31 Jan
According to the Associated Press, the Rhode Island Senate unanimously approved a bill this week that encourages out-of-court settlements in the 38 Studios lawsuit. Governor Lincoln Chafee’s office introduced a new bill earlier this month to encourage out-of-court settlements to resolve the $75 million debt cause by a loan which was given to the now-defunct […]
30 Jan
Zynga has announced that it plans to lay off around 314 employees, as part of cost-cutting measures. The company did not state where the jobs would be cut, however it did say it expects to generate savings of as much as $35 million in 2014 before taxes. Zynga also announced that it will be acquiring […]
30 Jan
Following Nintendo’s poor financial results for the last quarter, CEO Satoru Iwata has said he will take a 50 percent pay cut, AFP reports. In Nintendo’s financial report for the nine months ended December 31st, 2013, net sales had fallen eight percent. For the same period last year, the company’s net sales were at ¥543 […]
18 Jan
Last year, Square Enix placed blame on its financial issues on the sales of Tomb Raider, Hitman: Absolution and Sleeping Dogs not reaching the company’s expected sales. Speaking to Eurogamer, Crystal Dynamics executive producer Scot Amos has revealed that Tomb Raider has reached profitability. “By the end of last year Tomb Raider is in the […]