Tag: Industry

Collectibles and toy company Funko Games has shared some bad news with its employees. On Friday last week, the company disclosed in a US Securities and Exchange Commission (SEC) filing that it would be reducing its workforce by about 12-13%, meaning that 180-200 team members will be impacted. The move is part of Funko’s cost-trimming strategy, which will result in...

Widely regarded as "the Nobel Prize of gaming", the Diana Jones Award has celebrated and acknowledged excellence in gaming ever since its inception in the year 2000. Rather than following the model of mainstream tabletop game awards, its jury consists of a closed, mostly anonymous committee of over 50 tabletop game industry professionals. The committee is represented by game...

Embracer Group has provided an update on some of its immediate plans, with the financially embattled company exploring further synergies with its large publishing arm, Asmodee. In its “Year in Brief 22/23,” Embracer Group had a section entitled “Realizing Transmedia Opportunities for Asmodee and Dark Horse,” which is essentially an acknowledgement for the further exploration of video game products...

Artists have been furious with board games publisher Cryptozoic Entertainment and for good reason. Allegedly, the publisher has not paid some of their artists for months on end. The issue has reached a boiling point for some of them, like Brazilian artist Marco Tamura, who published an open letter to Cryptozoic Entertainment on June 12 via Twitter, originally reported...

Hasbro, Inc. (HAS) exceeded all expectations, including those of Wall Street, increasing its quarterly revenue despite heavy criticism and backlash by both content creators and casual fans. Hasbro continues to show strong growth in its digital gaming segment, despite a downturn in toy demand. As of the writing of this article, the company's shares show a growth of about...

Earlier this year, Inside the Box Board Games, announced that it will be liquidated due to insolvency after multiple accusations of unpaid debts and salaries surfaced at the beginning of this year. The announcement came out as a shock, especially considering their more than successful Kickstarter Sub Terra and its sequel Sub Terra II: Inferno's Edge, the very ambitious...

Hasbro, Inc. has published its latest financial report, covering the second quarter of 2022 ended on June 26. The report includes information about revenue, operating profit, net earnings and EBITDA. The company continued to consolidate its growth in the second quarter, achieving a good pace of adjusted operating margin expansion. Wizards of the Coast Drives Results for Hasbro Commenting on this,...

The board games market is set to continue growing at CAGR of 7.31%, a new report on Technavio explains. The report covered several key markets, including US, China, France, Germany and the United Kingdom and profiled a number of established companies in the board gaming sector, to name Atlas Games, CMON, Goliath Games, Grey Fox Games, Hasbro, and Ravensburger...

California-based Peachstate Hobby Distribution, a distributor of board games, sports cards, and toys, has bought out Bliss Distribution Limited, a counterpart based in the United Kingdom. This marks a significant expansion of PHD’s geographic footprint as the Blackburn-based company has operations globally, as well as in its home market in the UK and the European Union. Peachstate Hobby Consolidates Global...