Unity to close 14 offices, amend Wētā FX deal; $131M charge, $114M revenue

Unity Software Inc.

Unity committed to close offices at ~14 locations; costs not yet estimable, expected in Q4 2023/Q1 2024.
Amended agreements with Wētā FX; terminated service obligations and amended IP rights.
Will recognize ~$114M in deferred revenue and additional consideration in Q4 2023.
Will expense ~$131M recorded cost of related contract intangible asset in Q4 2023.

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