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15.02.2024 - 12:07 / gamesindustry.biz
Maximum Entertainment (previously Zordix) has announced the unification of its various divisions under one name.
The company owns publishers Maximum Games, Modus Games, Just For Games, and Merge Games, and developer Modus Studios, all of which will be grouped together under the name Maximum Entertainment.
The firm also announced that it's looking to increase IP ownership to 30% of its revenue by 2025, as well as double down on transmedia projects. Maximum added that there's currently over 100 games in its pipeline, 15 of them being its own IP.
Alongside this announcement, the company released its interim financial report for Q4 2023 and the full year. Its net sales for the quarter reached SEK 394 million ($37.5 million, down 4.6% year-on-year), and SEK 1.15 billion for the full year ($109 million, down 0.6%).
We talked to CEO Christina Seelye about the firm's restructure last year, as it launched Maximum Entertainment. Zordix had acquired Maximum Games for $42 million back in November 2021, with Seelye taking over three months after.
The company landed a $30 million credit line to invest in its IPs and M&As last year, and acquired Fun Labs soon after.
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EA is the latest game company to announce layoffs, with 5% of its workforce to be made redundant. From the most recent headcount EA provided – 13,400 in March 2023 – that would amount to around 670 people.
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After years of anticipation, Grand Theft Auto 6 is entering the last stages of development and Rockstar Games' leadership is preparing for the final push. It's been just over a decade since fans of GTA got a new entry in the series and two years since Rockstar confirmed Grand Theft Auto 6 was in development. Over that time, gamers have grown more excited and hungry for any news about how the sequel is shaping up.
EA is the latest game company to announce layoffs, with 5% of its workforce to be made redundant. From the most recent headcount EA provided – 13,400 in March 2023 – that would amount to around 670 people.
With Electronic Arts joining an ever-growing list of companies being hit with layoffs and announcing a 5% reduction in its workforce, the full ramifications of how that will affect individual projects and studios within the company are also being clearer.
As the gaming industry continues to struggle with a bad year of layoffs and cutbacks, publisher EA has canceled a Star Wars FPS that was in the works at Respawn Entertainment. It's no secret that many publishers and developers are struggling at the moment and this is harming both employees and gamers as devs lose their jobs and games face delays or cancelation. Now this worrying trend is impacting fans of shooters and the Star Wars setting.
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