xbox reshapes its future with layoffs and studio exits to refocus on core business

Microsoft’s Xbox is cutting 3,200 jobs and divesting five studios to refocus on its core business after bets on Game Pass and a broader content strategy left margins thinner; Compulsion Games and Double Fine will become independent, Ninja Theory and Undead Labs will seek new acquisitions or funding, and Arkane Lyon will explore strategic options. CEO Asha Sharma says the restructuring will slim management layers, address overextension and high costs, and that the company spent more than $20 billion on Xbox over five years (excluding Activision Blizzard) with aims to return to growth in 2027.

via GamesIndustry.biz|

#business #game-pass #layoffs

business14 days ago•7 min saved

Xbox Initiates Major Reset, Cutting 3,200 Jobs and Divesting Four Studios

Microsoft’s Xbox is undergoing a strategic reset, slashing about 3,200 jobs and offloading four studios—Compulsion Games, Double Fine, Ninja Theory, and Undead Labs—with Arkane Lyon potentially spun off, as CEO Asha Sharma says the business isn’t healthy and seeks cost discipline and long‑term sustainability alongside a recalibrated focus on core priorities and growth.

via CNET|

#business #game-pass #layoffs

gaming24 days ago•40 min saved

Insider: 15 Ubisoft Studios Collaborated on Assassin’s Creed Black Flag Resynced

Insider Gaming reports that Assassin’s Creed: Black Flag Resynced involved 15 Ubisoft studios (led by Singapore) across the globe, with Belgrade and Winnipeg closures and Barcelona layoffs as part of cost-cutting, and a July 9, 2026 launch target for PS5, Xbox Series X|S, and PC; budgets for the project remain undisclosed.

via Insider Gaming|

#assassins-creed #black-flag-resynced #game-development

business1 month ago•17 min saved

Directors Guild Sets Four-Year Tentative Pact With Studios

The Directors Guild of America announced a tentative four-year contract with the AMPTP after about a month of bargaining, extending the current deal to four years and awaiting review by the DGA National Board and member ratification; details will be released after the board’s review.

via Deadline|

#amptp #business #dga

business2 months ago•4 min saved

Quixote scales back LA soundstage footprint, trims staff

Hudson Pacific Properties is winding down most Quixote soundstage operations in Los Angeles and exiting Georgia and New Mexico, laying off about 70 employees across Atlanta and LA as production demand slows after a streaming-era boom. Quixote’s fleet and on-site services remain active, with Griffith Park Studios staying open for an existing tenant. The company expects roughly $21 million to $27 million in annual savings by relocating equipment to LA and New York and refocusing on core assets, amid a broader retrenchment of Hollywood’s production infrastructure.

via New York Post|

#business #california #hollywood

entertainment6 months ago•9 min saved

Disney Leads 2025 Global Box Office with Over $6 Billion

In 2025, Warner Bros. led the box office with diverse hits, Disney achieved over $6 billion globally but faced failures, Marvel struggled with its franchise, and Paramount underperformed. A24 and Universal had mixed results, with Warner Bros. making a notable comeback. Overall, family films, video game adaptations, and original ideas shaped the year's cinema landscape.

via Variety|

#2025 #box-office #entertainment

entertainment2 years ago•3 min saved

"Reviving Global Theater Audiences: Beyond Blockbusters and Espresso Machines"

At CinemaCon, industry executives discussed the need for collaboration between studios and theater chains to revitalize moviegoing post-pandemic, emphasizing the importance of sharing information and creating unique theatrical experiences. Suggestions included employing knowledgeable ushers, innovative tie-ins, and leveraging data to tailor marketing campaigns. While some markets have seen encouraging rebounds, there is a call for more focus on the international box office and a need for a consistent flow of local films to support global audiences' return to theaters.

