Destiny 2’s Peaceful Farewell Update | Analysis by Brian Moineau

TL;DR

  • Destiny 2’s last trailer tees up Monument of Triumph on June 9, 2026, with Ikora Rey’s “rest now, Guardian” sendoff as Bungie ends active development while keeping servers online for the Last City faithful. [1][2]
  • This is a freeze, not a funeral: Sony booked roughly $765–766 million of Bungie impairments for FY2025 (ended March 31, 2026), so halting Destiny 2’s update treadmill caps burn and preserves goodwill for a long‑tail “collection” product. [4][5]
  • The patch rewires the economy and access model—daily Bright Dust rotations, a single Destiny 2: The Collection SKU, and Sparrow Racing League’s return—signaling a playable museum that’s stable, light‑touch, and still monetizable. [2]

What the source said

Forbes reported on June 5, 2026 that Bungie released what is likely Destiny 2’s final trailer, pairing the June 9 Monument of Triumph update with imagery of the healed Traveler over the Last City and narration from Ikora Rey. The article lists reprised weapons and new armor sets, emphasizes Sparrow Racing League’s return as the “last new mode,” and notes lingering lore threads like “bind the Nine” left unresolved. It captures a tone of elegy and finality while acknowledging players’ hope for a hypothetical Destiny 3 that isn’t greenlit in 2026. [1]

Why it matters

  • Bungie is shifting from “forever updates” to preservation: on May 21, 2026, the studio said Monument of Triumph on June 9, 2026 marks the end of active development for Destiny 2, with servers staying online—echoing Destiny 1’s museum state after Age of Triumph in 2017. That reframes Destiny 2 as an evergreen product, not a growth treadmill. [2][1]
  • The portfolio math is visible in Sony’s filings: across FY2025, Sony recorded about $765–766 million in impairment losses tied to Bungie, including a $204 million hit disclosed in Q2 FY2025. In that light, ending Destiny 2’s live ops looks like risk containment while Bungie incubates new games such as Marathon. [4][5]

Original analysis

Consensus says: “Ending updates for Destiny 2 is a tragedy driven by corporate missteps.” Contrarian read: freezing Destiny 2 now is the least‑bad option that preserves the IP’s cultural equity and stops a cost spiral as engagement slid on PC; in March 2026, Steam concurrency hit all‑time lows per third‑party trackers, a trend that contextualizes Sony’s impairments and Bungie’s pivot. [7][5]

Named‑stakeholder breakdown

  • Bungie: Converts Destiny 2 into a curated museum with a lean maintenance team while staking the studio’s future on “next games.” The blog’s concrete changes—daily Bright Dust rotations, Destiny 2: The Collection, and permanent markdowns—optimize for a low‑friction, long‑tail economy. [2]
  • Sony Interactive Entertainment: Halting live updates caps opex and narrows reputational damage while SIE absorbs ~$765 million of write‑downs, testing whether Marathon or other bets can justify the $3.6 billion Bungie acquisition announced in 2022. [5][4]
  • Competitors (Warframe/Digital Extremes; Ubisoft’s The Division 2): They can court disaffected Guardians, but they also receive a warning about expensive content treadmills; Warframe’s creative director publicly called Destiny 2’s end “unthinkable,” underscoring the shock inside the live‑service cohort. [3]

2x2 framework: How live‑services “end”

  • High trust, Low burn: Curate and freeze (Destiny 2: Monument of Triumph in 2026).
  • High trust, High burn: Reinvent live (FFXIV: A Realm Reborn–style reboot; rare and risky).
  • Low trust, Low burn: Silent maintenance (servers on, minimal comms; reputational rot).
  • Low trust, High burn: Grind on with weak cadence (players churn; money vanishes).

