Xbox CEO Says Current Margins 'Cannot Continue' In Public Letter To Staff
The more things change, the more they stay the same.
As Summer Game Fest draws to a close, it's a fitting time for reflection. Not just on the cool games we saw announced (and there were a bunch), but also on an industry that, in recent years, has reached thrilling new creative and artistic highs alongside deeply depressing lows in the form of layoffs, cancelations and studio closures. Xbox is putting its introspection out in the open.
New CEO Asha Sharma and Chief Content Officer Matt Booty penned a public memo to the gaming company's employees to mark the first 100 days of Sharma's tenure leading Xbox. The takeaways are pretty grim.
For starters, the simple math of Xbox's revenue isn't adding up to success. "Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy,...
Copyright of this story solely belongs to engadget.com. To see the full text click HERE
