Group 1: Company Actions - Microsoft is implementing mass layoffs, cutting approximately 4% of its workforce, equating to about 9,000 roles across the company [1] - Microsoft Gaming chief Phil Spencer indicated that the company will end or decrease work in certain areas to focus on strategic growth and increase agility by removing layers of management [2] - Xbox Game Studios head Matt Booty confirmed the cancellation of several games, including "Perfect Dark" and "Everwild," and mentioned the closure of The Initiative studio [3] Group 2: Game Cancellations - The cancellation of "Perfect Dark," a reboot of the classic FPS series, is significant, with development ongoing since 2018 and gameplay footage shown in June 2024 [4] - "Everwild," a new IP from Rare, has also been canceled after a tumultuous development period, having been announced in 2019 and rebooted in 2021 [5][6] - An untitled MMORPG from Zenimax Online Studios, codenamed "Blackbird," which was intended as a successor to "Elder Scrolls Online," has also been put on hold [6][7] Group 3: Industry Impact - The layoffs and game cancellations highlight job instability in the gaming industry, raising concerns about the future of major game releases and overall confidence among gamers [8][9] - The cancellations of high-profile titles like "Perfect Dark" and "Everwild" could impact Microsoft's release schedule in the coming years, although all games showcased during the 2025 Xbox Games Showcase will continue development [9]

NACON ANNOUNCES AGREEMENT WITH WRC PROMOTER FOR THE PUBLISHING OF THE OFFICIAL GAMES OF THE FIA WORLD RALLY CHAMPIONSHIP, FROM 2027 TO 2032 Lesquin, May 26, 2025 - NACON is pleased to announce the signing of a new agreement with WRC Promoter for the publishing of games based on the FIA World Rally Championship (WRC). The agreement covers the development and publishing of the official WRC games and eSports competitions, granting NACON exclusive rights for PC and consoles for six seasons, from 2027 through 2 ...

Sea (SE) Q1 2025 Earnings Call May 13, 2025 07:30 AM ET Company Participants Elson Choi - Senior Manager, Investor RelationsForrest Li - Founder, Chairman & CEOTony Hou - CFOPang Vittayaamnuaykoon - Executive DirectorChris Feng - PresidentJohn Hyungwook Choi - Executive Director Conference Call Participants Piyush Choudhary - AnalystAlicia Yap - AnalystDivya Kothiyal - AnalystJiong Shao - Analyst Operator Good morning and good evening to all, and welcome to the Sea Limited First Quarter twenty twenty five R ...

It turns out those pernicious rumors were true: "Grand Theft Auto 6" is not coming out this year. On Friday, "GTA" maker Rockstar Games announced that the company now plans to release the game in May 2026. Shares of Rockstar's parent company, Take-Two Interactive, tumbled by as much as 8% on Friday morning."Grand Theft Auto 6," which has been years in the making, is one of the most anticipated games of all time. An early trailer for the game, released in 2023, broke the record for most views on YouTube by ...