The last financial report from Sony states that Bungie lost the equivalent of $765m during the last year alone. That's 7 times the budget of GTA V, almost two Battlefields, or the equivalent cost of Call of Duty development.

Another curiosity: there's no mention of GTA VI for the upcoming financial year (which was supposed to be a driving force). Instead, only the PS5 hardware is expected to bring some revenue.

#Finance@GameDEV
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#PlayStation@GameDEV

Welcome to Highguard the club!

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Bungie gives up on Destiny 2: the game will no longer get any updates after the upcoming final one.

This news appeared after the commercial reports revealed that the studio is the financial black hole and caused over $700m losses for PlayStation during the last financial year alone.

Marathon waves between 3 and 12K CCU daily without any noticeable recovery. And fell to 225th position among top sellers on Steam. Now Bungie is hoping to explore what to do next.

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PlayStation acquired Bungie for $3.6 Bn in January of 2022. The studio that was earning around $200m annually and not growing. One active project, another one in pre-production. No significant IPs in their pockets, no reason to value it that high.

They made it a support machine for all the multiplayer projects (all of which failed commercially or were closed before the release). It diverted their focus from Destiny 2. And now their own Marathon is $700m+ in losses.

What business strategy is that?

#PlayStatioN@GameDEV
#Bungie@GameDEV

The typical I told you so moment: significant number of Destiny 2 developers will be fired and the active development of new games is years ahead.

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First, I have never heard his voice before and he sounds so odd. Second, Bungie can't make Destiny 3 due to budget limitations — the game will require $500m+ to make, they have much less per game:

https://www.youtube.com/watch?v=xXDPYftyIn4
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#Bungie@GameDEV

Bungie published their farewell Destiny 2 video, since the game will no longer get updates:

https://www.youtube.com/watch?v=TyUzUuzlPmY
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Marathon gathered 40K CCU on free week and it even got some marginal sales (at places 50-70th among top sellers on Steam).

But the stream of new players dried out quickly and CCU counter got back to numbers before free week and before the new season.

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#PlayStation@GameDEV

Marathon is getting a PvE mode in July and the new season in September. Items from PvE will stay only for one game, so players will not be able to abuse it against each other.

It's currently №153 by daily active users and №173 by cash flow on Steam.

Unless they will make a miracle, this whole thing is a pure money loss even if they will fire a half of Bungie as it was rumoured.

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#PlayStation@GameDEV