If Daedalic’s restructuring after Gollum’s problems wasn’t enough, even tinyBuild confirms that it is in a particularly delicate moment. The collapse of shares due to the bad financial results of the last quarter has in fact prompted the CFO Tony Assenza to resign.
tinyBuild’s board of directors will therefore be led by Jason Salati: the new Chief Financial Officer of the US videogame company will have the delicate task of guiding the company into a new phase that will lead it to abandon all activities related to publication and distribution of third-party video games.
Henceforth, therefore, tinyBuild will focus on internal project development and promoting them through partnerships with other players in the entertainment industry. According to industry analysts, among the triggers of this restructuring there would be the reduced investments in non-AAA video games and the poor results achieved by Red Cerberus and Versus Eviltwo companies acquired by tinyBuild in November of 2021.
“As CEO and major shareholder, I am disappointed with our latest financial performance,” admits the founder of tinyBuild Alex Nichiporchik in a note that heralds the review of the team’s investments in video game development (already announced and not), as well as the reorganization of some of the internal studios. Over the last few years, tinyBuild has launched titles belonging to the most diverse genres, a rich portfolio of IPs that includes Critter Cove, Slime 3K, Kill it with Fire 2Hello Neighbor 2, Potion Craft Alchemist Simulator e Not for Broadcast.
The ‘new’ tinyBuild will therefore focus on the development and promotion of the games coming from its subsidiaries: the company also plans to “invest a higher budget in a new intellectual property. It will be a title with high replayability and/or great potential like GaaS.”