Historical analogue (2017): Destiny 1’s Age of Triumph

  • In March 2017, Bungie closed Destiny 1’s update era with Age of Triumph—a celebration patch with revived raids and a pledge to keep servers on—then shifted momentum to Destiny 2’s September 2017 launch. Monument of Triumph echoes that playbook in 2026, but without a sequel waiting; Bungie frames this as the studio’s “new beginning,” not Destiny’s. Expect the museum to retain a core while attention migrates to whatever Bungie ships next. [1][2]

Back‑of‑envelope calculation (illustrative, not a forecast)

  • Assume a live‑ops Destiny 2 team of 300 developers at a loaded cost of $180,000/year each (salary, benefits, tools) = ~$54,000,000/year.
  • If the freeze reduces to a 60‑person maintenance crew at the same loaded rate = ~$10,800,000/year.
  • Implied opex relief ≈ $43,200,000/year, before savings on contractor art pipelines, external QA, and seasonal marketing; even at ±25%, the order of magnitude explains a freeze after ~$765–766 million in impairments. [5]
  • On revenue, a maintenance‑state Eververse plus a “Collection” bundle can still generate mid‑single‑digit millions annually; the new daily Bright Dust rotations and broader ornament access point to slow‑drip, goodwill‑first monetization. [2]

Why this isn’t just a content funeral

  • The Bungie post reads like product management, not an epitaph: a refreshed Director, Pantheon 2.0, set bonuses across raids/dungeons, Distortions on destinations, and Sparrow Racing League as a permanent pillar, all free for every platform on June 9, 2026. That ships years of asks at once so the final “frozen” state feels generous. [2]
  • PC and console press also confirm an explicit in‑game goodbye rather than a fade‑out—“yes, there’s story; yes, we get to say goodbye”—which gives The Final Shape era emotional closure and tempers petitions for a last‑minute Destiny 3. [6][1]

What others are missing

The endgame is economic design, not lore closure: Bungie reworked the reward economy and access model to minimize weekly FOMO and support tickets—daily Bright Dust rotations, Bright Engram focusing, tiered armor/weapon parity across legacy raids/dungeons, and a single Destiny 2: The Collection SKU with permanent markdowns across Steam, PlayStation, and Xbox. That cocktail compresses balance work into clear tiers, broadens cosmetic access without constant store overhauls, and yields a preservation‑first monetization scheme that can run for years with low staffing and low controversy. [2]

What to watch next

  1. By September 30, 2026, after the “Immortal” title deadline, Destiny 2’s Steam 7‑day average concurrency will be ≥20% below its June 9–16, 2026 7‑day average, and October 2026’s day‑to‑day standard deviation will be lower than any Episode month in 2024–2025 (per SteamCharts or similar trackers). [2]
  2. By December 31, 2026, Sony IR materials will report no new Bungie‑specific impairment charge ≥$50 million beyond the ~$765–766 million recorded for FY2025; any additional write‑down above that threshold would falsify this. [4][5]
  3. By March 31, 2027, Destiny 2: The Collection will either be priced at $29.99 USD MSRP or less on at least two storefronts (Steam, PSN, Xbox), or will include all remaining expansion SKUs at no extra charge inside the bundle. [2]

My take

If you love Destiny, log in on June 9, 2026 and savor Monument of Triumph, because Bungie is closing a 2017–2026 era with uncommon grace. The studio is making the only defensible move after a brutal FY2025: lock an iconic game in a generous, fan‑friendly state and move on from an opex‑heavy treadmill that no longer cleared the bar. Sony’s ~$765 million impairments forced a sober reset; the museum model protects Destiny’s cultural equity while Bungie builds something that actually merits a fresh runway. [2][5]

