All articles tagged with #embracer group
Crystal Dynamics is reportedly developing a new The Lord of the Rings game funded by the Abu Dhabi Investment Office (ADIO) with about $100 million, with Embracer and Revenge involved; the project has been in development for some time and no official release window has been shared, with both Embracer and Crystal Dynamics declining to comment.
Embracer-owned Eidos-Montréal announced 124 layoffs and the departure of studio head David Anfossi, saying the cuts reflect changing project needs. A transition plan is underway and leadership decisions will be announced as finalised, with Anfossi having led the studio for nearly two decades and the broader restructuring impacting the group.
Eidos Montreal confirms 124 layoffs and the departure of veteran studio head David Anfossi, as the studio undergoes leadership restructuring after its 2022 sale to Embracer; the studio hasn’t released a game in years and has canceled several projects, including a new Deus Ex and a Soul Reboot reboot, with a transition plan in place and further leadership updates to come.
Eidos Montreal, the studio behind Deus Ex and Tomb Raider, is laying off 124 employees and parting ways with longtime studio head David Anfossi as part of Embracer Group’s ongoing downsizing. The company cited changing project needs across production and support as the reason for the cuts. Eidos Montreal is reportedly still involved with upcoming Grounded 2 from Obsidian and a reimagined Fable from Playground Games, though the studio’s current projects were not specified in its notice.
Saints Row is effectively dead, according to original design director Chris Stockman, who says Embracer ghosted his revival pitch after the underwhelming 2022 reboot and the 2023 shutdown of Volition; with no Saints Row titles on the horizon, Stockman argues the franchise can’t compete with GTA, which is slated for GTA 6 release in 2026.
Original Saints Row designer Chris Stockman says the franchise is dead after Embracer ghosted his pitch for a 1970s prequel, following the troubled 2022 reboot and Volition's 2023 shutdown as part of the publisher's restructuring; Stockman's comments underscore ongoing turmoil around the series and Embracer's handling of its studios.
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.