All articles tagged with #embracer group
Voice actor Elias Toufexis announced that a new Deus Ex game won't be coming in 2026, criticizing the current management as 'psychopaths,' and highlighting ongoing uncertainties about the franchise's future under Embracer Group's control.
Crystal Dynamics laid off staff after failing to secure new funding for the Perfect Dark game following its cancellation by Xbox, with negotiations with Take-Two collapsing over franchise ownership issues.
Layoffs at Crystal Dynamics have negatively impacted Embracer Group's stock, highlighting challenges in the video game industry and corporate restructuring efforts.
Embracer-owned Fishlabs was developing a new Red Faction game and a sci-fi Metroidvania before both projects were canceled due to layoffs in 2023. Despite creating a visual prototype and a "fake trailer" for the new Red Faction, the game was not greenlit. Embracer's financial struggles, exacerbated by a failed $2 billion deal, led to significant restructuring, job losses, and the cancellation of multiple projects.
Embracer Group CEO Lars Wingefors suggests that some AAA games with extensive content might be priced above the current $70 standard, though the company plans to maintain current prices for now. This follows the trend set by PlayStation, with speculation that Rockstar's GTA 6 could be the first to adopt higher pricing.
Embracer Group's CEO Lars Wingefors has discussed the possibility of increasing video game prices beyond $70 due to rising development costs and market competition. Despite the industry's struggles and the trend of gamers favoring older live service games, Wingefors suggests that higher prices could lead to more game releases. However, Embracer is waiting for another company to make the first move before implementing such a price hike.
The Alone in the Dark reboot failed to meet sales expectations, leading to layoffs at Embracer Group. Despite featuring high-profile actors, the game struggled to attract players, peaking at 1,628 concurrent users on Steam. Embracer has faced significant financial challenges, including the collapse of a $2 billion deal and the closure of several studios. While some titles like Tomb Raider I-III Remastered performed well, others like Star Wars: Battlefront Classic Collection received negative reviews. Embracer plans to release over 70 game projects by March 2025.
Saber Interactive CEO confirms that the Star Wars: Knights of the Old Republic Remake is still in development, following the game's announcement for PlayStation 5 in 2021. The original game, released in 2003, is set nearly 4,000 years before the "Star Wars" films and follows a Jedi character's quest to defeat a Sith Lord. After a change in development teams, the remake is now being handled by Saber Interactive, with no confirmed release timeline.
Saber Interactive CEO Matthew Karch confirms that the Star Wars: Knights of the Old Republic Remake is "alive and well" following the studio's split from Embracer Group. The game is still in development, and Karch assures that they are dedicated to exceeding consumer expectations. Embracer CEO Lars Wingefors implied that the remake might still be a long way away, leaving fans eager for updates on the highly anticipated game.
Saber Interactive CEO Matthew Karch confirms that the Star Wars: Knights of the Old Republic Remake is still in active development and "alive and well" after the company's split from Embracer Group. The long-awaited remake has faced multiple delays and changes in development, but Karch reassures that they are dedicated to exceeding consumer expectations. The game's status had been uncertain following the split, but Karch's statement provides a concrete update on its progress.
Following the sale of Gearbox Software to Take-Two, some employees have been laid off, although the exact number is undisclosed. Gearbox assures that those affected are not involved in the development of upcoming games. Embracer Group, which recently sold Gearbox after an unsuccessful deal, has been undergoing a significant restructuring process, including selling off studios and laying off employees to recover from losses.
Shortly after the acquisition of Gearbox Entertainment by Take-Two Interactive, layoffs have begun at the studio, leaving former employees blindsided and sharing their experiences on social media. The exact number of staff affected is unclear, but the impact seems significant. Embracer Group sold Gearbox for $460 million, marking a substantial loss compared to the $1.3 billion it paid for the studio in 2021, highlighting the volatile nature of the video game industry.
Take-Two Interactive has acquired Gearbox Entertainment from Embracer Group for $460 million as part of Embracer's restructuring efforts following a failed $2 billion deal. The sale includes Gearbox's development entities and franchises, with Take-Two gaining ownership of titles like Borderlands and Homeworld. Embracer retains other branches of Gearbox and is integrating them into the company. Gearbox confirms six titles in the works, including sequels and a new IP. Both Embracer and Gearbox CEOs express confidence in the transaction's benefits for all stakeholders.
Take-Two has acquired Gearbox, the developer behind the Borderlands franchise, for $460 million, including properties such as Borderlands, Tiny Tina’s Wonderlands, Homeworld, Risk of Rain, Brothers in Arms, and Duke Nukem. This move provides stability for Gearbox and its projects, as Embracer Group, which previously owned Gearbox, has faced layoffs, shutdowns, and game cancellations. The acquisition strengthens Take-Two's portfolio and creative talent, while Gearbox's long-standing partnership with 2K and Take-Two makes it a logical fit.
Embracer Group has sold Gearbox Software and its major franchises like Borderlands to Take-Two Interactive for $460 million, as part of Embracer's strategy to reduce net debt and become more focused. Gearbox CEO Randy Pitchford believes the deal is in the best interest of all stakeholders, while Take-Two sees it as an opportunity to expand its internal development team with proven talent and iconic intellectual property. This marks the second significant divestment by Embracer in recent weeks, following the sale of Saber Interactive assets.