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On April 16, 2024, Take-Two Interactive announced plans to lay off 5% of its workforce and cancel several video game projects. The company cited a cost-reduction plan, anticipating total charges of $160 million to $200 million. These measures are expected to be largely implemented by December 31, 2024. [122]
Riot Games laid off about 530 staff. 25 Microsoft Gaming laid off 1,900 staff, and the President of Blizzard Entertainment, Mike Ybarra, left the company. 29 Eidos-Montréal laid off about 100 staff as part of the continuing Embracer Group restructuring. February 7 The Walt Disney Company announced a $1.5 billion investment in Epic Games.
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Hasbro Entertainment is an American production and distribution company. As a division of American toy and multimedia company Hasbro, it serves as the successor of Hasbro Studios/Allspark following the sale of the majority of Entertainment One's assets (except for its family brands division, which has been folded into Hasbro) to Lionsgate on December 27, 2023.
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