Marvel Snap will ‘continue to operate and flourish’ as publisher Nuverse faces restructure
The official Marvel Snap Twitter account claims that the popular collectible card game will “continue to function and thrive in the future” despite reports that its publisher, Nuverse, is facing “structural changes.”
Concerns about the publisher were subsequently raised for the first time Reuters reported this that Nuverse’s parent company, ByteDance (which also owns the social media platform TikTok), told the publication that it had conducted an internal review to “make adjustments to focus on long-term strategic growth areas.” As a result of this review, it has “made the difficult decision to restructure our gaming operations.”
A few hours later the official came Marvel Snap account on Twitter/X wrote: “Some of our players have expressed concerns about the reported structural changes at Nuverse. We would like to thank you for your concern and assure you that regardless of any changes at Nuverse, Snap will continue to function and thrive in the future!”
Dear SNAPPERS, Some of our players have expressed concerns about the reported structural changes at Nuverse. We would like to thank you for your concern and assure you that regardless of any changes at Nuverse, SNAP will continue to function and thrive in the future!November 27, 2023
It is currently unknown what the full impact of this reported restructuring will be. Reuters claims that four sources have told them that employees will be ordered to stop working on unreleased games next month and that the company will look to divest existing games that have already been released. These same sources reportedly say that it is likely that hundreds of people will be affected, and that the company is believed to have no plans to return to the gaming market in the future.
This year, a large number of people within the games industry have been affected by restructuring. Embracer Group – which owns more than 100 studios, including Crystal Dynamics, Deep Silver and Aspyr – has laid off 904 employees as of September 30 as a result of the restructuring program. This also applies to former employees of Saints row studio Volition Games, which closed in August.
Recently, Embracer Group’s interim Chief Strategy Officer spoke about the company’s restructuring: Phil Rogers said job cuts have been a ‘painful process’. but added that “it is necessary for us to achieve our new and necessary goals” and that restructuring is ultimately “the way we win.”
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