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The Great Developer Massacre of 2023-2024 (and onwards?)


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Doesn't surprise at all that indies are feeling the pinch as well.

There was an indie developer on Era stating that it's near impossible to get any kind of decent exposure these days due to the flooding of the market. They weren't wrong. You could have your game show up at an Indie Direct but unless it's doing something REALLY special, it's likely it will be forgotten about pretty quickly.

For the layoffs to have happened at Evening Star, clearly the game didn't do that well, despite having decent reviews.

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I wonder if the person that decided to not announce the game until launch is one of those being let go - that choice was a bit of a disaster. Especially so for a game that takes a bit of time to get to grips with. 

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  • 2 weeks later...

https://www.bloomberg.com/news/articles/2024-10-04/tencent-guillemot-family-are-said-to-consider-buyout-of-ubisoft?utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter&cmpid=socialflow-twitter-business&utm_content=business

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Tencent Holdings Ltd. and Ubisoft Entertainment SA's founding Guillemot family are considering options including a potential buyout of the French video game developer after it lost more than half its market value this year, according to people familiar with the matter.

The Chinese tech company and Guillemot Brothers Ltd. have been speaking with advisers to help explore ways to stabilize Ubisoft and bolster its value, the people said, asked not to be identified discussing a private matter. One of the possibilities being discussed would involve teaming up to take the company private, according to the people.

Some minority shareholders including AJ Investments have been pushing for either a take-private or a sale of Ubisoft to a strategic investor amid the stock price plunge. Considerations are at an early stage and there's no certainty they will lead to a transaction. Tencent and the Guillemot family are also considering other alternatives, according to the people.

The Tencent vultures are circling the Ubisoft corpse...

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Tequila Works, the studio behind Rime, has announced layoffs and the cancellation of a game. Per VGC

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Spanish development studio Tequila Works has made a "small" number of layoffs.

It said the move followed the decision to cancel an unannounced project that had been in development at the Madrid-based outfit.

"With deep regret, we must inform of the decision to cancel an unannounced game," Tequila Works said in a LinkedIn post.

"This tough decision means we will be restructuring the studio to concentrate on the development of only one game. These changes will have an impact to a small number of roles at the studio.

"This is an incredibly difficult time, and our focus is to provide the support and guidance to those affected," it added.

:(

  • Sad 2
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