MCV/DEVELOP News, events, research and jobs from the games industry
Square Enix has drastically revised its predicted losses for the fiscal year ending March 31st. Describing the change as ‘extraordinary’, the company has increased its forecasted loss from YEN 1bn to YEN 12bn (around 90m). Sales and income are expected to come in slighty below expectations, too. The change was …
Read More »Job losses at Crytek Budapest
Over thirty staff at Crytek Budapest will be made redundant after E3, according to reports. It is said that nine people have already lost their jobs at the Hungarian dev outfit. Avni Yerli, co-founder of the Crysis 2 company, confirmed to Gamasutra that the Budapest studio is getting a new …
Read More »Disney confirms Black Rock job losses
Redundancies have been issued to a number of developers at Brighton studio Black Rock, Disney has told Develop. In a statement the firm said "Disney Interactive Studios confirms a reduction of its workforce from the Brighton-based internal game development studio, Black Rock Studios." The company did not state how many …
Read More »EA slashes losses with strong Q4
Publisher EA has reported an annual loss for its last financial year of $276m – that’s a 59 per cent improvement on the $677m lost in the year before. Revenue reached $3.59bn, which is slightly down on last year’s $3.65bn. However, Q4 was strong with revenues up over 400 per …
Read More »Cohort to close down
Dundee outfit Cohort Studios has ceased operations, the company has announced. The studio, which opened in 2006, said it had closed down after experiencing difficulties of being a console developer in a declining console marketplace”. Some 25 staff have been made redundant. For more on this story as it happens, …
Read More »Earthquake costs Japanese games sector
According to estimates from Enterbrain CEO Hirokazu Hamamura, the earthquake that hit Japan in March has cost the country’s games sector in the region of 55m. As reported by Andriasang, the drop in sales experienced in the territory following the earthquake has been attributed to the numerous game delays that …
Read More »Rumours of big job cuts at SOE
Sony Online Entertainment has closed down three of its studios and made sweeping redundancies across the company, according to unsubstantiated rumours. News site Kotaku claims the firm has closed studios in Seattle, Arizona and Denver. The website claimed that nearly one-third” of Sony Online Entertainment had been axed across the …
Read More »Rumours of more job cuts at Disney
As many as 80 workers at Disney Interactive have been made redundant, reports suggest. Disney will not specify how many jobs it has cut from its business, though a statement sent to PaidContent confirmed targeted” layoffs as part of setting a strategic direction for future success in digital media.” It …
Read More »14 jobs lost at THQ Australia
THQ Studio Australia has cut 14 jobs from its internal art department, without options to apply for further roles within the company. As noted by GI.biz, these new cuts leave the studio at a headcount of around 60. Its previous focus on licensed titles may leave it in a precarious …
Read More »Reports signal job losses at Rare
UK studio Rare is at the centre of conflicting accounts of layoffs across its art department. An individual, said to be an inside studio source, has claimed that Rare’s entire art team – apparently 42 staff – have been told their jobs are at risk. The anonymous source, speaking to …
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