1h agoHasbro’s Wizards of the Coast Cancels Video Game ProjectsBloomberg News(Bloomberg) -- Hasbro Inc.’s Wizards of the Coast, best known for the Dungeons & Dragons tabletop games, has cancelled at least five video game projects as it scales back its ambitions in the industry.Wizards of the Coast is still “committed to using digital games,” a spokesman said in a statement to Bloomberg, adding that the company has “made some changes to our long-term portfolio to focus on games which are strategically aligned with developing our existing brands and those which show promise in expanding or engaging our audience in new ways.”Fewer than 15 people at Wizards of the Coast will lose their jobs due to the shift and will be given a chance to apply to new roles within the company, the spokesman said.But the reorganization will land hard for several independent studios such as Boston-based Otherside Entertainment and Bellevue, Washington-based Hidden Path Entertainment, both of which were working on games for Wizards of the Coast.The company, which also publishes the popular card game Magic: The Gathering, spent the last few years investing to make a splash in video games.©2023 Bloomberg L.P.FAANG stocks- 6:52Meta has lost consumer trust, favour Alphabet and Amazon for FANG buys right now: Hatem Dhiab- 5:10Stay away from the FAANG, but remain invested in tech: Strategist- 3:57Darren Sissons discusses the FAANG stocks and Microsoft- 5:40Amazon breakout would be a 'really big deal': Fairlead Strategies founder Katie Stockton- 6:33Investors to see 'nothing but blowout earnings' for this quarter: Belpointe's David Nelson- 5:08McCreath: April CPI data spooks equity markets"