Swedish company Thunderous last year the company released such successful games as Viewfinder or Planet Lana. Despite this, on the one hand, its sales fell, on the other, it recorded a loss of $60 million. High costs and a bad year for distribution are to blame. The publishing house is resorting to restructuring.
The poor 2023 financial results were primarily due to a pair of distribution companies. Bergsala And Scandinavian game supplies. The former is Nintendo’s exclusive distributor in the Nordic countries, and its sales are in line with the decline in Nintendo Switch sales. With the release of a successor to the Japanese console, Bergsala should be in a better position again.
Thunderful plans to lay off about 20% of its workforce, which currently numbers more than 500 people. The company wants to cut costs by $8.7 million to $10.7 million. “While the work is just beginning, we are well on our way to creating a shared vision for how the company should be run in the future,” the CEO writes. Martin Walfisch.
There are also plans to sell the publishing house Bewarewho is behind the series, for example Bridge constructor. “Headup, which publishes relatively small indie games, does not fit into Thunderful’s new strategy. In addition, we do not need two separate publishers, and future publishing activities will be carried out exclusively through Thunderful Publishing,” explains Walfisch.
Source :Indian TV
