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Embracer

All articles tagged with #embracer

gaming1 year ago

"Knights of the Old Republic Remake Still Thriving, Says Saber Interactive CEO"

Despite concerns about the status of the long-awaited Knights of the Old Republic remake, developers Saber Interactive insist that the game is "alive and well" and still in active development. Following a tumultuous period including delays, rumors of cancellation, and a change in ownership, Saber's CEO reassured fans that they are dedicated to exceeding consumer expectations. With little information available since its announcement four years ago, the future of the beloved RPG remains uncertain, but Saber's commitment offers hope for its eventual release.

via Rock Paper Shotgun|
#embracer#gaming#knights-of-the-old-republic
gaming1 year ago

"Saber Interactive CEO Confirms Star Wars: KOTOR Remake Progress"

Saber Interactive CEO Matthew Karch confirms that the Knights of the Old Republic Remake is still in active development, dispelling rumors about its status following the company's split from Embracer. Despite previous reports of delays, Karch reassures fans that the game is "alive and well" and that the team is dedicated to exceeding consumer expectations. The beloved Star Wars RPG, originally developed by BioWare in 2003, continues to be eagerly anticipated by fans.

via Eurogamer.net|
#embracer#game-development#gaming
business-gaming1 year ago

"Take-Two's Acquisition of Gearbox Leads to Layoffs Following Embracer Split"

Gearbox Software is laying off staff shortly after announcing its split from Embracer to join Take-Two, with senior user research investigator Jewels Verne and PR manager Jennifer Locke among those affected. The $460 million deal will see Gearbox taking its key franchises to Take-Two, while its publishing arm and certain publishing rights will remain with Embracer. Gearbox CEO Randy Pitchford has expressed optimism about the move, calling it the "best possible scenario" for the studio.

via Game Developer|
#business-gaming#embracer#gearbox-software
business-gaming1 year ago

Take-Two Acquires Gearbox Entertainment, Maker of Borderlands, for $460M

Embracer is selling Borderlands developer Gearbox Entertainment to Take-Two Interactive for $460 million in shares, with three Gearbox Software studios and several franchises changing hands. Embracer will retain other studios and game rights, and plans to sell the Take-Two shares for an expected $300-330 million. The sale is part of Embracer's ongoing restructuring program, following layoffs and studio closures, and CEO Lars Wingefors emphasized the need to focus on IPs with greater economic upside.

via Rock Paper Shotgun|
#acquisition#business-gaming#embracer
business-gaming1 year ago

Take-Two Interactive Acquires Gearbox Entertainment from Embracer for $460 Million

Take-Two Interactive is set to acquire Gearbox, the developer behind the Borderlands series, from Embracer for $460 million. The deal, expected to be finalized in June, will see Gearbox operating under Take-Two's 2K label, with founder Randy Pitchford remaining as CEO. This acquisition includes ownership of titles such as Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem, as well as future Gearbox projects. The move is part of Embracer's restructuring program, while Take-Two sees it as an opportunity to strengthen its creative talent and expand its portfolio of intellectual property.

via GamesIndustry.biz|
#acquisition#business-gaming#embracer
gaming1 year ago

"Embracer Group's Saber Interactive Sale and KOTOR Remake Delay Updates"

The Star Wars: Knights of the Old Republic remake appears to be a long way from release, as Embracer's boss suggested it's at least a year away during a financial call. The status of the remake remains unclear, with questions lingering about which company is in charge of the project. Despite ongoing silence from Embracer, developer Saber Interactive was reportedly still working on the game as of November, following significant trouble at the original developer Aspyr. The remake's fate and the nature of the game itself remain uncertain, amid financial struggles at Embracer Group.

via IGN|
#embracer#gaming#knights-of-the-old-republic
business-gaming1 year ago

Saber Interactive's $247 Million Split from Embracer Group

Saber Interactive has split from Embracer, taking 38 ongoing game development projects and over 3,000 staff with it, in a deal initially valued at $247 million. The buyer, Beacon Interactive, has the option to acquire Metro developer 4A Games and Pinball developer Zen Studios. Embracer retains future publishing rights to 14 Saber games, including the Warhammer 40,000: Space Marine 2 and Star Wars: Knights of the Old Republic remake. Embracer's CEO called the deal a "win-win solution," safeguarding developer jobs, while Saber's co-founder remains a long-term shareholder of Embracer. Embracer has been selling off parts of its business and is in the process of selling Borderlands developer Gearbox.

