Bloomberg: Annapurna Interactive staff resigns en masse after failed spinoff talks

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The entire staff at Annapurna Interactive resigned this month after a dispute with owner Megan Ellison, Bloomberg's Jason Schreier reported, citing people familiar with the situation.

Annapurna Interactive president Nathan Gary and his team are reportedly in talks with Ellison to spin off the video game publishing unit as an independent entity. But when Ellison pulled out of negotiations, Gary and other executives resigned, followed by about two dozen employees.

A spokesperson for Annapurna Interactive confirmed to Bloomberg that the company was exploring becoming an independent entity, but the two sides could not come to an agreement, leading to resignations.

“Our top priority is to continue to support our developer and publishing partners during this transition,” Ellison said in a statement to Bloomberg. “We are committed to expanding our presence in the interactive space, not only our existing slate of games, but also as we continue to look for opportunities to take a more integrated approach to linear and interactive storytelling in film and television, gaming and theater. “

Developers with publishing deals with Annapurna Interactive are reportedly scrambling to find new points of contact to figure out whether the company will continue to fund and publish their games following the mass layoffs.

An Annapurna Interactive spokesperson told Bloomberg that all existing games and projects will remain under the company, and newly appointed president Hector Sanchez has told developers he will honor existing contracts and replace departing staff.

It should be noted that Annapurna Interactive's parent company, Annapurna Pictures, and not Annapurna Interactive itself, recently signed a deal with Remedy Entertainment to co-finance co-production and development. Control 2as well as develop and produce Alan Wake and Control franchise for film, television and other audiovisual formats.

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