So far in 2015, French mobile publisher Gameloft has closed seven of its development studios.
That’s according to a statement from the company’s CEO Michel Guillemot, which said that the development studios had becoming ‘unprofitable’.
These closures are part of what Guillemot describes as ‘an ambitious cost reduction program’.
It’s not clear what studios Gameloft has closed down, but there have been reports of layoffs at the firm’s Tokyo studio.
Our sister-site MCV has further details.
Tags alex-calvin closure gameloft
![ent [Industry news] Entity raises €5 million in seed funding to bring console-quality games to the ‘New Web’](https://mcvuk.com/wp-content/uploads/ent-310x165.png)
Entity, a new Irish gaming distribution startup, today announced it has completed a €5 million seed round for its next-generation gaming platform which is set to launch in early 2027. Entity has embraced the latest breakthrough web technology to create the home of console-quality games for the “new web” era. Entity is effectively replacing the need for a dedicated gaming device such as the console or PC for most games: Bringing, for the first time, instant and social game play experiences to the largest global game playing audience without the friction of downloads or installs. Entity delivers a true click and play experience for games players, anytime, anywhere and on any modern browser
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