* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, September 9, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

    Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

    Monumental Sports & Entertainment Sets Corporate Direction at Nasdaq – PR Newswire

    Monumental Sports & Entertainment Reveals Bold New Corporate Vision at Nasdaq

    The Secret to What Made ‘CarJack’ Work on As the World Turns – yahoo.com

    The Surprising Secret Behind ‘CarJack’s’ Success on As the World Turns

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Victor Garber on his viral “And Just Like That” toilet scene: ‘I was delighted to be doing something ridiculous’ (exclusive) – yahoo.com

    Pendulum Announce Homecoming 2026 Australian Tour – yahoo.com

    Pendulum Announces Thrilling Homecoming Tour Across Australia in 2026

    ITV Studios Launches New Entertainment Label – Global Bulletin – IMDb

    ITV Studios Unveils Exciting New Entertainment Label

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

    Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

    AI will reshape internet, create jobs in West Virginia says High Technology Foundation’s Estep – WV News

    How AI Is Set to Transform the Internet and Boost Job Growth in West Virginia

    Industry partner provides Ferris State Plastics Engineering Technology students with state-of-the-art equipment to gain in-demand skills – Ferris State University

    Industry Partner Equips Ferris State Plastics Engineering Students with Cutting-Edge Technology to Boost In-Demand Skills

    Health Technology Ecosystem – Centers for Medicare & Medicaid Services | CMS (.gov)

    Discover the Future of Health Technology: Innovations Revolutionizing Patient Care

    Coherent Joins LLNL’s STARFIRE Diode Technology Working Group to Advance Inertial Fusion Energy – GlobeNewswire

    Coherent Partners with LLNL’s STARFIRE Team to Drive Breakthroughs in Inertial Fusion Energy

    Gene Associated With Deadly Heart Disease in Golden Retrievers Identified – Technology Networks

    Breakthrough Discovery Uncovers Gene Behind Deadly Heart Disease in Golden Retrievers

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

John Riccitiello is out at Unity, effective immediately

October 10, 2023
in Technology
John Riccitiello is out at Unity, effective immediately
Share on FacebookShare on Twitter

Unity, the company behind the game development engine of the same name, has just announced that its president, CEO, and chairman John Riccitiello “will retire” effective immediately.

“The Board will initiate a comprehensive search process, with the assistance of a leading executive search firm, to identify a permanent CEO,” reads the press release, adding that James Whitehurst will step in as interim CEO, president, and board member. “Mr. Riccitiello will continue to advise Unity to ensure a smooth transition.”

Notably, Unity’s new interim CEO is an outsider: Whitehurst is an advisor at Silver Lake, a private equity firm that owns about 9 percent of Unity. (He also spent 12 years as CEO of Red Hat, an IBM subsidiary known for a specific flavor of Linux.)

While the press release makes no mention of it, this is happening amidst a giant game industry controversy after Unity introduced a new pricing model and retroactively changed its Terms of Service, breaking trust with many game developers in the process.

Some threatened to never use Unity again, or even switch to a new platform in the middle of developing their next game, because of the fees Unity planned to charge every time their games were installed — regardless of whether those installs were legitimate new purchases or whether their games were developed under a different previous agreement with Unity.

In addition to fears they might get hit with huge bills when the changes took effect, game developers pointed out malicious actors could band together to protest marginalized developers by repeatedly downloading and re-downloading their games. And, they were none too happy to see that Unity had removed its Terms of Service from GitHub, preventing developers from easily tracking changes there.

Unity has since changed its pricing scheme — it will now let developers pay them a flat 2.5 percent of a game’s revenue if they’d prefer not to pay based on “engagement.”

Many were quick to point the finger at Riccitiello personally for the disastrous pricing changes, given his history of making controversial statements and decisions around monetization in the past. Here’s my colleague Tom Warren:

Riccitiello is almost certainly responsible for some of Unity’s growth too. He ran the company for nine years, nearly half its existence, into an era where half of the world’s top games were built using its engine (according to the company’s IPO filing in 2020). But the company has never made a profit, losing hundreds of millions of dollars every year. From the company’s most recent quarterly earnings report:

Since our inception, we have generated losses from our operations as reflected in our accumulated deficit of $2.7 billion as of June 30, 2023. We expect to continue to incur operating losses on a GAAP basis for the foreseeable future due to the investments we will continue to make in research and development, sales and marketing, and general and administrative. As a result, we may require additional capital to execute our strategic initiatives to grow our business.

