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How a $300 Million Flop Turned Into an Improbable Hit

Days after “Cyberpunk 2077” made its debut in December 2020, the much-hyped videogame was so buggy that Sony Group pulled it from its PlayStation store and players plastered social media with complaints of glitches. The misfire surprised gamers partly because “Cyberpunk 2077,” featuring actor Keanu Reeves, was one of the most expensive games ever released. Last month, it capped an improbable comeback by winning best ongoing game at one of the industry’s biggest awards shows.Copyright ©2024Dow Jones & Company, Inc.

ByteDance in Talks With Potential Buyers to Sell Game Titles

TikTok’s parent company ByteDance is further scaling back its ambitions in the gaming industry and is in talks to sell game titles to several prospective buyers.Chinese media LatePost reported Monday that ByteDance’s gaming unit Nuverse is negotiating to sell games to Tencent. A Bytedance spokesperson told The Wall Street Journal Tuesday that negotiations with multiple potential buyers are ongoing and Nuverse hasn’t finalized any transaction with Tencent.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Unity Slashes Another 25% of Its Workforce

Updated Jan. 8, 2024 5:25 pm ETUnity Software is undergoing another round of layoffs affecting approximately 25% of its workforce, as the company works to overcome a major dust-up with customers last fall.Some1,800 employees are being let go, according to an filing with the Securities and Exchange Commission on Monday.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Jan. 8, 2024 5:25 pm ETUnity Softwareis undergoing another round of layoffs affecting

Peloton Partners with TikTok for Workout Content Hub

Peloton Interactive has entered an exclusive partnership with TikTok to create a workout content hub on the popular short-form video platform.The companies said Thursday that their new arrangement will result in the dedicated, co-branded #TikTokFitness hub to house custom Peloton content for the platform.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Peloton Interactivehas entered an exclusive partnership with TikTok to create a workout content hub on the popular

Activision and California Agency File Settlement of Gender Discrimination Claims

Activision Blizzard and a California regulator filed a legal settlement in which the videogame company agreed to pay to resolve gender discrimination charges while the state withdrew sexual-harassment claims.The settlement between Activision and the California Civil Rights Department, if approved by a judge, would end a legal battle that helped lead to the videogame company’s sale to Microsoft. Settlement documents that both sides said were filed in California Superior Court confirm an agreement from last week.Copyright ©

How the Maker of ‘Fortnite’ Beat Google and Got Its Mojo Back 

Videogame boss Tim Sweeney is on a winning streak.His company, closely held Epic Games, defeated tech behemoth Google in court on Monday, and its years-old megahit “Fortnite”—which served as the catalyst for the legal battle—is undergoing a resurgence in popularity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Videogame boss Tim Sweeneyis on a winning streak.His company, closely held Epic Games, defeated tech behemoth Google in court on Monday, and its years-old

Activision Blizzard to Pay Around $50 Million to Settle Lawsuit That Spurred Microsoft’s Takeover

Updated Dec. 15, 2023 5:41 pm ETActivision Blizzard has agreed to pay about $50 million to settle a high-profile lawsuit by a California regulator that helped spur Microsoft’s October takeover of the videogame company, according to people familiar with the matter.California’s Civil Rights Department sued Activision in mid-2021, alleging its leadership ignored numerous employee complaints of sexual harassment, discrimination and pay disparity. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.

The App Store Economy Is Under Siege

Monday’s court ruling that Google created an antitrust market with its app store threatens to upend the $500-billion-a-year app store economy, which has evolved into a profit machine for Appleand Google that helped define the smartphone era.A jury unanimously sided with Epic Games, saying that Google had harmed the videogame maker by maintaining an illegal monopoly. Google said it plans to appeal the verdict and stands by its business model. In a separate case that concluded in 2021, a federal judge largely ruled against

It’s Game Over for the E3 Videogame Expo

Dec. 12, 2023 12:45 pm ETE3, the once-popular videogame expo, is powering down.The Entertainment Software Association, a videogame trade organization, said it was ending its Electronic Entertainment Expo. The expo struggled to attract creators and top game companies in recent years. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Dec. 12, 2023 12:45 pm ETE3, the once-popular videogame expo, is powering down.The Entertainment Software Association, a videogame trade

TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.

SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy game makers. Now it is winding down those efforts, its latest pullback from experimental forays into education, property brokering and virtual reality as it faces regulatory and economic headwinds at home and abroad.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on