Embracer Group announces large-scale restructuring program including layoffs, studio closures, and game cancellations

avenovah

avenovah

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The closing of studios and termination of projects, that have not yet been announced and with low projected returns
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The restructuring program is divided into different phases until March 2024. The initial phase, which has already begun, mainly targets cost savings across the group. The next phase, which has also begun, still requires further analysis to determine specific actions. The final phase will focus on internal consolidation, further resource utilization, and increased synergy within Embracer Group
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embracer.com

Embracer Group announces comprehensive restructuring program with immediate implementation - Embracer Group

INSIDE INFORMATION: Embracer Group AB (“Embracer Group”) today announces a comprehensive restructuring program for FY 2023/24, running until the end of March 2024 that includes: Operational and financial measures to increase cash conversion, improve efficiency and reduce capex, reaching a...
embracer.com embracer.com
 
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Nhomnhom

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Embracer never made sense.

I hope Sony buys Tomb Raider in a fire sale to add Lara to Uncharted.
 
Yurinka

Yurinka

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ethomaz said:
Shocked.

Never developed a single game.
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Embracer develops and publishes a shit ton of games every year, they are the masters of the AA you never heard of.

Embracer owns (list may be incomplete):
  • Amplifier Game Invest (A Creative Endeavor, DestinyBit, Frame Break, Framebunker, Goose Byte, Green Tile Digital, Infinite Mana Games, Invisible Walls, Kavalri Games, Misc Games, Palindrome Interactive, Plucky Bytes, Rare Earth Games, River End Games, Silent Games, Studio Hermitage, Tarsier, Vermila Studios, Zapper Games)
  • CDE Entertainment (Crystal Dynamics, Eidos)
  • Coffee Stain Holding (Box Dragon, Cofee Stain, Easy Trigger, Ghost Ship Games, Lavapotion)
  • Gearbox (Captured Dimensions, Cryptic Studios, Gearbox Publishing, Gearbox Software, Lost Boys Interactive, Volition)
  • Plaion (Deep Silver, Dambuster Studios, Fishlabs, Free Radical Design, DPI Merchandising, DigixArt, Flying Wild Hog, Milestone, Plaion Pictures, Prime Matter, Ravenscourt, Splatter Connect, Vertigo Games, Voxler, Warhorse Studios)
  • Saber Group (34BigThings, 3D Realms, 4A Games, Aspyr, Bytex, Demiurge Studios, Digic Pictures, Fractured Byte, Mad Head Games, New World Interactive, Nimble Giant Entertainment, Saber Interactive, Sandbox Strategies, Shiver Entertainment, Slipgate Ironworks, SmartPhone Labs, Snapshot Games, Tuxedo Labs, Tripwire Interactive, Zen Studios)
  • THQ Nordic (Alkimia Interactive, Appeal Studios, Ashborne Games, Black Forest Games, Bugbear Entertainment, Campfire Cabal, Experiment 101, Gate 21 d.o.o., Grimlore Games, HandyGames, Kaiko, Metricminds, Mirage Game Studios, Nine Rocks Games, Pieces Interactive, Piranha Bytes, Pow Wow Entertainment, Rainbow Studios)
  • DECA Games (A Thinking Ape Entertainment, CrazyLabs, Firescore, IUGO Mobile Entertainment, Jufeng Studio)
  • Embracer Freemode (Bitwave Games, C77 Entertainment, Clear River Games, Game Outlet Europe, Gioteck, Grimfrost, Limited Run Games, Middle-earth Enterprises, Quantic Lab, Singtrix, Tatsujin)
In addition to:
  • Asmodee (tabletop games)
  • Dark Horse (comics)
Vertigo said:
Embracer is a scam operation
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Wrong, they have been doing a great job during many years, releasing a lot of stuff, keeping a great and healthy finantials during years, and also with good -mostly inorganic- growth.

And did it giving full creative freedom to their studios and with a lot of patience with milestones, delays, etc. They also saved several studios from closure by acquiring them and supporting them with their other teams.

Yobo said:
Microsoft, Embracer and Tencent will crash the industry
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Nah, Embracer and Tencent have been very positive for the industry.

They gave money, stability and support to many studios keeping them healthy, supporting them where needed and helping them grow, while also giving them creative freedom and patienty giving them the time they needed to do their stuff.

I know people who run or work at multiple studios bought by Tencent or Embracer and they are very happy with them.
 
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Vertigo

Vertigo

Did you show the Darkness what Light can do?
26 Jun 2022
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This will most likely have some sort of impact of the Xbox projects Crystal Dynamics took over.

Perfect Dark just got pushed back another two years…

In some bizarre world Activision deal falls thru and MS is blocked from acquisitions for a minute. Sony buys embracers fire sale scraps on fire sale and somehow Sony ends up owning the developer on Xbox exclusive Perfect Dark.
 
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