Tag Archives: Embracer Group

2023 has not been the best year for Embracer Group. After spending countless amounts of money on acquiring a whole host of developers and game studios, the holding company has had to let many of them go as a result of a failed $2 Billion deal. The latest studio to …

In recent weeks, there have been reports that Free Radical Design, a studio that was only just revived in the last couple of years, is facing closure as Embracer Group continues to grapple with the financial fallout of a failed multi-billion dollar investment deal. Now, it would seem that the …

While Embracer appears to be in no rush to address the status of the highly anticipated Knights of the Old Republic Remake, other sources appear to be happy to speak up on the situation. We recently heard from industry reporter Jeff Grubb, who claimed that the remake was not in …

Star Wars: Knights of the Old Republic is a fan favourite title and we've been hoping for a return to the series for a long time now. It looked like we were finally going to get exactly that when Knights of the Old Republic Remake was announced back in 2021. …

Back in 2018, THQ Nordic (now part of Embracer Group) acquired the rights to the TimeSplitters IP, a cult classic FPS game that many fans were hoping to see return. In 2021, Free Radical Studios was reformed, with plans to produce a new TimeSplitters game. Unfortunately, Embracer's recent financial troubles …

Last week Sony quietly delisted the reveal trailer for Knights of the Old Republic, which was officially announced as a PS5 console exclusive during a PlayStation Showcase two years ago. Since then, the game has faced development issues and switched studios. This has quickly led to rumours of the game's …

In recent years, Embracer Group has been rapidly buying up development studios, swiftly becoming one of the largest companies in the gaming industry. However, the group's financial situation has been taking a turn, leading to an internal restructuring, resulting in the shutdown of studios like Volition. Now, Embracer may be …

Last week we reported on the unfortunate news that Volition – the studio behind the Red Faction and Saints Row franchises – was being shut down by parent company Embracer Group. Despite the poor reception of 2022’s Saints Row reboot, the ex-studio’s publisher has now confirmed that Volition’s franchises will …

Embracer Group has announced plans to shut down Volition Games, the studio behind Saints Row. The company had been around for 30 years but following a big miss with the Saints Row reboot, Embracer is pulling the plug.  Volition has gone through plenty of changes over the years. In the …

THQ Nordic recently hosted its own showcase in which the publisher announced and showed off a number of their projects, including TMNT: The Last Ronin and South Park: Snow Day. Interestingly, THQ revealed that they currently have 20 more projects in development – all of which have yet to be …

After years of expanding and buying up studios, Embracer Group has now hit a bump in the road, forcing the company to ‘restructure' in an effort to reduce costs and become more efficient. Embracer owns a lot of great IP at this point, but it seems to be planning to …

Embracer Group has been buying up a lot of studios and expensive IP in recent years, with the most recent addition being ownership over the Lord of the Rings IP. Unfortunately, the company had a rough financial quarter after a multi-billion dollar deal failed to materialise. Now, Embracer is looking …

Amazon has already been working with Embracer Group, having formed a deal that will see Amazon publishing the next Tomb Raider game. Now, Amazon has entered a new license agreement with Embracer, paving the way for Amazon to develop its own Lord of the Rings MMO.  Amazon and Embracer Group …

After years of development and a couple of delays, Daedalic Entertainment is finally set to release its Lord of the Rings game. Focused on Gollum, the new title will be the first in a new wave of LOTR-based projects, with many more games on the way.  After acquiring Middle-Earth Enterprises …

Last year, Embracer Group made one of its biggest acquisitions yet after taking Middle-Earth Enterprises on board. The move gave Embracer the rights to The Lord of the Rings and The Hobbit, but few new projects have been announced. That's set to change soon, with the company today confirming that …

Shortly after being acquired by Embracer Group, Square Enix Montreal changed its name to Studio Onoma and revealed that it was working on a new IP. Now just a few weeks later, Embracer Group has cancelled that project and shut down the studio.  Onoma was a bit of an outlier …

The Saints Row reboot finally released last month, though to an unfortunately poor reception – commercially, but especially crititcally. The founder and CEO of Embracer Group has now commented on the matter. As transcribed by Stephen Totilo, Lars Wingefors, the founder and CEO of Embracer Group (publisher Deep Silver’s parent …

It has only been a few months since Square Enix announced that it was selling off multiple western studios and their IP to Embracer Group in a deal worth $300M. While some larger deals take a year or more to complete, this one was wrapped up pretty quickly, with Embracer …

Back in February, we heard that The Saul Zaentz Company, the owner of Middle-Earth Enterprises, was looking to auction off the IP rights for The Lord of the Rings and The Hobbit. In a surprise move, Embracer Group has now revealed itself as the buyer.  Just a few months after …

It looks like Aspyr's ambitious remake of Star Wars: Knights of the Old Republic is still many years away. While the original plan was to have the remake finished this year, sources have confirmed that the project is now being rebooted, seemingly after a poor demo showing that led to two team leads losing their jobs. 

Star Wars: Knights of the Old Republic is regarded by fans as one of the best Star Wars games of all time and we've been hoping for a return to the series for quite some time. Last year, Aspyr Media confirmed it is working on a remake, and now, it …

It has been six months since The Initiative announced that Tomb Raider and Marvel's Avengers studio, Crystal Dynamics, would also be a development partner on Xbox's Perfect Dark reboot. Now, Crystal Dynamics is splitting off from Square Enix, having been sold to Embracer Group, along with the Tomb Raider IP. …

Square Enix is making headlines this week after selling off a good chunk of its western development studios and valuable IP, like Tomb Raider and Deus Ex. The Japanese publisher isn't pulling out of western games entirely though. From what we know so far, Square Enix will be holding on …

It has been just over a year since we first learned that Square Enix was shopping itself around and looking to sell. As it turns out, Square Enix will be sticking around, but the Japanese publisher is essentially pulling out of western game development for now, selling off its major studios and IP, like Tomb Raider and Deus Ex. 

Volition revealed the Saints Row reboot last year, initially with the goal of launching the game in early 2022. The game was swiftly delayed, especially after fans had plenty of feedback following its reveal. Now, Saints Row is back again, this time with a new look at character customisation in-game.  …

In the past few years, we have seen the video games industry consolidated into fewer but larger publishers, with holding companies growing faster than ever as all manner of developers and publishers scramble to acquire as many studios as is legally possible. Embracer Group is one such company, and according …

It has been eight years since Dead Island 2 was first announced and several years since the last update on the game’s development. Just one week ago, a leaker claimed that the game was finally heading towards release and now, Deep Silver's parent company has confirmed exactly that.  Originally revealed …

As the video games industry continues to expand, we are beginning to see the consolidation of many smaller studios, publishers and ancillary companies by larger holding companies. Such is the case with Embracer Group, which has now announced that they have acquired the comics and manga publisher Dark Horse Media. …

Update: In a statement sent shortly after publishing, a Gearbox representative sent over the following statement: “There is no validity to this claim, and Randy Pitchford will NOT be stepping down as the CEO of Gearbox Entertainment Company.” See our updated articled HERE. Back in February, Embracer Group acquired Gearbox …

Embracer Group has been on a huge acquisition spree recently, snapping up the likes of Gearbox Software, Deep Silver, THQ Nordic and a slew of smaller studios. Today, the company announced that it has acquired another eight studios, including those behind recent indie hits like Deep Rock Galactic.  Embracer Group …