PlaySide Studios Restructures to Focus on Key Projects Amid Leadership Changes

Playside Studios Ltd ( (AU:PLY) ) has issued an update.

PlaySide Studios Ltd has completed a significant restructuring process, reducing its headcount from 334 to 265 to focus on its most promising projects, particularly the Game of Thrones RTS and MOUSE. The company aims to stabilize operations and improve morale through transparent communication and strategic changes, despite the unexpected resignation of co-founder Gerry Sakkas. The leadership team is committed to enhancing game development processes and engaging more meaningfully with shareholders, acknowledging the challenges of maintaining transparency due to non-disclosure agreements and competitive pressures.

The most recent analyst rating on (AU:PLY) stock is a Buy with a A$1.05 price target. To see the full list of analyst forecasts on Playside Studios Ltd stock, see the AU:PLY Stock Forecast page.

More about Playside Studios Ltd

PlaySide Studios Ltd operates in the video game industry, focusing on developing original intellectual property (IP) and contract work for hire. The company is known for its investment in major projects like the Game of Thrones Real Time Strategy game and MOUSE, aiming to deliver premium gaming experiences.

Average Trading Volume: 446,123

Technical Sentiment Signal: Sell

Current Market Cap: A$57.47M

For detailed information about PLY stock, go to TipRanks’ Stock Analysis page.