It seems that Meta is indeed serious about its shift away from news content, with a new report from Chartbeat and Similarweb showing that Facebook referral traffic to publisher websites has declined by 50% over the past year. The report analyzed traffic to 792 news and media websites, using third-party tracking data to provide an [...]read moreReport Shows Publisher Referrals From Facebook Have Declined by 50%
It seems that Meta is indeed serious about its shift away from news content, with a new report from Chartbeat and Similarweb showing that Facebook referral traffic to publisher websites has declined by 50% over the past year. The report analyzed traffic to 792 news and media websites, using third-party tracking data to provide an [...]read moreReport Shows Publisher Referrals From Facebook Have Declined by 50%
Last month, Take-Two announced it was “rationalizing its pipeline” by cutting hundreds of jobs and cancelling $140 million worth of in-development projects. Today, it moved ahead with shutting down the studios behind Kerbal Space Program 2 and OlliOlli World, Bloomberg reports. The Week In Games: What’s Coming Out Beyond Alan Wake 2 An employment notice [...]read moreGTA 6 Publisher Axes Roll7 And Kerbal Space Program 2 Devs
Image: Rockstar Games Grand Theft Auto VI publisher Take-Two Interactive announced massive cuts in an SEC filing at the end of business today. The company revealed it will lay off 5 percent of its roughly 11,000-strong workforce and has cancelled several in-development projects valued at $140 million in an effort [...]read moreGTA 6 Publisher Cancels $140 Million In New Game Projects
The grim cadence of video game layoffs continues apace, but this latest news comes with a strange twist. Prytania Media has shut down studio Possibility Space effective immediately. In an email to employees reproduced on social media by Polygon reporter Nicole Carpenter, Jeff Strain, Prytania’s co-founder, seemingly attributed the closure to an as-yet unpublished article [...]read moreGame publisher blames media for studio closure