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Xbox’s ‘reset’: all the news about Microsoft’s looming layoffs and studio closures
Xbox is making some big changes — again. On June 10th, a few months after Asha Sharma took over as CEO, she and newly-promoted chief content officer Matt Booty sent a memo to staff warning of an “Xbox reset.” The business, they said, is facing significant challenges, including a 3 percent “accountability margin,” massively higher…
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Joe Wright To Direct Feature Take On Tim Winton’s Sci-Fi Thriller ‘Juice’ For Working Title, Abi Morgan Adapting
EXCLUSIVE: Two-time BAFTA-winning filmmaker Joe Wright is attached to direct the feature take on the Tim Winton post-apocalyptic thriller novel Juice for Working Title Films. The multi-Oscar-winning UK production company has optioned rights to Juice and set BAFTA and Emmy winner Abi Morgan (The Hour, Shame, The Iron Lady) to adapt. Juice is set in…
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An Explosion Knocked Out Anduril’s Rocket Motor Test Site in Mississippi
The incident could disrupt a key part of the defense company’s rocket motor business, which designs and tests prototype motors for military customers.
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Alamo Drafthouse Launches Distribution Program to Screen Unreleased Film Festival Movies in Theaters
Alamo Drafthouse is launching a distribution program that’s designed to showcase film festival releases that never scored distribution. Through Alamo Exclusives, the dine-in cinema will offer limited runs of titles that weren’t acquired from festivals including Sundance, SWSW, Tribeca, TIFF, Cannes, Berlin and its own genre-focused Fantastic Fest. The company’s hope is creating a platform…
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Lime begins life as a public company after years of uncertainty
The nine-year-old scooter and bike-share company has said it needs the funds to help pay down around $1 billion in liabilities.
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Subnautica 2 legal battle ends with reinstated CEO stepping down, as Krafton and Unknown Worlds founders agree settlement
Shake hands with the nearest underwater critter. The Subnautica 2 legal dispute appears to finally have reached its ultimate conclusion, with a settlement agreed between publishers Krafton and the three Unknown Worlds leaders they fired last year. One of those three leads, Unknown Worlds CEO Ted Gill, was reinstated to his post via a judge’s…
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Reinstated Subnautica 2 studio CEO immediately peaces out after Krafton agrees to pay the developer bonuses it went to court to avoid
The publisher’s ChatGPT advisor could not be reached for comment.
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Krafton settles with Subnautica 2 developer after drawn-out dispute over $250 million
After a lengthy legal dispute, Krafton has settled with its subsidiary Unknown Worlds Entertainment, which is developing Subnautica 2, and will pay bonuses to the studio’s staff, Bloomberg reports. The dispute began last year after Krafton pushed out Unknown Worlds’ cofounders, Charlie Cleveland and Max McGuire, and its CEO, Ted Gill, ahead of a potential…
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Xbox testing disc-to-digital feature that digitizes a physical game collection
Microsoft will likely soon follow Sony and stop the production of physical discs for Xbox games. But instead of leaving physical discs behind entirely, sources familiar with Microsoft’s plans tell me the company has quietly been working on a disc-to-digital feature that will allow Xbox owners to digitize their existing physical game collections. Xbox employees…
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PlayStation’s PSP Go was the first time Sony tried to go all-digital
17 years ago, Sony tried to go all digital with the PlayStation PSP Go. It didn’t work out well for the company.