Big game makers halt sales in Russia, Belarus
“Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks.
NEW RELEASES: This week’s biggest release is Take-Two’s (TTWO) wrestling game “WWE 2K22,” which launches on PC, PlayStation 4 (SONY), PS5, Xbox One (MSFT), and Xbox Series X/S on March 11. Also out this week is Square Enix’s (SQNXF) “Chocobo GP,” a kart racing game based on the “Final Fantasy” franchise. The game launches March 10 exclusively on Nintendo Switch (NTDOY).
RUSSIA: Following Russia’s invasion of Ukraine, Ukrainian Vice Prime Minister and Minister of Digital Transformation Mykhailo Fedorov tweeted out an open letter last week to all game development companies and esports platforms saying that they should leave the Russian market. “I am sure that you will not only hear, but also do everything possible to protect Ukraine, Europe and, finally, the entire democratic world from bloody authoritarian aggression – and I appeal to temporarily block all Russian and Belorussian accounts, temporarily stop the participation of Russian and Belarussian teams and gamers in all international esports events and cancel all international events holding on the territory of Russia and Belarus,” Fedorov said in the letter.
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