Unity rises after gaming software maker says canceling 'runtime fee'

Unity Software

12/09/2024 17:40

** Shares of video-game software maker Unity Software  U.N 
rise 7.2% to $18.45
    ** Unity is canceling "runtime fee", a pricing policy,
effective immediately
    ** CEO Matt Bromberg says the company cannot pursue its
mission in conflict with its customers; price increases need not
come in a "novel and controversial" new form
    ** Unity had planned to charge developers each time their
game was installed after certain milestones, like revenue, were
crossed
    ** Company had earlier rolled back key parts of the policy
last year, after its key users, small and independent 
developers, decided to boycott its platform    
    ** Up to last close, stock down ~58% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))