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EG7 Q2 2026: Daybreak has finished buying out Cold Iron and Aliens Fireteam Elite 2
Enad Global 7's subsidiary Daybreak Game Company has finalized its acquisition of Cold Iron Studios for $3 million, securing assets and intellectual property related to the developer, including the Aliens franchise IP for Aliens: Fireteam Elite. Daybreak reported improved profitability in Q2 2026, driven by Palia and DC Universe Online, alongside steady performance from its other live-service titles like EverQuest and EverQuest II.
Tencent is apparently the latest owner of the PlanetSide IP, according to new copyright filing
Tencent America has reportedly acquired the intellectual property rights for the PlanetSide franchise, including PlanetSide, PlanetSide 2, and PlanetSide Arena. This follows a previous sale from Daybreak Game Company to Bay Tree Tower Ltd approximately two and a half years ago. The future plans for the franchise under Tencent's ownership remain unclear, with fans expressing mixed anticipation and concern.
EG7 reveals Ravenwake, a new Canadian studio to support Daybreak’s MMORPGs
Enad Global 7 has announced the formation of Ravenwake Games, a new Vancouver-based studio that will support Daybreak Game Company's MMORPG titles. The studio aims to leverage Canada's talent pool, with open positions supporting games like EverQuest, DC Universe Online, and Magic: The Gathering Online. This move follows Daybreak's recent acquisitions and funding efforts.
MMO Business Roundup: XBOX’s rebrand, California games law, and Far Far West’s 1M sold
This MMO business roundup covers several industry developments, including California's game ownership law advancing, Steam's community market upgrades, and an AI video contest proposed by Party Animals developers. It also notes the Xbox brand's rebranding to XBOX and the early access extraction FPS Far Far West selling over one million copies on Steam.
MMO Week in Review: The big rebranding of CCP Games
CCP Games, the studio behind EVE Online, has rebranded to Fenris Creations and announced a partnership with Google DeepMind for AI development. This news comes amidst other MMO updates including Guild Wars 2's new zone, Conan Exiles' Enhanced version, and acquisitions like Daybreak buying Cold Iron Studios.
EG7 Q1 2026: Daybreak is acquiring Cold Iron Studios (again) as Palia and Far Far West soar
Enad Global 7 reported a 13.1% drop in Q1 2026 revenues compared to the previous year, though its subsidiary Daybreak Game Company saw a 16.8% increase driven by Palia, EverQuest, and DC Universe Online. Daybreak is once again in talks to acquire Cold Iron Studios, with the intention of bringing the development of Aliens: Fireteam Elite 2 in-house. The company also noted strong sales for Far Far West, which recently launched into early access.
MechWarrior dev Piranha Games lays off 30% of staff, says CEO
Piranha Games, a subsidiary of Enad Global 7, has laid off 30 percent of its staff, according to CEO Russ Bullock. This follows a previous round of layoffs in January 2025, which parent company Enad Global 7 attributed to MechWarrior 5: Clans selling below expectations. The studio will continue to work on DLC for the MechWarrior series.
MechWarrior studio Piranha Games lays off 30% of its employees
MechWarrior developer Piranha Games has laid off approximately 30% of its staff, confirmed CEO Russ Bullock. This marks the second round of layoffs at the studio in just over a year, following a previous round in January 2025 that impacted 38 employees. The recent cuts are attributed to MechWarrior 5: Clans failing to meet sales targets and a broader 'economic restructuring' at the company.
MechWarrior dev Piranha Games reportedly affected by redundancies
Piranha Games, the developer of MechWarrior 5: Clans, has reportedly undergone layoffs due to "economic restructuring." This follows similar cuts in January 2024, when parent company Enad Global 7 (EG7) reduced staff at Piranha Games and shut down Toadman Interactive, citing that MechWarrior 5: Clans did not meet sales targets.
