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strategic shifts

Warner Bros. Discovery Adds 3.4 Million Streaming Subscribers, But “Minecraft” and “Sinners” Power Q2
AppWizard
August 8, 2025

Warner Bros. Discovery Adds 3.4 Million Streaming Subscribers, But “Minecraft” and “Sinners” Power Q2

Warner Bros. Discovery reported second-quarter earnings with a revenue of .8 billion, a slight increase from the previous year. Net income rose to .6 billion, a recovery from last year's loss, while adjusted EBITDA increased by 9% to billion. The studio segment generated .8 billion in revenue, a 55% year-over-year increase, driven by successful films like Minecraft and Sinners. The company plans to release 12 to 14 new films annually, including major tentpole films and titles from DC Studios and New Line. Streaming growth included the addition of 3.4 million subscribers, leading to an 8% revenue increase to .8 billion. The linear TV segment faced challenges, with revenue down 9% to .8 billion and adjusted EBITDA declining by 24% to .5 billion. WBD completed six major carriage renewals and is preparing for a strategic split, creating a new entity for its studios and HBO, while linear networks will become a separate company named Discovery. CEO David Zaslav emphasized limiting library content licensing to enhance HBO Max's appeal and highlighted ongoing efforts to revive franchises like Superman and Lord of the Rings. The company is also expanding into gaming and theme parks, with Bruce Campbell leading these initiatives. Zaslav discussed plans for bundling streaming services to improve consumer experience and noted the resilience of the TV advertising market despite economic pressures.
Warner reportedly axes Hogwarts Legacy expansion
AppWizard
March 28, 2025

Warner reportedly axes Hogwarts Legacy expansion

Warner Bros has halted the development of an expansion for Hogwarts Legacy due to concerns that the amount of content did not justify the proposed price. The expansion was being developed by Avalanche Software in collaboration with Rocksteady Studios. Rocksteady has faced challenges, including layoffs and ceasing support for Suicide Squad: Kill the Justice League, which contributed to Warner Bros' admission of underperformance in its gaming division. The company also decided to close three studios, including Monolith Productions, and experienced a leadership change with the departure of gaming division head David Haddad.
Netflix cuts staff from Night School Studio
AppWizard
February 20, 2025

Netflix cuts staff from Night School Studio

Netflix has initiated layoffs at Night School Studio, which will not affect the studio's current content lineup. The layoffs were announced in January and are part of a broader shift in Netflix's gaming strategy, which includes the closure of its triple-A Blue studio. Mike Verdu has transitioned to a new role overseeing generative AI, and Alain Tascan has been appointed to lead Netflix's gaming division. Night School Studio was acquired by Netflix in 2021.
Crytek lays off around 15% of staff
AppWizard
February 13, 2025

Crytek lays off around 15% of staff

Crytek has announced a workforce reduction of approximately 15 percent, affecting around 60 employees in development and shared services, due to "complex, unfavourable market dynamics." The development of the next Crysis installment is on hold, and the company is shifting focus to enhance the ongoing project, Hunt: Showdown 1896. Crytek will provide severance packages and career assistance to those laid off. The company remains committed to the development of Hunt: Showdown 1896 and advancing its CryEngine technology.
Rocksteady is looking to make a new singleplayer Batman game, but Warner's Wonder Woman game is struggling
AppWizard
February 7, 2025

Rocksteady is looking to make a new singleplayer Batman game, but Warner’s Wonder Woman game is struggling

Warner Bros. Games is facing significant challenges following the poor performance of several titles, including Suicide Squad: Kill the Justice League, which led to a 0 million loss. Rocksteady Studios is planning a new single-player Batman game, returning to its roots after the disappointing reception of previous games. Hogwarts Legacy was a success, but Quidditch Champions has struggled with only 90 users on Steam, and Multiversus has halted development due to a loss of interest. The anticipated Wonder Woman game has been rebooted, and WB Games Montreal shifted focus from Gotham Knights to a now-scrapped Flash game. CEO David Haddad is departing, and JB Perrette has projected a return to profitability by 2025, although it may take two to three years to achieve this.
Headup founds new indie studio Goon Squad
AppWizard
August 22, 2024

Headup founds new indie studio Goon Squad

Headup has launched an indie studio named Good Squad, transforming its internal development team that contributed to titles like Tinkertown and Dr Fetus' Mean Meat Machine. Good Squad will operate independently to foster innovative gaming experiences and enhance Headup's publishing strategy. Both entities are part of Microcuts Holding, led by Dieter Schoeller, who acquired Headup from Thunderful for €500,000 in March 2023, following Thunderful's earlier purchase of Headup for €11 million three years prior.
Naver is on the verge of losing its messenger app
AppWizard
May 15, 2024

Naver is on the verge of losing its messenger app

Naver, a South Korean tech powerhouse, is facing pressure from its Japanese partner SoftBank to divest a portion of its stake in Line, a popular messaging app in Japan. The Japanese government's scrutiny following an information breach incident has led to a directive for Naver to review its capital relations with SoftBank and improve cybersecurity measures. This could potentially impact Naver's control over Line, which holds about 70% market share in Japan and is crucial for Naver's international sales strategy, with Japan accounting for about half of its overseas revenue. Negotiations over Line's governance structure between Naver and SoftBank are expected to conclude soon.
The Xbox cuts might not be finished, while Game Pass debates go on over pricing and Call of Duty
Winsage
May 8, 2024

The Xbox cuts might not be finished, while Game Pass debates go on over pricing and Call of Duty

Microsoft is offering voluntary severance packages to employees at ZeniMax as part of a broader cost containment strategy. The internal debate over including Call of Duty in Xbox Game Pass and potential price hikes for the subscription are hot topics among Microsoft insiders. Studio shutdowns, like Tango Gameworks, are part of Xbox's goal to streamline operations and focus efforts. There is uncertainty about the future of Xbox Game Pass pricing and Microsoft's communication strategy as the gaming community anticipates upcoming announcements from Xbox.
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