via IGN|
#acquisition#business-gaming#embracer
business-gaming1 year ago

Saber Interactive's $247m Asset Sale and Embracer Group's Russia Withdrawal

Embracer has sold off Saber Interactive for $247 million and will cease operations in Russia, while improving its cash flow. The sale includes studios 3D Realms, Slipgate Ironworks, and more, and is being sold to a group of private investors under Beacon Interactive. The buyer also has an option to acquire 4A Games and Zen Studios for a total deal value of about $500 million. Embracer will retain other studios and IPs, and the long-term license and publishing rights to the Metro franchise. The sale is part of Embracer's restructuring plan to reduce debt and improve financial flexibility, and Saber co-founder Matthew Karch will remain a shareholder of Embracer.

via Video Games Chronicle|
#business-gaming#embracer#game-studios
gaming1 year ago

"Unreleased TimeSplitters Gameplay Footage Leaks Online"

Footage from the cancelled TimeSplitters game by Free Radical Design has been shared online, showing five minutes of gameplay from a mainly third-person over-the-shoulder perspective. The studio was closed in December, leading to the likely cancellation of the project. The closure of Free Radical Design, which was re-established just two years prior, was part of company-wide cuts at Embracer and its owned publishers. The original founders had established a new Free Radical Design in 2021 to revive the TimeSplitters IP.

via Video Games Chronicle|
#cancelled-game#embracer#free-radical-design
gaming1 year ago

Embracer Group Cancels New Deus Ex Game, Lays Off 97 Eidos Employees

Eidos Montreal confirms 97 staff layoffs due to Embracer's restructuring, with no mention of the reportedly cancelled Deus Ex project. The studio is supporting affected employees and focusing on creating new games. Embracer's cost-cutting initiative has led to layoffs at Eidos and Crystal Dynamics, impacting their respective franchises. Eidos Montreal's last game was Marvel's Guardians of the Galaxy, and the studio is now pivoting to develop a new property.

via Game Developer|
#deus-ex#eidos-montreal#embracer
gaming2 years ago

"Widespread Layoffs Hit Tiny Tina's Wonderlands Developer in Latest Embracer Cuts"

Lost Boys Interactive, the developer behind Tiny Tina's Wonderlands, has faced layoffs across all disciplines and levels, citing industry challenges. This comes as part of a series of cost-cutting measures by its parent company, Embracer, which has previously laid off hundreds of employees and closed some studios. The company attributes the layoffs to the dissolution of a potential deal that would have brought in significant revenue.

via Engadget|
#embracer#gaming#gaming-industry
gaming2 years ago

Free Radical Design, TimeSplitters Studio, Shuts Down Amid Industry Challenges

Free Radical Design, the UK-based studio known for developing the TimeSplitters series, has confirmed its closure after shutting down its website and employees posting farewell messages on social media. The closure comes as part of company-wide cuts at Embracer and its owned publishers. All 80 remaining staff at Free Radical Design have reportedly been let go, adding to the growing number of job losses in the gaming industry. The closure raises uncertainty about the future of the TimeSplitters franchise, which the new Free Radical Design was established to revive.

via Video Games Chronicle|
#embracer#free-radical-design#gaming
gaming2 years ago

Embracer Group Layoffs Impact Insurgency Developer New World Interactive

Embracer has confirmed layoffs at New World Interactive, the developer behind Insurgency and Day of Infamy, as part of its ongoing restructuring program. The exact number of affected employees and departments is unknown. Embracer's subsidiary, Saber Interactive, has stated that development will continue on Insurgency: Sandstorm and other unannounced projects. This follows a series of layoffs at Embracer-owned studios, including Crystal Dynamics and Beamdog, as well as the potential closure of Timesplitters developer Free Radical. Layoffs are also occurring industry-wide, with EA confirming layoffs at Codemasters.

via Eurogamer.net|
#embracer#gaming#layoffs
gaming2 years ago

Embracer Group's Restructuring Threatens TimeSplitters Studio's Closure

Embracer CEO Lars Wingford has acknowledged the precarious position of UK-based developer Free Radical Design, which was tasked with resurrecting TimeSplitters. In an email to employees, Wingford mentioned the potential closure of the studio on December 11, 2023, expressing gratitude for their work and commitment. Over half of the studio's staff members have already updated their LinkedIn profiles, indicating they are seeking new positions.

via Push Square|
#closure#embracer#free-radical-design