Sources

  1. Destiny 2’s Last Trailer Ever Is Heartbreaking — Forbes (https://www.forbes.com/sites/paultassi/2026/06/05/destiny-2s-last-trailer-ever-is-heartbreaking/) — Frames the June 9, 2026 trailer, Ikora’s narration, and Sparrow Racing’s return.
  2. Destiny 2: Every End is a New Beginning — Bungie.net (https://www.bungie.net/7/en/News/Article/d2_may_21_2026) — Confirms June 9, 2026 end of active development and details economy changes and The Collection.
  3. Destiny 2 Ending New Content Is “Unthinkable,” Warframe Dev Says — GameSpot (https://www.gamespot.com/articles/destiny-2-ending-new-content-is-unthinkable-warframe-dev-says/) — Provides a peer studio’s on‑record reaction.
  4. FY2025 Q2 Earnings Announcement Q&A — Sony IR (https://www.sony.com/en/SonyInfo/IR/library/presen/er/pdf/25q2_qa.pdf) — Discloses a $204 million impairment tied to Bungie in Q2 FY2025 and related commentary.
  5. Sony records a $766 million impairment loss against Bungie for the 2025 financial year — PC Gamer (https://www.pcgamer.com/gaming-industry/sony-records-a-usd766-million-impairment-loss-against-bungie-for-the-2025-financial-year-a-1-2-punch-of-destiny-2-and-marathon-failing-to-meet-its-expectations/) — Aggregates the ~$765–766 million FY2025 impairment total and Marathon context.
  6. Destiny 2 lead says the final update won’t just fade out — GamesRadar (https://www.gamesradar.com/games/destiny/destiny-2-lead-says-the-final-update-wont-just-fade-out-yes-theres-story-yes-we-get-to-say-goodbye/) — Confirms the “say goodbye” narrative inside Monument of Triumph.
  7. Destiny 2 player counts drop to lowest point ever on Steam — TweakTown (https://www.tweaktown.com/news/110476/destiny-2-player-counts-drop-to-lowest-point-ever-on-steam/index.html) — Documents March 2026 Steam lows to illustrate engagement decline.

RuneScape: Dragonwilds Heads to PS5 | Analysis by Brian Moineau

TL;DR

  • RuneScape: Dragonwilds is coming to PlayStation 5 in late 2026 as a day-one PlayStation Plus Extra/Premium catalog title, the RuneScape IP’s first proper console landing in 25 years. [1][2]
  • Jagex isn’t porting the click-heavy MMO; it’s leading with a survival-crafting spinoff that already cleared 1 million PC sales and holds a “Very Positive” Steam rating—both strong signals for controller-first play and PS Plus discovery. [1][3][5]
  • The upside is outsized: PlayStation Network counted 132 million monthly active users in 2024, and 38% of PS Plus members pay for Extra or Premium, so even modest catalog sampling could rival Dragonwilds’ 1 million–player PC start. [7][8][1]

What the source said

IGN reported that RuneScape: Dragonwilds will launch on PlayStation 5 “later in 2026” and join PlayStation Plus Extra and Premium on day one, marking the franchise’s first console appearance since RuneScape began on PC in 2001. The spinoff swaps MMO interfaces for 1–4 player survival crafting on Ashenfall, where parties build skills and hunt the Dragon Queen. IGN and the official site add that Dragonwilds has sold over 1 million copies on PC and holds a “Very Positive” Steam user rating. The main RuneScape and Old School RuneScape clients remain on PC and mobile with no console versions announced. [1][3][5]

Why it matters

Two stakeholder groups stand to gain—or stumble—here. For Jagex, this is a controlled expansion that avoids reworking a two-decade-old MMO UI for gamepads while extending 25 years of Gielinor lore into a controller-native loop. Survival crafting suits pick-up-and-play on PS5, pairs well with subscription sampling, and can onboard lapsed players into the wider RuneScape universe if events and progression land cleanly. [3][4]

For Sony, Dragonwilds is a 2026 proof point that third‑party day-one PS Plus Game Catalog drops can boost engagement. Tchia hit 1 million players in six weeks via PS Plus in 2023, and a co-op survival title with RuneScape’s brand gravity gives Extra/Premium a sticky fall window anchor on PlayStation 5. [2][9]

Original analysis

RuneScape: Dragonwilds on PS5 — why a survival-crafter is the beachhead

The consensus take is “RuneScape finally comes to console.” The contrarian read: Jagex is sidestepping a costly, risky MMO port by building a console-native pillar in the same universe. Survival crafting directly tackles the three console MMO blockers—fiddly UI, marathon sessions, and upfront price hesitance—by leaning into controller-friendly loops (gather, craft, base-build, boss runs) and launching straight into PS Plus Extra/Premium to kill purchase friction. [2][3]

Back-of-envelope reach math (scenario, not a forecast):

