NetherRealm Disbands Mobile Team, Shutting Down Mortal Kombat: Onslaught
Portfolio Pulse from Franca Quarneti
NetherRealm Studios, a subsidiary of Warner Bros Discovery Inc (NASDAQ:WBD), has disbanded its mobile team and announced the shutdown of Mortal Kombat: Onslaught. This move is part of a broader trend of layoffs in the gaming industry, with companies like Microsoft Corp. (NASDAQ:MSFT) and Sony Group Corp. (NYSE:SONY) also reducing their workforce.
July 19, 2024 | 8:17 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Microsoft Corp. has announced 1,900 job cuts in its gaming division this year, reflecting broader economic pressures in the gaming industry.
The layoffs at Microsoft are part of a broader trend in the gaming industry, indicating economic pressures that could affect the company's short-term stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Sony Group Corp. has reported 900 layoffs, reflecting the financial strain on the gaming industry.
Sony's layoffs are indicative of the financial challenges facing the gaming industry, which could negatively impact the company's short-term stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Warner Bros Discovery Inc's NetherRealm Studios has disbanded its mobile team and announced the shutdown of Mortal Kombat: Onslaught. This indicates a strategic shift and potential cost-cutting measures.
The disbanding of the mobile team and the shutdown of a game suggest significant internal changes and potential cost-cutting measures. This could negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100