Board game publishing major CMON slumped to a loss of more than $3m in 2024 - almost double its total profits from the previous three years combined - as falling sales for its crowdfunding campaigns led the company to its lowest annual revenue since pandemic-hit 2020.
Board game crowdfunding giant CMON is laying off staff and halting new game development and campaign launches, citing the ongoing unpredictability in US tariffs.
Merchants Cove and Coloma publisher Final Frontier Games is shutting down with three crowdfunding projects worth nearly $1.4m still unfulfilled - and claims that CMON failing to pay for an agreed Chinese localisation of one title was the "final nail" in its coffin.
Board game crowdfunding giant CMON's long-serving senior manager David Preti has resigned as a non-executive director of the company with immediate effect, citing "other work commitments".
Board game companies across the industry are bracing for price hikes, job losses and the potential shuttering of their businesses after US President Donald Trump unveiled sweeping import tariffs targeting countries across the world yesterday.
Board game crowdfunding major CMON has followed its profit warning from earlier this month by revealing it is likely to miss its stock exchange deadline for publishing its annual financial results, saying its finance department is currently understaffed.
Crowdfunded board game heavyweight CMON has warned it could face losses of more than $2m for its business activity last year, saying the rising cost of living had eaten into its revenues from tabletop game sales.
Tabletop game crowdfunding platform Gamefound has moved a step closer to its hugely ambitious goal of overtaking industry giant Kickstarter in the category this year, with new data seeming to show the latter's tabletop funding total falling for the third year in a row.
Financially-stricken board game publisher Mythic Games has quit trying to complete its $1.3m Kickstarter for kaiju-battling game Monsterpocalypse - one of its last remaining projects after several years of failing to fulfil a string of big-money crowdfunding campaigns.
Crowdfunded board game major CMON has hired the CEO of tabletop gaming YouTube channel Man vs Meeple as its new global director of marketing, as it looks to continue expanding its player base beyond its traditional core market.
