Business
Ongoing coverage on Business.
Latest coverage
Tickets go on sale for consumer event IGN Live 2026, returning to LA on 6 June
IGN Entertainment is hosting IGN Live 2026 in Los Angeles on June 6-7, featuring game reveals, trailers, and playable titles like Gothic Remake. Separately, the social VR platform Rec Room, developed by Rec Room Inc., will shut down on June 1, 2026, due to profitability challenges. The article also mentions industry participants like Xbox, Sega, Ubisoft, and 2K Games, and celebrity guests including voice actors and the cast of Critical Role.
VR platform Rec Room to shut down in June 2026
Social VR platform Rec Room will shut down on June 1, 2026, due to unsustainable profitability. Developer Rec Room Inc. cited overwhelming costs and a challenging VR market as reasons for the closure. Services, including account logins and content creation, will cease on that date.
Rec Room shutting down after failing to become 'sustainably profitable'
The VR chat and game platform Rec Room will be shutting down on June 1, 2026, exactly ten years after its initial launch. The closure is attributed to the platform's failure to achieve sustainable profitability.
Rec Room shutting down after failing to become 'sustainably profitable'
Rec Room is shutting down on PC and consoles due to its inability to achieve sustainable profitability. The developers cited that porting the game to platforms like PlayStation VR2 was not economically viable, despite the game's popularity. This decision raises concerns about the sales performance of the PlayStation VR2 and Sony's support for VR development.
Rec Room, a Roblox-style VR game, is shutting down
Rec Room, a social VR game inspired by Roblox, will shut down on June 1 after a decade of operation due to profitability challenges. Despite attracting 150 million players, developers could not find a sustainable business model. Some features will be temporarily free, and users can download room assets. Snap has acquired some Rec Room assets and employees.
VR multiplayer sandbox Rec Room is shutting down on June 1
Rec Room Inc. has announced that its VR multiplayer sandbox game, Rec Room, will be shutting down on June 1st after a decade of operation. Despite efforts including paid user-generated content and AI tools, the game failed to reach profitability. Developers will allow players and creators to download their data, with room data available in formats for potential recreation in standalone setups.
VR Hit Rec Room Shutting Down Because It's Not "Sustainably Profitable"
Rec Room, a popular virtual reality game, will be shutting down on June 1st due to a lack of sustainable profitability. Developers cited increasing maintenance costs and a recent shift in the VR market as reasons for the closure. Existing accounts can still play until the shutdown date, and players are being offered discounts and the ability to download their creations.
Virtual hangout game Rec Room is shutting down in June
The virtual hangout game Rec Room will be shutting down on June 1st, 2026, due to profitability challenges. Despite reaching over 150 million players and having millions of monthly active users, the developers struggled to make the business sustainable. The decision was made to wind down operations thoughtfully.
Rec Room shutting down after failing to become 'sustainability profitable'
The VR chat and game platform Rec Room will shut down on June 1, 2026, ten years after its launch. Despite its popularity and a strong community, the developer was unable to achieve sustainable profitability due to overwhelming costs. The company previously laid off staff in August 2025, citing financial trajectory concerns.
Rec Room will be shutting down on June 1st
Developer Rec Room announced it will shut down its social and gaming platform Rec Room on June 1st, the game's 10th anniversary. Despite reaching over 150 million players, the company cited unsustainable costs and a difficult path to profitability in the current market as reasons for the closure. All first-party content will be discounted by 80% as a thank you to players.
Here's Another Major PS5, PS4 Game Getting Delisted Soon
The social game Rec Room will be delisted from the PlayStation Store on June 1, 2026, and will become unplayable as its servers are shut down. Developer Against Gravity cited a lack of profitability and challenges in the VR market as reasons for the decision. The game, which debuted on PSVR in 2017 and later became available on PS5 and PS4, has reached over 150 million players.
VR Social Game Rec Room Is Shutting Down on its 10th Anniversary: 'Our Costs Always Ended Up Overwhelming the Revenue We Brought In'
The virtual reality social game Rec Room will be shutting down on its 10th anniversary due to overwhelming costs. The developers cited that revenue consistently failed to cover operational expenses.
Unity looking to sell internal publishing label Supersonic
Unity is reportedly looking to sell its internal publishing label, Supersonic. The company believes divesting this business will help drive revenue growth.
Business and Finance
Epic Games has created a dedicated portal for recruiters following recent layoffs. Meanwhile, Unity reported growth in engine revenue while shutting down its IronSource ad network.
Fortnite Layoffs Included Dev With Terminal Brain Cancer
Epic Games recently laid off over 1,000 employees, including a programmer with terminal brain cancer whose family lost his life insurance. CEO Tim Sweeney has promised to resolve the insurance issue for the affected family. The company cited a downturn in Fortnite engagement and a need for cost savings as reasons for the extensive layoffs.
Business and Finance
Epic Games has implemented significant layoffs, signaling deeper issues within the broader video game industry. This move is seen as a symptom of larger economic and structural challenges affecting game development and publishing companies.
Former Half-Life 2 writer calls out Epic CEO Tim Sweeney over layoffs, says Valve boss Gabe Newell is "better" than him at making "as much money as possible," anyway
Former Valve writer Chet Faliszek criticized Epic Games CEO Tim Sweeney over recent layoffs, questioning employee motivation and comparing Epic's actions unfavorably to Valve's employee retention. Faliszek highlighted that Valve, despite operating Steam, has fewer employees than Epic and suggested Gabe Newell is more adept at generating profit while still fostering a positive work environment.
Epic Games layoffs serve as a timely reminder that accountability is dead
Epic Games has announced layoffs affecting over 1,000 employees, despite Fortnite remaining a highly successful live service game. The company also secured a $1.5 billion investment from Disney for a new entertainment universe. The layoffs have raised questions about accountability within the company, particularly concerning its acquisitions of Harmonix and Mediatonic.
Mario's New Adventure: Fun Ride, But Is It Worth the Sw... | TAG
This article covers multiple gaming news topics including a review of Super Mario Bros. Wonder Bellabel Park for the Switch 2, the release date and details for Pokemon Champions, Nintendo's decision to cut Switch 2 production, and updates on Crimson Desert, Kingdom Come: Deliverance 2, and Hello Kitty: Island Adventure. It also touches on McDonald's KPop Demon Hunters collaboration, a leak for PlayStation Plus Essential games, Square Enix's top publisher ranking, and warnings about Intel CPU benchmarks.
Icarus: Console Edition Review - Brutal Beginnings, Peaceful Survival | COGconnected
The review for Icarus: Console Edition highlights its brutal beginnings and peaceful survival elements on PC. The article also delves into Valve's business model, noting their significant revenue from Steam and Gabe Newell's intention to keep the company privately owned by the Newell family.
