Sony may seize Bungie if Destiny 2 falters
Dec 07, 2023 11:54 AMDestiny 2's developer Bungie faces the possibility of a full Sony takeover if the studio does not meet its financial goals, which were set upon Sony's acquisition in 2022 for $3.6 billion. Despite Bungie CEO Pete Parsons' previous assurance of independence, Sony has an option to dissolve Bungie's board for missing revenue targets. Due to fear of takeover, Bungie laid off approximately 100 employees, introduced cost-cutting measures, and is battling low morale within the team. Poor player retention rates post-Lightfall expansion and backlash against perceived 'pay-to-win' practices add to the challenges, while awaiting the delayed release of "The Final Shape" expansion now set for June 2024. Despite the internal turmoil, Destiny 2 garnered a nomination for best community support at The Game Awards.
How has the potential Sony takeover affected Bungie’s operations?Bungie has instigated layoffs, implemented a hiring freeze, cut travel budgets and bonuses, and suspended benefits as part of cost-cutting measures, along with experiencing lowered employee morale, all in anticipation of meeting Sony's financial expectations to maintain its independence.
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Jordan Keats is a former professional gamer turned journalist, whose competitive background gives them a unique perspective on esports and multiplayer games. Jordan's expertise in strategy and game mechanics is unmatched, offering readers a deeper understing.
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Stimpy commented on: 2023-12-07 12:18:08
Gotta say, the pressure from Sony's potential takeover is hitting Bungie harder than a Cabal drop pod. It's rough seeing a fan-favorite like Destiny 2 caught in the crossfire of corporate targets; fingers crossed they navigate through this without losing their spark.
Miss Peachy commented on: 2023-12-07 12:08:08
It's tough to see Bungie going through such a rocky patch, especially after the high hopes post-acquisition. While they try to keep the ship afloat amidst financial pressure, it's a real testament to the team's strength that Destiny 2 is still pulling in accolades for community support. 🌟🎮
