Paradox Interactive cancels the release of Life by You which impacts the second quarter with MSEK 208 in a write-down
Paradox Interactive (Paradox) has today decided to cancel the release of the game Life by You. This means that the second quarter of 2024 will be impacted negatively by MSEK 208 from the write-down of the game’s total capitalized development costs. For a long time, we’ve held hopes for Life by You and the potential we saw in it, but it is now clear that the game will not be able to meet our expectations. A version that we’d be satisfied with is too far away, and therefore we are taking the difficult decision to cancel the release. Moving forward, we should perform at a much higher level,