Marvel Snap publisher to close as TikTok maker cuts down on gaming

ByteDance wants to wind Nuverse down
Marvel Snap publisher to close as TikTok maker cuts down on gaming
Marvel Snap publisher to close as TikTok maker cuts down on gaming /

Update (November 27, 2023): The official Marvel Snap account has posted a statement on social media after the reports about publisher Nuverse being set for a shutdown, calming the fears of fans about the game's future:

"Some of our players have expressed their concerns regarding reported structural changes at Nuverse. We wish to thank you for your concern and assure you that regardless of any changes at Nuverse, SNAP will continue to operate and flourish in the future!"


Original (November 27, 2023): ByteDance, the company behind TikTok, is preparing to severely cut down on its core gaming business, according to a report by Reuters, which will mean the shutdown of publisher Nuverse with a likely impact on “hundreds of employees.”

ByteDance created Nuverse as a gaming brand in 2019, but this push into the market has largely been viewed as ineffective. Nuverse’s biggest game has been Marvel Snap, a card game made by Second Dinner under the leadership of former Hearthstone game director Ben Brode. Other hits have evaded the company thus far.

Marvel Snap Rise of the Phoenix
Marvel Snap publisher Nuverse is getting shut down by parent company ByteDance / Marvel

Reuters reported that ByteDance hopes to wind down the operations of Nuverse until the end of December 2023 and is looking to divest from its catalog of released games. Earlier reports have indicated that ByteDance is seeking buyers for game studio Moonton (Mobile Legends: Bang Bang), which it acquired in 2021 for around $4 billion USD.

A spokesperson for ByteDance has confirmed the move towards Reuters, though without divulging any additional details: “We regularly review our businesses and make adjustments to center on long-term strategic growth areas. Following a recent review, we've made the difficult decision to restructure our gaming business.”

This retreat from the gaming industry is only a partial one, with operations related to the casual titles featured on TikTok and its Chinese counterpart Douyin remaining unaffected, according to Reuters’ sources.

2023 has seen many job cuts and studio shutdowns already with Embracer letting go over 900 employees and closing down studios like Volition and Campfire Cabal, job losses at Frontier and Creative Assembly, and big layoffs at Amazon Games, among others.


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Marco Wutz
MARCO WUTZ

Marco Wutz is a writer from Parkstetten, Germany. He has a degree in Ancient History and a particular love for real-time and turn-based strategy games like StarCraft, Age of Empires, Total War, Age of Wonders, Crusader Kings, and Civilization as well as a soft spot for Genshin Impact and Honkai: Star Rail. He began covering StarCraft 2 as a writer in 2011 for the largest German community around the game and hosted a live tournament on a stage at gamescom 2014 before he went on to work for Bonjwa, one of the country's biggest Twitch channels. He branched out to write in English in 2015 by joining tl.net, the global center of the StarCraft scene run by Team Liquid, which was nominated as the Best Coverage Website of the Year at the Esports Industry Awards in 2017. He worked as a translator on The Crusader Stands Watch, a biography in memory of Dennis "INTERNETHULK" Hawelka, and provided live coverage of many StarCraft 2 events on the social channels of tl.net as well as DreamHack, the world's largest gaming festival. From there, he transitioned into writing about the games industry in general after his graduation, joining GLHF, a content agency specializing in video games coverage for media partners across the globe, in 2021. He has also written for NGL.ONE, kicker, ComputerBild, USA Today's ForTheWin, The Sun, Men's Journal, and Parade. Email: marco.wutz@glhf.gg