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10/21 14:00

Electronic Arts Cuts 400 Jobs, Shuts Down BioWare

In a letter to staff, Electronic Arts said it will slash around 400 jobs, or roughly 3% of its total workforce, and shut down "Mass Effect" developer BioWare, which it acquired in 2007, Bloomberg's Jason Schreier reports, citing a person familiar with the company's plans. In the letter, EA COO David Tinson and chief studios officer Cam Weber wrote that "over the past several months, we've taken a hard look at our business" and will cancel certain projects, including BioWare's next "Mass Effect" game, which had been in early development, the author notes. The game maker still intends to invest in its sports titles, online shooter "Apex Legends," "Battlefield," and action-adventure games such as the next "Star Wars Jedi" game and a new title based on Marvel's Iron Man, the author says. Publicly traded companies in the space include Microsoft (MSFT), Sony (SONY), GameStop (GME), NetEase (NTES), Nintendo (NTDOY), Take-Two (TTWO), Tencent (TCEHY) and Ubisoft (UBSFY).

10/8 11:30

Circana: U.S. Video Game Spending Dips 9% YoY to $4.3B

Circana analyst Mat Piscatella said that U.S. video game projected total spending across content, hardware and accessories dipped 9% in August when compared to a year ago, to $4.3B. Mobile was the primary driver of the overall August spending decline, falling 18% vs YA. Console content spend declined by 7%, PC content increased by 13%, and subscription grew 3%. August video game hardware spending fell 3% when compared to a year ago, to $302M. Year-to-date hardware spending is 11% behind 2025's pace, at $2.5B. PlayStation 5 (SONY) hardware dollar sales grew 17% in August when compared to a year ago. This growth was offset by 13% spending drops across both Xbox Series (MSFT) and Switch 2 (NTDOY) hardware. Total August 2026 video game hardware unit sales fell 15% versus a year ago to 559k units, the lowest total for an August month since 2013. PlayStation hardware unit sales fell 11% during August when compared to a year ago (to the lowest August total since 2013), while Xbox hardware unit sales declined by 31% (lowest August since 2020). Nintendo hardware unit sales dipped by 15% vs YA. The average price paid for a new unit of video game hardware in the US reached an August record $541. The previous August record was $476, set a year ago. Nintendo Switch 2 led the US hardware market in both unit and dollar sales for both the August and 2026 year-to-date periods. PlayStation 5 ranked 2nd across both measures and time periods. Total content spending declined 10% in August when compared to a year ago, to $3.8B. Year-to-date content spending finished August trailing 2025 by 2%, at $32.2B. Take-Two's (TTWO) "NBA 2K27" was the best-selling game of August in full game dollar sales. It debuted as the #3 best-seller of 2026 year-to-date after releasing in early access on August 26th. Six new releases appeared among the top 10 best-selling video games of August. Among these new releases were EA's "Madden NFL 27," which ranked 2nd overall in full game dollar sales in the month, and Sony's "Marvel Tokon: Fighting Souls," which placed 3rd. Bandai Namco's (NCBDY) "Elden Ring" jumped to 7th on the August best-selling video games chart, up from 41st in July. The Nintendo Switch 2 version of Elden Ring was released in the August tracking period. 2026 year-to-date spending on new physical software has increased by 5% when compared to a year ago, to $738 million. A 631% increase in spending on Game-Key Card physical releases has offset a 3% drop in spending across all other new physical media types. Other top-selling premium games in the U.S. in August, according to Circana, were EA's "Star Wars: Zero Company," Microsoft's "Halo: Campaign Evolved," and Nintendo's "Mario Kart World" and "Splatoon Raiders." Other companies in the video game space include Ubisoft (UBSFY), Tencent (TCEHY), Roblox (RBLX), NetEase (NTES), and Capcom (CCOEY).

10/8 09:30

NetEase Cloud Music Partners with gamma for Strategic Collaboration

NetEase Cloud Music and gamma, the global media and technology company founded by Larry Jackson and Ike Youssef, announced a multi-year strategic partnership that they say "will expand opportunities for gamma.'s global artist roster in China while deepening NetEase Cloud Music's connection to international music and culture." "Under the new agreement, NetEase Cloud Music will serve as a key launch platform for licensed recordings from gamma.'s roster of leading artists, including Ye, Mariah Carey, Sexyy Red, Usher, Snoop Dogg, and more. Beyond music distribution, the partnership will create opportunities for collaboration across artist promotion, cultural exchange, original music content, and other initiatives designed to connect global artists with audiences in China," the companies stated.

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