https://www.epicgames.com/site/en-US/news/layoffs-at-epic

https://www.theverge.com/2023/9/28/23894266/epic-games-layoffs-fortnite-unreal-engine

Tim Sweeney sent the following email to Epic employees:

As we shared earlier, we are laying off around 16% of Epic employees. We’re divesting Bandcamp and spinning off most of SuperAwesome.

For a while now, we’ve been spending way more money than we earn, investing in the next evolution of Epic and growing Fortnite as a metaverse-inspired ecosystem for creators. I had long been optimistic that we could power through this transition without layoffs, but in retrospect I see that this was unrealistic.

https://www.cartoonbrew.com/business/ntf-value95-of-nfts-are-worthless-finds-new-study-232949.html

https://www.cartoonbrew.com/artist-rights/sag-aftra-votes-to-authorize-video-game-workers-strike-233010.html

SAG-AFTRA members have voted to authorize a strike among video game voice actors and performers, a group of workers who weren’t part of the original actors strike that began back in July.

https://www.smh.com.au/culture/movies/nsw-government-reverses-screen-funding-cuts-after-mounting-pressure-20230926-p5e7pw.html

The NSW government has responded to mounting pressure from the film sector, reversing cuts and restoring funding to develop new screen projects.

Former news

https://if.com.au/nsw-government-confirms-60-million-screen-funding-cut-producers-signal-projects-and-businesses-to-move-interstate/

https://if.com.au/nsw-government-flags-cuts-to-made-in-nsw-fund-pdv-rebate/

https://if.com.au/dneg-slams-proposed-cuts-to-nsw-screen-funding

The NSW Government has signalled it will make cuts to screen funding in next week’s state budget, including the Made in NSW fund, the Post, Digital and Visual Effects (PDV) rebate and the Digital Games Development Rebate Program.

Screen Producers Australia (SPA) has called the proposed changes “devastating”, and argued they will put jobs, revenue and investment growth at risk for years to come. The Media, Entertainment and Arts Alliance (MEAA) similarly said the cuts would damage the state’s credibility and competitiveness as a global film and television “powerhouse”.