>Mike Morhaime, co-founder of Blizzard Entertainment, sent a letter to staff at his new company Dreamhaven, stating that the company's games, Wildgate and Sunderfolk, performed below expectations.
>Morhaime wrote that "our monthly expenses are outpacing revenue" and the focus is "urgently reducing costs" to ensure Dreamhaven's survival.
>According to Tim Morten, co-founder of Frost Giant Studios, "the games business has always been inherently hit-driven, but as existing games continue to draw players, competition from other digital media like TikTok has increased."
https://archive.is/kZOrz