Perhaps Unity finally felt forced to turn the dial to profit, like so many others, now that it’s more difficult to borrow money. Perhaps a new CEO will turn to cost-cutting instead.

On September 25th, Unity’s Marc Whitten repeatedly apologized for the pricing incident, saying that he was “committed to making sure that we continue to work as hard as we can to earn your trust,” but some developers have decided that they simply don’t trust the company anymore.

“I don’t know of anyone formally retracting their ‘I won’t use unity ever again’ statement,” my colleague Ash Parrish, who’s been reporting on this Unity saga since the beginning, tells me. “I think folks will still use it for in-flight projects but increasingly look for ways out for their next ones.”

Unity says it will release third-quarter results on Thursday, November 9th, and its 2PM PT webcast may be a chance for the company’s interim CEO to begin to address the panic.

Update, 6:15PM ET: Added additional context, including how Unity has never made a profit.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : The Verge – https://www.theverge.com/2023/10/9/23910441/unity-ceo-president-john-riccitiello-out-retire

Tags: RiccitiellotechnologyUnity
Previous Post

The Pixel 8A is curvy and colorful in these first-look leaks

Next Post

X CEO Linda Yaccarino drops out of the WSJ Tech Live conference

Grace for the World: Watch the Live Concert from Vatican City! – Disney Plus

Grace for the World: Watch the Live Concert from Vatican City! – Disney Plus

September 9, 2025
22 Timeless Money Maxims That Hold up in the Current Economy – Money Talks News

22 Timeless Money Maxims That Still Work in Today’s Economy

September 9, 2025
Jobs roundup: September 2025 | Blizzard Entertainment appoints Walter Kong SVP of live games/mobile development – GamesIndustry.biz

Blizzard Entertainment Names Walter Kong as SVP of Live Games and Mobile Development in September 2025 Jobs Update

September 9, 2025
State Health Care Spending Growth Trends Point to Need for Policy Action – Milbank Memorial Fund

Soaring State Health Care Costs Demand Immediate Policy Solutions

September 9, 2025
Fed rate cut optimism lifts stocks, as investors watch politics across continents – Reuters

Fed Rate Cut Hopes Boost Stocks Amid Global Political Watch

September 9, 2025
Pope Leo XIV: Caring for Creation is our vocation – Vatican News

Pope Leo XIV: Caring for Creation is our vocation – Vatican News

September 9, 2025
Ocean Sciences Meeting will convene in Glasgow Scotland, February 2026 – EurekAlert!

Get Ready for the Ocean Sciences Meeting Making Waves in Glasgow This February 2026!

September 9, 2025
The Christian Science Monitor | Grand Juries Usually Approve Indictments. In LA and DC, They’re Pushing Back. – Loyola Marymount University

Grand Juries Typically Approve Indictments-But in LA and DC, They’re Starting to Push Back

September 9, 2025
Lifestyle Communities Finalizes Ocean Grove Land Sale – TipRanks

Lifestyle Communities Finalizes Ocean Grove Land Sale – TipRanks

September 9, 2025
Tri-Counties Bank marks 50 years of growth with focus on technology and personal service – thebusinessjournal.com

Tri-Counties Bank Celebrates 50 Years of Growth Driven by Technology and Personal Service

September 9, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (814)
  • Economy (832)
  • Entertainment (21,709)
  • General (16,937)
  • Health (9,874)
  • Lifestyle (845)
  • News (22,149)
  • People (834)
  • Politics (839)
  • Science (16,041)
  • Sports (21,331)
  • Technology (15,812)
  • World (814)

Recent News

Grace for the World: Watch the Live Concert from Vatican City! – Disney Plus

Grace for the World: Watch the Live Concert from Vatican City! – Disney Plus

September 9, 2025
22 Timeless Money Maxims That Hold up in the Current Economy – Money Talks News

22 Timeless Money Maxims That Still Work in Today’s Economy

September 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version