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Microsoft Says Id Tech Is Safe, Former Staffers Say They’ve Fired Everyone Who Could Save It

Microsoft Says Id Tech Is Safe, Former Staffers Say They’ve Fired Everyone Who Could Save It https://ift.tt/xFsVPMw Id Software was hard hit by the Xbox "reset" this month that saw scores of developers laid off--with more retrenchments on the way--and there's a big fear that the Doom developer could be reduced to a smaller role within the gaming division. Fans of the studio are also concerned with the future of idTech , id Software's proprietary engine that has powered its games through multiple gaming generations, with it possibly being binned in favor of Unreal Engine 5. Officially, Microsoft's company line is that everything is just fine at id Software even after it lost 136 employees--around half the studio--while the developer also posted a statement online where it said that it has all the staff it needs to continue building games and working on id Tech. These statements have been cast into doubt by a new report, where one of the affected id Software...
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CD Projekt Red Reports Major Profit And Revenue Growth Year-On-Year

CD Projekt Red Reports Major Profit And Revenue Growth Year-On-Year https://ift.tt/cVfCq5w

CD Projekt Red has released its earnings report for 2022, and it's looking good for the Witcher and Cyberpunk 2077 developer. The company boasted a 66% increase in net profit, driven by an increase in revenue, and a decrease in CDPR's overall operating costs.

The Polish company reported a revenue of 953 million PLN ($222 million USD) in 2022, up from 888 million PLN ($207 million USD) the previous year, and a net profit of 347 million PLN ($81 million USD), up from 209 million PLN ($49 million USD) in 2021. Despite the upwards trend, CDPR hasn't managed to hit the same level of success it saw in 2020, when Cyberpunk 2077's release caused a massive revenue spike that took its yearly profit to a massive 1.15 billion PLN ($268 million USD).

In its profit and loss breakdown, CDPR showed a 7% increase in revenue year-on-year, a modest figure that's nevertheless impressive two years after the company's last major game release. Despite its rough launch, Cyberpunk 2077 has seen solid sales after CDPR committed to fixing the game's initial issues and adding extra content, with the success of Netflix's Edgerunners anime giving it an extra boost in late 2022.

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