Paradox Interactive CEO Admits Mistakes, Cites Life by You Cancellation as a Setback
Paradox Interactive's CEO, Fredrik Wester, acknowledged missteps in a recent financial report, specifically highlighting the cancellation of the life simulation game, Life by You, as a significant error. While the company reported strong overall financial performance driven by established titles like Crusader Kings and Europa Universalis, Wester openly admitted to strategic missteps in projects outside their core competency.
The cancellation of Life by You, a considerable investment nearing $20 million, represents a notable departure from Paradox's usual strategy game focus. Despite initial promise, the game ultimately failed to meet expectations, leading to its cancellation on June 17th.
Further compounding the challenges, the release of Cities: Skylines 2 was hampered by performance issues, and Prison Architect 2 faced repeated delays. These setbacks, coupled with the Life by You cancellation, underscore the need for a strategic reassessment of Paradox's game development approach.
Wester emphasized the company's strong foundation built upon the success of its core franchises. The acknowledgement of mistakes, paired with a renewed focus on these core titles, signals Paradox Interactive's commitment to delivering high-quality gaming experiences for its player base.