Pixels in Orbit

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Sony Just Took a $765 Million Impairment Loss on Bungie — Marathon Failed to Land, Destiny 2 Kept Sinking, and the 2022 Acquisition Has Now Burned Through More Than 20% of Its $3.6 Billion Price Tag
news1 week ago

Sony Just Took a $765 Million Impairment Loss on Bungie — Marathon Failed to Land, Destiny 2 Kept Sinking, and the 2022 Acquisition Has Now Burned Through More Than 20% of Its $3.6 Billion Price Tag

Sony's FY2025 results add another $565 million Bungie writedown on top of October's $200 million one, totaling $765 million in impairments — more than 20% of the original $3.6B acquisition price. Sony cited Marathon's failed March launch (currently 6,000-15,000 concurrent on Steam) and Destiny 2's continued engagement decline.

Epic Games Lays Off Over 1,000 Staff as Fortnite Engagement Slips
industry1 month ago

Epic Games Lays Off Over 1,000 Staff as Fortnite Engagement Slips

Epic Games has confirmed layoffs affecting over 1,000 staff, citing a prolonged decline in Fortnite engagement that has strained the company's finances.