Tagged Content Search

Embracer Group's latest financial report shows a positive outlook, with better results since their long, sometimes rocky, reorganization process. The company continues its process to refocus on owned IP, including development of multiple Lord of the Rings-related projects

Plaion, a subsidiary of Embracer Group, has signed a worldwide publishing deal with skydance Games to publish Marvel 1943: Rise of Hydra in 2025. 

Piranha Bytes, developers of Gothic, Risen, and Elex, have reportedly been shut down.

Embracer Group's latest financial report shows 4,352 fewer employees, 80 canceled games, sales increases, and a renewed future focused on owned and controlled IP.

Embracer Group, after finishing up its massive restructuring plan that saw mass layoffs, studio closures, canceled projects, and sales of additional studios, is splitting into three standalone companies, each with their own  specific goals.

Embracer Group said goodbye to Gearbox Publishing San Francisco, rebranding that studio under Arc Games, the publisher of Neverwinter, Star Trek Online, Remnant, and the core Torchlight franchise.

Embracer Group has ended its nine-month long restructuring process after its latest deal to sell most of Gearbox to Take-Two Interactive. Gearbox is also potentially the latest studio to shed some jobs after the acquisition.

Weeks after reports said that Gearbox Entertainment was close to a potential sale, Embracer Group confirmed the sale of most of the company, including key IPs like Borderlands, to Take-Two Interactive in a stock deal worth $460 million.

Cryptic Studios announced it will transition most development over to Deca Games and remain to support their existing titles, which are set to continue their current update cadence.

Rumors that Gearbox Entertainment might be for sale began last fall, but now some new reports say that the company could part from Embracer Group under a new sale deal.

A new report says that Embracer Group is preparing to sell off Saber Interactive in a $500 million deal. The new private company would also retain projects like its KOTOR remake.

Development studio Flying Wild Hog has unionized. Parent company Embracer Group has been one of many laying off employees in a rough time for the industry.

Embracer Group's restructuring efforts have hit another of the company's studios. This time, around 50 employees have been let go from Fishlabs, a studio known for Galaxy on Fire and bringing Valheim to Xbox.

Speaking on the Game Mess Mornings podcast, industry insider Jeff Grubb claims the Knights of the Old Republic remake is "no longer being worked on right now."

Embracer Group released its latest financial report, which included updates on how their restructuring is going so far. With debt down to about $1.4 billion, there's still more cuts (including canceled games) to go.