via Deadline|

#cinemacon #entertainment #exhibitors

business-gaming2 years ago•4 min saved

Saber Interactive's $247M Split from Embracer Group Sparks Industry Attention

Embracer Group has sold Saber Interactive to Beacon Interactive for $247 million, with the potential for the price to increase. The deal will also result in Embracer ceasing operations in Russia and retaining some studios and IPs. The sale includes an option for Beacon to acquire 4A Games and Zen Studios, potentially raising the purchase price to around $500 million. The transaction includes 38 projects in development and safeguards the livelihoods of hundreds of professionals, marking the first step in Embracer's recovery plan.

via PC Gamer|

#business-gaming #embracer-group #gaming-industry

video-games2 years ago•1 min saved

"Live Service Games Dominate 95% of Studios' Development Focus"

A report from Griffin Gaming Partners reveals that 95 percent of video game studios are either developing or maintaining live service games, with 66 percent of developers agreeing that live services are crucial for long-term success. The report also highlights the contrasting production processes between traditional games and live service games, with the latter requiring constant planning and adjustments to enhance player experience. Live service developers express a preference for faster content releases, with ideal production schedules being weekly to biweekly for live ops cadences and biweekly to monthly for game content updates.

via VGChartz|

#game-development #game-industry #live-service-games

business2 years ago•1 min saved

"Amazon's Prime Video and Studios Hit by Massive Layoffs"

Amazon is laying off hundreds of employees in its Prime Video and studios business, including the MGM unit it acquired last year, as part of a broader round of job cuts that also includes 500 layoffs at Twitch.

via Bloomberg|

#amazon #business #layoffs

gaming2 years ago•1 min saved

"Nintendo Expanding Partnerships with Studios for New Game Development"

Nintendo is reportedly in talks with three studios to work on its IP, seeking new partners and studios as the next generation of Nintendo hardware approaches. The company is known for collaborating with third-party teams and is now looking to expand its roster, with some of the best exclusives during the Switch generation being developed by external studios. While details about the studios involved are scarce, the move suggests an exciting future for Nintendo's IP and potential collaborations.

via Nintendo Life|

#gaming #ip #nintendo

business2 years ago•3 min saved

Lionsgate's Studio Spin-Off from Starz in $4.6B SPAC Deal

Lionsgate has announced plans to spin off its studios business in a Special Purpose Acquisition Company (SPAC) deal, creating a separately traded public company with a $4.6 billion enterprise value. The studio business, including Lionsgate's TV production and Motion Picture Group divisions, will be combined with Screaming Eagle Acquisition Corp., led by SPAC sponsor Eagle Equity Partners. The newly merged entity, Lionsgate Studios Corp., will have a vast library of movies and television franchises as its biggest asset. The media networks business, which includes Starz and its 28 million global subscribers, will remain in the existing publicly traded company. The move aims to value the Starz and studio assets separately and allow for a potential full-spinoff in the future.

via Hollywood Reporter|

#business #hollywood #lionsgate

gaming2 years ago•1 min saved

Sony's Cost-Cutting Pressure on Studios Amid Rising Development Costs and AAA Unsustainability

Sony-owned studios were reportedly pressured to make staff cuts due to rising development costs, as revealed by data stolen from Spider-Man 2 developer Insomniac. This sheds light on the challenges faced by triple-A game development. Additionally, the creator of Five Nights at Freddy's has pulled an official Roblox game based on the indie horror hit, citing its release as a major mistake.

via IGN|

#development-costs #gaming #sony

entertainment2 years ago•2 min saved

"Unveiling the Musical Marketing Mystery: Why Are Studios Hesitant to Promote Musicals as Musicals?"

Studios are hesitant to market movie musicals explicitly as such, fearing that the term "musical" may turn off audiences. The success of films like Frozen, which became known for its songs after release, has led studios to downplay the musical elements in marketing campaigns. Despite recent disappointments like West Side Story and In the Heights, Hollywood remains committed to the genre, with upcoming projects like The Color Purple and the two-part Wicked movie.

via Hollywood Reporter|

#box-office #entertainment #hollywood