Hasbro records $56M write down after scrapping 'several' video games
Hasbro reported a $56 million non-cash write down after cancelling several video games planned for 2028 and beyond. CEO Chris Cocks stated the decision reflects a new digital strategy focusing on key franchises like Dungeons & Dragons and Magic: The Gathering, with an emphasis on cost discipline and owned platforms. The company expects its total digital spend to decrease annually by at least 25 percent by 2028.
Gamedeveloper.com
- Entities
- Magic: The Gathering Arena
- Giant Skull
- Business Strategy
- Warlock
- Hasbro
- Chris Cocks
- Scopely
- Monopoly Go
- Dungeons & Dragons
- Game Development
- Baldur's Gate 3
- Exodus
- Magic: The Gathering
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