Wizards of the Coast President John Hight Resigns

John Hight is stepping down as president of Wizards of the Coast, the company announced in a regulatory filing on July 27. He will remain in the role until September 1, after which he will transition to an advisory position for one year. The move comes after a two-year tenure for Hight, who joined the Hasbro-owned tabletop and digital gaming giant in August 2024 after a 13-year career at Blizzard Entertainment.

The leadership change follows a recent $56 million impairment charge recorded by Hasbro last week, stemming from the cancellation of several video game projects slated for release in 2028 and beyond. While specific titles were not detailed, one known casualty was a Dungeons & Dragons game being developed by Giant Skull, the studio led by Stig Asmussen. Hasbro CEO Chris Cocks stated the company is focusing its digital investments and aims to reduce its digital spending by at least 25% by 2028.

In a statement, Wizards of the Coast expressed gratitude for Hight's leadership and emphasized the ongoing strength of its core businesses. The company stated that its flagship franchises, Magic: The Gathering and Dungeons & Dragons, continue to perform well financially. It also...