All publications for 20.12.2021

Industry News

Pictolabra lays off entire staff. Management blames MGVC. MGVC denies its involvement in studio’s closure

All 30 employees have been laid off at mobile developer Pictolabra. The studio’s management seems to lay the responsibility on MGVC, an investment division of MY.GAMES, which has pulled the funding Pictolabra relied on. The fund, however, controlled less than 1% of the company and claims it had no say in the matter, while the studio knew about the termination of funding well in advance.