Xbox President Sarah Bond recently addressed the recent cuts at Bethesda Studio, citing a stagnant industry growth and the need for effective business management during this transitional period. Bond’s remarks shed light on the challenges facing the gaming industry and the importance of navigating through these changes with strategic leadership.
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
Xbox president Sarah Bond recently addressed Microsoft’s decision to close several beloved studios, emphasizing the need to ensure the long-term health of the Xbox business during what she called a “moment of transition.” Microsoft’s announcement of the closure of studios like Arkane Austin and Tango Gameworks, part of Bethesda owner ZeniMax, sent shockwaves through the gaming world. The company acquired ZeniMax in 2021 for $7.5 billion and later acquired Activision Blizzard for $69 billion.
In response to the cuts, head of Xbox Game Studios Matt Booty cited a “reprioritization of titles and resources” as the reason behind the decisions. However, the move has drawn criticism from the development community and Xbox fans, especially considering the success of titles like Hi-Fi Rush.
Bond, in an interview with Bloomberg, acknowledged the industry’s lack of growth and emphasized the need to make gaming more accessible while addressing the rising costs of game development. She expressed Xbox’s commitment to navigating this transition while ensuring the business remains healthy in the long run.
Regarding the closure of ZeniMax studios, Bond highlighted the unique challenges and factors considered in such decisions, emphasizing Xbox’s dedication to creating quality games and supporting its studios and partners. Despite the recent cuts, Xbox remains committed to a diverse gaming lineup, from blockbusters like GTA to indie titles like Pentiment.
The closure of Tango Gameworks, known for Hi-Fi Rush, raised questions about the viability of successful studios being shut down. Bond emphasized the individual nature of each studio and game team, with decisions made to support long-term goals and promises.
While Xbox leadership addressed staff concerns during a town hall meeting, challenges around revenue, Game Pass growth, and rising development costs within the gaming industry continue to be a focus. The decision to close certain studios was influenced by the need to ensure overall business health and adapt to industry shifts.
As the gaming landscape evolves, Xbox remains committed to its vision, navigating challenges, and supporting its teams through difficult transitions.
Image credit: Bloomberg Live / YouTube.
This news article was written by Wesley, the UK News Editor for IGN. Connect with him on Twitter at @wyp100 or email [email protected] for more information or confidential inquiries.
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
1. What led to the recent cuts at Bethesda Studio?
The cuts were necessary due to the lack of industry growth and the need to manage the business during this time of transition.
2. How will the cuts impact Bethesda’s upcoming projects?
We are confident that our talented team will continue to deliver high-quality games despite these challenges.
3. Will there be any changes to the overall direction of Bethesda Studio?
While there may be minor adjustments to our approach, our commitment to creating immersive gaming experiences remains unchanged.
4. How will this decision affect employees at Bethesda?
We are working closely with affected employees to ensure a smooth transition and provide support during this time.
5. What steps is Xbox taking to support Bethesda Studio moving forward?
Xbox is dedicated to helping Bethesda navigate this transition and continue to thrive in the gaming industry.
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
