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Company Finances
Ongoing coverage on Company Finances.
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Games Industry
Don't Nod warns it may not have enough funding to operate beyond January 2027
Don't Nod, the studio behind Life is Strange, has warned it may not have enough funding to continue operating beyond January 2027 without securing external financing. The company is also considering cutting up to 90 jobs in France as part of a restructuring plan due to declining revenue and widening operating losses.
IGN
Intrepid CEO Disputes Fresh Ashes of Creation Allegations, Including Claims That Funds Were Spent on Everything From Magic: The Gathering Cards to a Personal Chef
Former Intrepid Studios CEO Steven Sharif has disputed allegations regarding the expenses of the ill-fated MMO Ashes of Creation. Claims suggest millions of dollars were spent on questionable purchases, including Magic: The Gathering cards and personal services, painting a picture of financial distress.