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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.
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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