  • PC baseline: 1.0 million Early Access players on Steam and PC storefronts. [1][3]
  • PS Plus gating: 38% of PS Plus members are on Extra or Premium. Let N = total PS Plus subscribers; Extra+Premium members ≈ 0.38N. [8]
  • Solve for “match PC in month one”: 0.06 × 0.38N ≈ 1.0m → N ≈ 43.9m. So, if PS Plus sits near 44m subscribers at launch, a 6% try rate among Extra/Premium would yield ≈1.0m players (0.06 × 0.38 × 43.9m ≈ 1.0m). This is sensitivity analysis, not a prediction. [8][1]
    This mirrors prior day-one catalog outcomes: Tchia crossed 1 million players in six weeks, showing how visibility and low-friction access can bend the player curve for smaller teams. Dragonwilds adds co-op stickiness that single‑player catalog darlings often lack. [9][2]

Named-stakeholder breakdown:

  • Jagex: Gains a console beachhead without rewriting RuneScape’s legacy client and can test cross-progression, live events, and monetization on a cleaner surface. If Dragonwilds retention holds, Jagex proves the IP travels and can route players between PC and console ecosystems. [3][4]
  • Sony (SIE): Banks a late‑2026 co-op time sink that reinforces PS Plus Extra/Premium’s value without first‑party day-one spending, and can showcase third‑party partnerships in State of Play beats. [2]
  • Steam/PC survival incumbents (Valheim‑likes, Enshrouded, Palworld‑adjacent): Face a brand-backed entrant with 25 years of lore and a studio trained on live ops cadence, which could accelerate updates if console traction feeds PC content. [4][5]
  • RuneScape MMO loyalists: Don’t get a console client yet, but do get a lore-forward on‑ramp for friends and lapsed players, with potential cross-event hooks if RS25 beats sync across titles in 2026. [4]

A visible strategy shift shows up in 2025–2026 comms: Jagex’s RS25 program emphasizes “player‑first design” and integrity roadmaps, while Dragonwilds’ updates highlight dedicated servers and steady content drops. That rhythm matters on console, where shorter sessions and party churn punish slow weekly cadence. [4][3]

2×2: IP carryover vs. porting friction

  • High IP carryover / High friction: Port RuneScape MMO to console (heavy UI/UX/controls lift across 20+ years of content).
  • High IP carryover / Low friction: A guided console client with cross‑save and slimmed interfaces (rare without a multi‑year rebuild).
  • Medium IP carryover / Low friction: Dragonwilds spinoff—shared lore, controller‑first design, subscription distribution.
  • Low IP carryover / Low friction: New IP survival‑crafter—cleanest controls, zero heritage draw.

Dragonwilds sits in the third box. It captures brand equity while optimizing for console ergonomics and subscription incentives, and it can ladder into deeper crossovers—or even a modernized MMO console client—if retention and party formation metrics clear 2026 targets. [2][3]

What others are missing

The critical angle isn’t just “reach,” it’s the co-op slope: time from a PS5 dashboard ping to a four‑stack in Ashenfall, and back again the next night. That slope depends on frictionless parties, clear cross‑play/cross‑progression messaging on the PS Store page, and resilient servers at PS Plus scale; Jagex has name‑checked dedicated servers and regular updates, but console retention hinges on how base building, enemy AI, and late‑game bosses recycle the social loop week after week. If Dragonwilds maps RuneScape‑style skilling and boss rotations onto PS5 parties—and says so clearly in pre‑launch beats—it can avoid the one‑and‑done catalog trap. [3][5]

What to watch next

  1. By September 30, 2026, Jagex announces cross‑play and cross‑progression specifics between PS5 and PC for Dragonwilds—or explicitly confirms “not at launch”—which will materially cap or expand first‑month co-op growth. [3]

  2. By November 30, 2026, Dragonwilds surpasses 2.5 million cumulative players on PlayStation, verified via a Jagex blog, PS Wrap‑Up stats, or press statements; this requires a 10–15% try rate among active Extra/Premium members at launch. [2][3]

  3. By Q1 2027 earnings, Sony cites Dragonwilds (or “survival‑crafting titles”) as a top PS Plus engagement driver for fall 2026 in a blog or investor post, echoing how prior catalog performers were spotlighted. [2]

