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Microsoft Announces Major Job Cuts and Xbox Restructuring
BusinessBBCNYTFT+48The Guardianyle-uutisetcbccnbchelsingin-sanomatruvfazDW+40 more1mo ago51 sources

Microsoft Announces Major Job Cuts and Xbox Restructuring

Microsoft is set to cut thousands of jobs, impacting approximately 2% of its global workforce, with the Xbox division undergoing its most significant restructuring in history, including divestment of studios and a focus on core franchises.

Paramount Launches New Video Game Studio
Culturevarietyhollywood-reporterdeadline+1seeking-alpha2mo ago4 sources

Paramount Launches New Video Game Studio

Paramount has announced the formation of a new video game studio, Paramount Skydance, as a core pillar of its content strategy. This move signals the company's renewed and serious commitment to the video game industry.

Toei Launches New Video Game Division, Toei Games
Culturescreen-rant4mo ago

Toei Launches New Video Game Division, Toei Games

Toei, the parent company of Toei Animation, has announced the establishment of Toei Games, marking its official entry into the video game industry and promising a new era for franchises like Dragon Ball and One Piece.

Bank of America Suggests $80 Price for GTA 6 to Boost Industry
Worldforbesign3mo ago2 sources

Bank of America Suggests $80 Price for GTA 6 to Boost Industry

Bank of America has suggested that "GTA 6" should be priced at $80 to enable the video game industry to raise its overall prices. However, the bank also noted that the industry might struggle to sell games at $80 if GTA 6 were to cost $70.

Cyprus Leads Globally in Video Game Industry Per Capita
Technologyin-cyprus9d ago

Cyprus Leads Globally in Video Game Industry Per Capita

A new report, "Cyprus Video Game Industry Report 2025," reveals that Cyprus ranks first worldwide for video game companies, industry revenue, and mobile game installs relative to its population. This highlights the country's significant growth in the gaming sector.

Morgan Stanley: AI to Drive $22 Billion Profit in Gaming Industry
BusinesscnbcRappler4mo ago2 sources

Morgan Stanley: AI to Drive $22 Billion Profit in Gaming Industry

Morgan Stanley predicts that artificial intelligence will revolutionize the video game industry, potentially generating an additional $22 billion in profits through AI-driven cost efficiencies. The firm also identified specific stocks poised to benefit from this transformation.

BAFTA Games Awards 2026 Winners Announced
Culturenme4mo ago

BAFTA Games Awards 2026 Winners Announced

The winners of the BAFTA Games Awards 2026 have been announced, with 'Clair Obscur: Expedition 33' and 'Dispatch' receiving the most trophies. The awards celebrate excellence in the video game industry.