Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-09-13 14:30:45| Engadget

The entire Annapurna Interactive team has left the company after its executives walked out, according to Bloomberg. Apparently, the video game publisher's president, Nathan Gary, had been negotiating with Annapurna Pictures' founder Megan Ellison to spin off Annapurna Interactive into its own entity. A company spokesperson confirmed to Bloomberg that the parties had explored the possibility of a spinoff, but their discussions broke down. Gary and the publisher's other executives had resigned and walked out as a result, and the team's other members had followed suit.  "All 25 members of the Annapurna Interactive team collectively resigned," the team said in a joint statement. "This was one of the hardest decisions we have ever had to make and we did not take this action lightly." Annapurna Interactive, like other publishers, teams up with developers, funds their games, takes care of the QA process and then markets and distributes titles when they're ready for the public. Its partner developers have reportedly been scrambling to find out what the team exodus means for them over the past few days. Bloomberg says Hector Sanchez, an Annapurna Interactive co-founder, assured developers that the company will honor their agreements. Sanchez had been at Epic Games the past five years, but he recently rejoined the publisher as its president for Interactive + New Media. Annapurna will also reportedly hire new staff members to replace those who left, essentially building a brand new team.  "Our top priority is continuing to support our developer and publishing partners during this transition, Ellison told Bloomberg News. Were committed to not only our existing slate of games but also expanding our presence in the interactive space as we continue to look for opportunities to take a more integrated approach to linear and interactive storytelling across film and TV, gaming, and theater." The publisher made a splash when it debuted with What Remains of Edith Finch back in 2017, and it now has a number of critically acclaimed and popular games under its belt. Its games include the cat simulator Stray, a puzzle adventure game featuring a world-hopping beetle called Cocoon, pop album rhythm action game Sayonara Wild Hearts, and action adventure game Outer Wilds, which is set in a solar system trapped in a time loop. This article originally appeared on Engadget at https://www.engadget.com/gaming/annapurnas-entire-video-game-team-has-reportedly-left-the-company-123045395.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

28.11Florida buyers are first to close on a home using AI, saving thousands in realtor fees
27.11Decathlon asks folks to shoot them an invite this Black Friday  for sports, not shopping
26.11SMB Landing Page Optimization Trends
26.11How to Turn a Branded B2B Podcast Into a High-Impact Revenue Engine
26.11With its new course, MasterClass reframes cybersecurity as a must-have skill for consumers
25.11The Top Frustrations B2B Buyers Have With Vendors
25.11How US Professionals Are Building Their Personal Brands [Infographic]
25.11Brand vs. Branding: Aligning Your Brand and Branding Builds Perception and Trust
Marketing and Advertising »

All news

29.11Ashish Kacholia's portfolio shines in FY26: 3 stocks turn multibaggers, 5 fresh Q2 picks
29.11Neighbourhood businesses hit by series of break-ins
29.11Concurrent Gainers: 10 smallcap stocks that gain for 5 days in a row
29.11From mobile phones to cooked frogs, inside London's biggest lost property office
29.11Best dynamic bond funds to invest in November 2025
29.11Whats needed for India to become a leader in PCB manufacturing
29.11The paradox of rate cuts: Why corporate bond yields are hardening instead of falling
29.11Globus Spirits, VRL Logistics among InCred Equities top 10 small, midcap picks with upside potential up to 74%
More »
Privacy policy . Copyright . Contact form .