My take

Launching Dragonwilds into PS Plus Extra/Premium in late 2026 gives Jagex immediate reach on PlayStation 5 while avoiding a risky RuneScape MMO port, and it hands Sony a co-op tentpole when subscription momentum matters. The bet works if parties form fast, progression climbs weekly, and server reliability holds at PSN scale. If those basics click, Dragonwilds becomes the franchise’s second pillar in 2026–2027, not a side story. Jagex and Sony both get measurable wins without overextending on a two‑year port of a 2001‑era client. [2][3]

Sources

  1. RuneScape IP Makes the Jump to Console for the First Time in Its 25-Year History With RuneScape: Dragonwilds Later in 2026 — IGN (https://www.ign.com/articles/runescape-dragonwilds-launches-on-consoles-later-in-2026-sony-picks-up-spinoff-for-ps-plus) — Original report: PS5 timing, PS Plus day‑one, 1M PC copies, Steam sentiment.

  2. State of Play June 2026: all announcements, trailers — PlayStation Blog (https://blog.playstation.com/2026/06/02/state-of-play-june-2026-all-announcements-trailers/) — Official confirmation of Dragonwilds’ PS5 reveal and day‑one Game Catalog positioning.

  3. Dragonwilds comes to PlayStation 5! — Dragonwilds official site (https://dragonwilds.runescape.com/news/dragonwilds-ps5) — Jagex’s PS5 announcement: “later this year,” PS Plus Extra/Premium, update cadence mentions and Early Access milestone.

  4. Jagex Marks RuneScape’s 25th Year with RS25… — Jagex press release (https://www.jagex.com/news/jagex-marks-runescape%E2%80%99s-25th-year-with-rs25-delivering-record-investment-a-dedicated-game-integrity-roadmap-new-game-modes-player-first-design-and-franchise-expansion) — Confirms 2026 franchise roadmap, integrity focus, and franchise expansion framing.

  5. RuneScape: Dragonwilds — Steam store page (https://store.steampowered.com/app/1374490?l=english) — Live user review status: “Very Positive,” review count context, Early Access positioning.

  6. RuneScape: Dragonwilds is coming to PlayStation Plus on day one — VGC (https://www.videogameschronicle.com/news/runescape-dragonwilds-gitaroo-man-ps-plus/) — Independent recap of PS Plus day‑one and late‑2026 window.

  7. PlayStation Network sets a new monthly active users record — Shacknews (https://www.shacknews.com/article/147748/playstation-network-monthly-active-user-record?amphtml=1) — PSN at 132 million MAUs and context for platform‑level reach.

  8. 38% of PS Plus Members Are Paying More for Extra, Premium — Push Square (https://www.pushsquare.com/news/2025/06/38percent-of-ps-plus-members-are-paying-more-for-extra-premium) — Tier mix data (22% Premium, 16% Extra) informing sampling scenarios.

  9. Tchia tops one million players in six weeks — Gematsu (https://www.gematsu.com/2023/05/tchia-tops-one-million-players-in-six-weeks-physical-edition-launches-july-18) — Evidence that day‑one PS Plus catalog launches can rapidly amass players.




Related update: We recently published an article that expands on this topic: read the latest post.

When The Last of Us Multiplayer Died | Analysis by Brian Moineau

When a Beloved Franchise Almost Went Live: The Last of Us Multiplayer's Rise and Fall

The Last of Us Multiplayer quietly became one of gaming’s most bittersweet “what if” stories. Fans remember Factions — the tense, soulful multiplayer mode from the 2013 original — and many hoped Naughty Dog would return to that magic. The Last of Us Multiplayer, a standalone live-service project often called Factions or The Last of Us Online, grew into an ambitious effort over several years, only to be dramatically scaled back and reportedly cancelled after being “about 80%” complete. (darkhorizons.com)

Why this mattered

For context, Naughty Dog built its reputation on cinematic, character-driven single-player games. Shifting a studio like that into the world of AAA live service multiplayer is not just a technical challenge — it’s a cultural and business pivot. The Last of Us multiplayer started as an extension of The Last of Us Part II’s ideas, evolved into a full project, and attracted big internal investment and high expectations. Yet, in a development landscape increasingly dominated by persistent online games with huge upkeep costs, the studio faced a trade-off: finish and support a sprawling live service, or refocus on the narrative experiences that define Naughty Dog. (dexerto.com)

