Prytania Media has initiated legal action against NetEase. The lawsuit claims defamation led to the studio’s downfall. According to the suit, false statements from NetEase resulted in severe financial strain. This strain caused Prytania Media to lay off 50% of its workforce. The collapse of the studio has been attributed to these layoffs. The numbers reveal a stark reality for the company.
Oscar Hoole
@theoscarhoole
·
Dec 27, 2024 The fall was brutal:
• Comic sales dropped 70%
• Stock fell from $35.75 to $2.375
• Laid off 1/3 of employees
• Couldn’t pay their paper suppliers
They were literally too broke to print comics.
The industry mocked them as ‘dead.
Vara Dark
@Vara_Dark
·
Mar 8 DEI Kills ANOTHER Studio As Iron Galaxy Is Going Under https://youtu.be/olr6jYeBVgg
𝕃𝕒𝕟e
@lanechanged
·
Dec 23, 2024 Party City closes suddenly & files for bankruptcy, firing all their workers w/ no severance rt before Xmas. You can’t tell me they didn’t know what was coming. There’s a carelessness to this timing that feels so arrogant & it’s peak Big Corp behavior.
This is why we hate CEOs.
Jon Stokes
@jonst0kes
·
Feb 1 There is no plan B for their careers. They can’t pivot into some other industry, they have no marketable skills beyond working in the parts of the blob apparatus that are on fire right now. This is the Palisades fire, but in DC — total loss but no insurance or safety net.
Jordan (SonicpoX)
@SonicpoX
·
Feb 25 This is absolutely devastating… everyone at PFG was so passionate and put their heart and soul into everything they did, I hope they all find good work soon as I’d be more that happy to work with any of them again!
Brodrian
@itsBrodrian
·
13h Yup. It’s wild to see replies completely miss the point. We weren’t the decision makers. We did our jobs and we lost everything with one week’s notice.
Insulting staff who are even more hurt and upset then them is insane to me.
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