Still Wakes the Deep developer The Chinese Room regains its independence
Game Developer reported that VC firm Hiro Capital facilitated the Chinese Room's independence deal. Studio head Ed Daly told the publication on Monday that the company is open to partnering with other developers moving forward.
Unfortunately, the studio's good news is tainted with an all-too-familiar story. The studio confirmed to Game Developer that it will lay off an undisclosed number of employees as part of the split. "Following the divestment process, a number of roles were regrettably made redundant," a company spokesperson said. "The specifics are confidential, but the studio is currently 55 developers. This was a very difficult process as we sought a future for the studio outside of Sumo. No more layoffs are planned as the studio moves forward." The Chinese Room / Secret Mode
The "modern horror classic" Still Wakes the Deep isn't all the studio is known for. The Chinese Room also made Little Orpheus , Everybody's Gone to the Rapture and the OG walking simulator, Dear Esther . The UK-based developer is also working on Vampire: The Masquerade — Bloodlines 2 with Paradox Interactive. The long-delayed title is scheduled to launch in October. The Chinese Room is also developing two other unannounced titles.
"This management buyout allows us to scratch the creative itch of continuing to work on new, original intellectual property but also to partner with other studios on other projects when they fit in with our vision," Daly told Game Developer . "This is what we are doing and we want to carry on doing it, so we're happy to carry on in this vein."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Howard Stern's iconic radio show is facing cancelation as his $100M Sirius contract nears its end
Howard Stern's iconic radio show is set to be axed after a two-decade run with the broadcaster SiriusXM, according to a new report. The shock jock's contract with the digital radio giant is up for renewal soon, and SiriusXM doesn't expect he'll take them up on a new offer, sources told British tabloid The Sun. The Howard Stern Show experienced a surge in popularity after it was nationally syndicated on terrestrial radio from 1986 to 2005. Stern, known for his direct and controversial persona, has interviewed dozens of A-list celebrities and even former Vice President Kamala Harris, a month before voters headed to the polls in November 2024. In recent years, he has been openly critical of President Trump, saying he 'hated Trump voters,' and branded them as stupid – an opinion that Trump retaliated to by saying that Stern "went woke" and lost listeners as a result. Stern's contract is up in the fall, and while Sirius is planning to make him an offer, they don't intend for him to take it, an insider told The Sun. 'Sirius and Stern are never going to meet on the money he is going to want. It's no longer worth the investment,' the person added. In 2004, Stern became one of the highest-paid radio figures in the U.S. after signing a five-year deal with SiriusXM worth $500 million. The insider claims that SiriusXM was not going to be able to keep up with paying Stern his salary. "But as far as him coming back to doing the show, there's no way they can keep paying his salary," the source said. "After you saw what happened with Stephen Colbert, it's like they just can't afford to keep him going." Another Sun source said Stern's political views were not working in his favor. "If Sirius isn't going to give Stern a good offer, I don't think it would have anything to do with his ratings," the source claimed. "It's more likely everything to do with the political climate." CBS recently announced that Colbert's The Late Show was set to be scrapped because of 'a financial decision,' however, many speculated that the move came because of the host's frequent satirical blows to Trump. Stern joined SiriusXM at age 50 in response to 'censorship' efforts during his time at Viacom by the Federal Communications Commission, which does not regulate the content of satellite programs. The FCC had been fining Stern's station for over a decade. Stern became the most fined radio host between 1990 and 2004, after the FCC issued fines totaling $2.5 million to radio licensees for airing material it considered to be indecent from his show, the highest amount of any American radio show. During his time as a judge on the talent TV series America's Got Talent from 2012 to 2015, his appointment was criticized by The Parents Television Council, the watchdog group that bemoans any suggestion of sex or profanity on TV, for his "reputation for sleaze and misogyny.' The Independent contacted Stern's representatives and SiriusXM for comment. Solve the daily Crossword
Yahoo
2 hours ago
- Yahoo
Fed will likely need to cut rates in coming months, Daly says
(Reuters) -Citing a slowing labor market and her assessment that tariffs pose only a short-term threat to inflation, San Francisco Federal Reserve Bank President Mary Daly on Wednesday said she believes the U.S. central bank will need to cut interest rates soon. "Inflation, absent tariffs, has been gradually trending down, and with a slowing economy and ongoing restrictive monetary policy, should continue to do so," Daly said in remarks prepared for delivery to the Anchorage Economic Summit, adding that while tariffs will boost inflation in the near-term, they likely won't do so persistently. Meanwhile, she said, the labor market has softened. "I would see additional slowing as unwelcome, especially since we know that once the labor market stumbles, it tends to fall quickly and hard," Daly said. "All this means that we will likely need to adjust policy in the coming months." The Fed decided last week to keep short-term interest rates in their current 4.25%-4.50% range.


Miami Herald
3 hours ago
- Miami Herald
Big pop star is moving to Miami, and he just bought a ‘Housewives' house
Talk about your big time celebrity real estate transactions. 'Real Housewives of Miami' alum Nicole Martin and her attorney fiancé Anthony Lopez just sold their Coral Gables megamansion to pop star Robbie Williams. Price tag: a cool $40 million. Dennis Carvajal with ONE Sotheby's International Realty represented the local power couple, while the British singer was repped by Chad Carroll at Compass, the Miami Herald was told. According to the description on the 19,380-square-foot, seven bedroom, eight bathroom waterfront estate sits on a one-acre peninsula in the exclusive gated enclave of Old Cutler Bay. Lopez and Martin, parents of two, purchased the property, built in 2016, in 2022 for $21.5 million, then gave it a major glow-up, as seen in a few episodes of the Bravo hit. The sprawling, so-called smart home is 'designed for both everyday living and grand entertaining,' with such amenities as a movie theater, wine cellar, gym, massage room/spa, resort style pool, 18-car garage, a dock, plus views for days. As huge as this Mediterranean-style compound is, Bravo reports that Williams has plans to add even more square footage and build a recording studio on site. It's unclear why Martin and Lopez wanted to unload the palatial abode, which came fully furnished, as part of Williams' off-market deal. The anesthesiologist left 'RHOM' last year amid struggles with her mental health, but recently made a guest appearance on the show. She and Lopez also have a stunning retreat in Aspen, Colorado. As for Williams, it's also unclear why the former Take That band member wanted to move to South Florida, besides the obvious reasons. The 'Angels' hitmaker recently sold his Beverly Hills mansion to Drake for $75 million. The music star is married to California native/ 'X Factor' judge Ayda Field and they have four school age kids. Let's give the whole family a warm Miami welcome.