Horror maestro Mike Flanagan joins Henry Cavill on Warhammer adaptations
The news about Games Workshop's screen adaptations came in its annual financial report, external, where it announced record-high results. It said pre-tax profit was up
The news about Games Workshop's screen adaptations came in its annual financial report, external, where it announced record-high results. It said pre-tax profit was up 4.9% to a record £275.7m for the fiscal year. Last year, there had been concerns the company's models, which are manufactured at its headquarters in Nottingham, would be hit by US president Donald Trump's tariffs.
Chief executive Kevin Rountree said the company had paid about £12m in tariffs, but was able to reclaim £7.8m following a US Supreme Court ruling. Following changes to US rules, Rountree said, the company expected to pay about £13m in tariffs in the next business year, and would continue trying to boost efficiency to save money. "Unlike some companies, we do not consider tariffs as an exceptional item, but rather part of the uncertainty of operating globally," he said.
Rountree also doubled down on Games Workshop's stance on Gen AI. He said the company does not use it in "our product design nor on the creation of our IP, this will protect the integrity and ownership of our IP". However, he said it was "difficult for us to say we are not using AI outside of the Warhammer studio" because tools appear to be "automatically included in third party software whether we like it or not".
It was "something we are just going to have to potentially live with and monitor carefully," he added.
The BriefWire