George E. Osborn
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CEO of Saudi Arabia's Savvy Games Group Brian Ward steps down after overseeing billions in mobile gaming acquisitions
Brian Ward, CEO of Saudi Arabia's Savvy Games Group, has stepped down after overseeing billions in investments, including significant stakes in Niantic and Scopely. His departure comes amidst concerns following Saudi Arabia's recent acquisition of Electronic Arts. Industry analyst George Osborn noted Ward's diligent work in building Savvy's portfolio, balancing acquisitions with ecosystem development.
Abandon single-player, move development to Saudi Arabia, "reduce labour"? Experts on what EA's huge buyout debt could really mean
Electronic Arts has been acquired through a leveraged buyout, co-owned by private equity firms and Saudi Arabia's Public Investment Fund, with approximately $20 billion borrowed from Morgan Stanley. This significant debt places pressure on EA to generate substantial interest payments, leading experts to predict major shifts including potential layoffs and a focus on profitable live service games over niche single-player titles. The acquisition's structure and Saudi Arabia's strategic investment goals suggest a potential reorientation of EA's development and business practices.
XSOLLA BRINGS ACCESSIBILITY, SOCIAL IMPACT, AND ENTERTAINMENT IP LICENSING WITH XSOLLA AGENCY TO LONDON GAMES FESTIVAL 2026
Xsolla is participating in the London Games Festival 2026 with initiatives focused on gaming accessibility, social impact, and entertainment IP licensing. The company is involved in a charity campaign with Stevenage FC and SpecialEffect to fund accessible gaming setups, will present at the inaugural Games for Change London Summit, and will highlight its Xsolla Agency services for IP licensing at Games Meets Music The B-Side.
PONCLE KEYNOTE LEADS EXPANDED B2B PROGRAMME AT LONDON GAMES FESTIVAL
The London Games Festival has expanded its B2B program, featuring a keynote from Poncle, the studio behind Vampire Survivors. The event includes a two-day Games Finance Market with £247 million in potential investment, a Self-Publishing Toolkit live session, and the first Games For Change London Summit focused on social impact through games. A 'Games meets film' convergence event, Screen Play, will also explore collaborations between creative industries.