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Unity's new CEO pitches 'fundamentally different company' after rough year
Unity BancorpUnity Bancorp(US:UNTY) CNBCยท2024-10-17 14:00

Core Insights - Unity Software is launching Unity 6, its flagship product, under the leadership of new CEO Matt Bromberg, aiming to overcome recent challenges [1][2] - The new version focuses on stability, predictable updates, and the capability to support hundreds of players in a single virtual environment [2] Company Overview - Matt Bromberg, appointed CEO on May 1, has a background in the gaming industry, previously serving as COO of Zynga and holding a position at Electronic Arts [3] - The company is attempting to rebuild its relationship with customers after a difficult period marked by layoffs, significant losses, and a troubled customer relationship [2][3] Leadership Changes - Bromberg's predecessor, John Riccitiello, retired following a controversial pricing change that upset many developers, leading to a shakeup in leadership [4] - The new CEO's immediate challenge includes addressing the fallout from the "Unity Runtime Fee" implemented by Riccitiello [4]