Archive For embracer group Tag

Embracer Group Says it Will be Closing “a Few” More Studios

Embracer Group Says it Will be Closing “a Few” More Studios

The company also says it's open to divesting some of its studios, amidst reports of a potential Gearbox Entertainment sale.

Crystal Dynamics Hit with Layoffs as Part of Embracer Group Restructuring

Crystal Dynamics Hit with Layoffs as Part of Embracer Group Restructuring

The Tomb Raider developer confirms it has laid off ten employees as part of recent restructuring efforts by parent company Embracer Group.

Gearbox Entertainment Could Potentially Go Independent

Gearbox Entertainment Could Potentially Go Independent

With Gearbox put up for sale by parent company Embracer Group, the studio says going independent is another option currently under consideration.

Embracer Group is Reportedly Considering Selling Gearbox Entertainment

Embracer Group is Reportedly Considering Selling Gearbox Entertainment

Embracer Group acquired the Borderlands developer in 2021, in a deal worth $1.4 billion.

The Fall of Volition

The Fall of Volition

With Volition having been closed with immediate effect, we take a look back at the history behind the studio and what eventually led to its unfortunate demise.

Saints Row Developer Volition is Shutting Down

Saints Row Developer Volition is Shutting Down

Less than a year on from being shifted from Deep Silver's label to Gearbox, the studio has now been shuttered effective immediately.

Embracer Group Plans to “Exploit” The Lord of the Rings, The Hobbit IPs to Make More Games

Embracer Group Plans to “Exploit” The Lord of the Rings, The Hobbit IPs to Make More Games

The Embracer Group has revealed that it has plans to exploit the fact that it owns The Lord of the Rings and The Hobbit IPs.

Perfect Dark, Tomb Raider Development Won’t be Impacted by Embracer Group Restructuring

Perfect Dark, Tomb Raider Development Won’t be Impacted by Embracer Group Restructuring

Crystal Dynamics provides assurances that its parent company's restructuring program won't affect its ongoing projects.

Embracer Group Will be Shuttering Studios and Cancelling Projects as Part of a Restructuring Program

Embracer Group Will be Shuttering Studios and Cancelling Projects as Part of a Restructuring Program

Embracer Group says it intends to become "a leaner, stronger and a more focused, self-sufficient company" with its restructuring.

Star Wars: Knights of the Old Republic Remake – Embracer Group CEO Has “No Comments” on State of the Project

Star Wars: Knights of the Old Republic Remake – Embracer Group CEO Has “No Comments” on State of the Project

When asked about the state of the project following reports of development issues, Embracer Group CEO Lars Wingefors refused to comment on the situation.

The Lord of the Rings MMO Announced for Consoles and PC, Developed by New World Studio

The Lord of the Rings MMO Announced for Consoles and PC, Developed by New World Studio

The MMO is in early development at Amazon Games Orange County and features the stories of The Lord of the Rings and The Hobbit.

Deep Silver, Prime Matter, and Ravenscourt Are Being Merged Into PLAION

Deep Silver, Prime Matter, and Ravenscourt Are Being Merged Into PLAION

The three publishing labels will still continue to put out games for the next couple of years, however.

The Lord of the Rings IP Will See 5 Game Releases in FY 2023/24

The Lord of the Rings IP Will See 5 Game Releases in FY 2023/24

The Embracer Group confirms there will be five new The Lord of the Rings game releases between April 2023 and March 2024.

Embracer Group Plans to Release 19 AAA Games by April 2026

Embracer Group Plans to Release 19 AAA Games by April 2026

The company has SEK 8.2 billion invested in the development of AAA titles, and has over 30 of them currently in the pipeline.

Saints Row Underperformance Drives Lower Profits for Embracer Group’s PC/Console Segment

Saints Row Underperformance Drives Lower Profits for Embracer Group’s PC/Console Segment

Embracer Group CEO Lars Wingefors has previously said Saints Row is unlikely to be as great a return on investments as previously anticipated.

Tomb Raider Rights “Leased” to Amazon – Rumour

Tomb Raider Rights “Leased” to Amazon – Rumour

A report claims the Embracer Group has shifted the Tomb Raider franchise's rights out to Amazon, shortly after having acquired the series from Square Enix.

Next Tomb Raider is “Well Into Full-Scale Development”, Reveal Coming Later This Year – Rumour

Next Tomb Raider is “Well Into Full-Scale Development”, Reveal Coming Later This Year – Rumour

Crystal Dynamics in April last year that the next mainline Tomb Raider title had started development, and was being built on Unreal Engine 5.

Marvel’s Avengers is Ceasing Development, Official Announcement Coming Next Week – Rumour

Marvel’s Avengers is Ceasing Development, Official Announcement Coming Next Week – Rumour

The beleaguered multiplayer superhero action game is allegedly about to close up shop, with all future plans having reportedly been shelved.

Marvel’s Avengers Support Will Reportedly End in 2023

Marvel’s Avengers Support Will Reportedly End in 2023

A new report talks about Marvel's Avengers' many development issues, and claims there are currently no plans to release content for the game beyond next year.

Marvel’s Avengers is Finally Adding the Cloning Lab

Marvel’s Avengers is Finally Adding the Cloning Lab

The high-level endgame activity sees a team of four going up against a resurrected MODOK, and was first spoken of by Crystal Dynamics two years ago.