Cyberpunk 2077 and The Witcher developer CD Projekt Red is not interested in being acquired despite the likes of Xbox and PlayStation actively seeking out studios to purchase.
Insomniac, the dev team behind the wildly successful Spider-Man games just had a leak. In the leak, it’s discovered that they were strong-armed by Sony (who owns Insomniac) to downsize staff despite exceeding sales targets and hitting goals. They needed to downsize to help balance Sony’s books, who have acquired a slew of failing or underperforming studios.
Sony owns Studio A, and Studio B. Studio B have underperformed for the last few years, whilst Studio A has outperformed their targets. Because of the shortcomings in Studio B, Sony are now out of pocket, even accounting for the earnings of Studio A. Studio A are forced to eliminate staff roles to make up for Studio B’s mismanagement. A well oiled and well performing Studio have to butcher their teams to balance their parent entity’s books. It’s so fucking short sighted and stupid.
This isn’t just a Sony/Insomniac issue either, I guarantee this goes on throughout the industry whenever there’s a parent company. It’s just how it will always be in those circumstances.
With the state that Activision Blizzard was in before the acquisition, the company being gutted was one of the reasons I supported the acquisition. Sucks for the low level employees that will be caught in the fire, but the leadership absolutely needs to go for multiple reasons.
Insomniac, the dev team behind the wildly successful Spider-Man games just had a leak. In the leak, it’s discovered that they were strong-armed by Sony (who owns Insomniac) to downsize staff despite exceeding sales targets and hitting goals. They needed to downsize to help balance Sony’s books, who have acquired a slew of failing or underperforming studios.
Sony owns Studio A, and Studio B. Studio B have underperformed for the last few years, whilst Studio A has outperformed their targets. Because of the shortcomings in Studio B, Sony are now out of pocket, even accounting for the earnings of Studio A. Studio A are forced to eliminate staff roles to make up for Studio B’s mismanagement. A well oiled and well performing Studio have to butcher their teams to balance their parent entity’s books. It’s so fucking short sighted and stupid.
This isn’t just a Sony/Insomniac issue either, I guarantee this goes on throughout the industry whenever there’s a parent company. It’s just how it will always be in those circumstances.
Corporations shouldn’t be able to own other corporations.
That’s quite radical. But I agree, speculation is a big problem and dysfunctional.
Everyone is so happy now that Activision is part of Microsoft. That’s going to change the moment Microsoft starts the layoffs. And they will happen.
I only warned you all for the past two years while this deal was allowed to go through.
With the state that Activision Blizzard was in before the acquisition, the company being gutted was one of the reasons I supported the acquisition. Sucks for the low level employees that will be caught in the fire, but the leadership absolutely needs to go for multiple reasons.
You warned us and we didn’t listen and we failed to stop the transaction from happening. We are a bunch of fools.
Who tf is happy about that?