GamingParadox to write down Lamplighters League costs, confirms layoffs at Harebrained Schemes
Paradox Interactive has announced it will write down capitalised development costs for The Lamplighters League, and confirmed layoffs occurred at developer Harebrained Schemes earlier this year.
In a post on its website, the Swedish company explained that SEK 320 million ($29.4 million) will be "recognised as costs in the fourth quarter of 2023," which will have an impact on its profit before tax during the same quarter, with losses linked to the title estimated to reach SEK 248 million ($22.8 million).
"The Lamplighters League is a fun game with many strengths," Paradox CEO Fredrik Wester commented. "Even though we see cautiously positive player numbers in subscription services, the commercial reception has been too weak, which is frankly a big disappointment. Game projects are by their nature always risky, but at the end of the day we haven’t performed at the level we should. It is painful but makes us more eager to roll up our sleeves and do better."
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