The Burndown
In game and film production, a burndown is the chart that tracks how much work is left before a project has to ship.
by Neil HaldarWeekly
The Burndown is a weekly briefing on where games and entertainment meet capital markets: deals, funding rounds, and the strategy moves behind them. Subscribers also get THE BURN, a biweekly take on one thing in the games industry, torn apart.
Free. Written by Neil Haldar for studios, publishers, bankers, investors and family offices. Unsubscribe any time.
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Bank debt, an existing catalog, and what it may say about the next era of games financing.
Paradox sells Playrion, Xsolla buys GamePix, Kakao Games and Krafton back an AI messenger, plus Skydance buyouts and Lionsgate library bonds.
Ten years of funding data, Arkane's Nov. 13 deadline, Supercell and Wildlife buy proven games, Legendary bids for Lionsgate.
The money didn't leave games, it changed shape. Venture went to AI, buyout funds bought the hits, and studios are pitching the wrong pool. Opinion from Neil Haldar.
Fox-Roku wins shareholder approval, the UK weighs a Sky-ITV review, Netflix cuts 6%, Disney bids for Character.AI assets, Tencent backs Flow Games, and more.
AI in games is real, it is here, and the fear is pointed at the wrong things. Opinion from Neil Haldar.
The Burndown: Skydance closes WBD, Xbox launches XP, Fireshine buys Necesse studio, Gardens raises $35M+, and more.
Informational only. Not investment advice, and not an offer or solicitation to buy or sell any security.