  • It reportedly spent years in development — some sources say around seven years — and reached a late stage before being shut down or heavily reassessed. (gamesradar.com)
  • Internal voices and external partners were involved: there were reports of consultations and reviews, including input from other studios. (gamesradar.com)

What “80% done” actually means

Saying a game was “80% done” can be emotionally charged and technically misleading. Developers and studios measure progress differently. Often the visible systems, art, and core loops make up a large portion of early progress, while the remaining 20% can include the hardest parts: balancing, server infrastructure, anti-cheat systems, live ops tooling, monetization frameworks, and long-term support planning.

In other words, 80% might mean the prototype and many fundamentals existed — but not that the game was ready to ship or sustain a live community at scale. Reported quotes from former leads emphasize how close the project felt internally, yet also how daunting the last stretch was. (darkhorizons.com)

The industry tug-of-war

Transitioning from single-player excellence to live service success is difficult for any studio. There are several pressures that informed Naughty Dog’s decision-making:

  • Live services require continuous content updates, community management, and significant post-launch support teams.
  • AAA live games need long-term monetization strategies and technical backbones for servers, matchmaking, and anti-cheat.
  • Prioritizing one major live project can siphon talent and resources away from cinematic single-player titles, which often define a studio’s brand and revenue potential.

Because of these factors, Naughty Dog reportedly chose to reallocate resources toward other single-player projects, like the studio’s secretive Intergalactic: The Heretic Prophet, rather than commit to the long-term demands of an online Last of Us. That choice underscores a broader industry reality: not every beloved IP benefits from becoming a live service. (gamesradar.com)

What fans lost — and what they still have

Fans lost more than a potential new game; they lost a vision of how The Last of Us could translate into persistent, emergent multiplayer storytelling. Many players long for a refined, narrative-aware PvP experience that retains the franchise’s emotional weight.

However, there are silver linings:

  • The original Factions remains a touchstone and a design reference for team-based tension. Re-releases and memories keep its spirit alive.
  • Knowledge and prototypes from the canceled or paused project may inform future Naughty Dog work or inspire smaller-scale multiplayer experiments from former team members. (gamerant.com)

A closer look at the timeline

To clear confusion, here’s a concise timeline of the publicly reported events:

  • Development reportedly began around 2020, initially tied to The Last of Us Part II’s ecosystem. (forbes.com)
  • Over subsequent years, the project expanded into a standalone live-service title with a significant team.
  • Around late 2023 and into 2024, reports suggested the game was being reassessed or scaled back amid internal reviews and company priorities. (gamedeveloper.com)
  • Recently, statements from developers and coverage cited the project being “about 80%” complete at its cancellation or pause, triggering fresh debate about what “complete” means in practice. (darkhorizons.com)

Final thoughts

My take: the story of The Last of Us Multiplayer is a useful reminder that big ideas and beloved IPs don’t automatically equal sustainable live-service games. Quality, long-term support, and alignment with a studio’s identity matter just as much as ambition. While it’s heartbreaking to see a project with apparent momentum shelved, the choice to prioritize what a studio does best — especially when that’s telling powerful single-player stories — can be the braver, more honest path.

That said, the appetite for a well-made, emotionally resonant multiplayer Last of Us remains. If the right team, scope, and business model emerge — perhaps from former Naughty Dog talent or a smaller, more focused studio — fans may still get something that honors Factions without promising the impossible.

What to watch next

  • Anecdotes from former team members and interviews with studio leads will be telling about how much of the canceled work survives internally.
  • Any projects launched by ex-Naughty Dog devs could be fertile ground for The Last of Us-style multiplayer design.
  • Industry shifts in how publishers handle live services (shorter live ops, hybrid monetization, or tighter scopes) may open the door for revisiting similar projects with less risk.

Sources




Related update: We recently published an article that expands on this topic: read the latest post.


Related update: We recently published an article that expands on this topic: read the latest post.