Studio Closure

Almost half of all mobile games are axed in development and 83% don’t last three years

Supercell-backed studio Papukaya is closing down after three years
The Helsinki-based studio aimed to reach non-gamers with experimental titles

Embracer Group will need to “continue making tough decisions”
Speaking at a company Q&A, CEO Lars Wingefors confirmed that more closures are on the horizon

Gameloft shutters Budapest Studio amid shift away from mobile
The company is aiming for success in the console and PC markets

Hot Five: layoffs at Unity, Niantic, and Adjust and AppLovin, 505 acquires D3, and Google's $90mil developer fund

101 Studio becomes ByteDance’s first games unit closure
Some staff will reportedly transfer to Bytedance's games division, Nuverse

Hot Five: Diablo Immortal makes over $24 million in first two weeks, a third of gaming app businesses expect to close, and Beatstar's exclusive over Spotify

Hot Five: Playtika layoffs could reach 250, Supercell invests $60mil into Love & Pies, and Square Enix commits to NFTs

Playtika to lay off 250 employees as it closes three development studios
London, Los Angeles, and Montreal studios are closing, Helsinki studio considered