simple@lemm.ee to Games@lemmy.worldEnglish · 10 months agoReport: Embracer cancels Eidos' unannounced Deus Ex project, lays off staffwww.gamedeveloper.comexternal-linkmessage-square34fedilinkarrow-up12arrow-down10
arrow-up12arrow-down1external-linkReport: Embracer cancels Eidos' unannounced Deus Ex project, lays off staffwww.gamedeveloper.comsimple@lemm.ee to Games@lemmy.worldEnglish · 10 months agomessage-square34fedilink
minus-squaregarretble@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoIt seems like the only time you hear about Embracer is when they are cancelling games or closing studios. What even is their purpose?
minus-squareedgemaster72@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoStep 1. Amalgamate as many smaller studios as possible Step 2. Probably some BS about tax writeoffs or packaging debt for sale Step 3. Profit? (but not enough to pay anyone outside the C suite and maybe investors)
minus-squareXanvial@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoThey supposedly should have an investment deal with a Saudi backed company. But failed last year https://www.theverge.com/2023/8/14/23831768/embracer-group-saudi-government-lord-of-the-rings-investment-deal-collapse So they need a lot of cash now
minus-squareAltima NEO@lemmy.ziplinkfedilinkEnglisharrow-up0·10 months agoThey’re the holding company that used to be “thq” Kind of like how Alphabet is to Google, or Meta is to Facebook and Instagram.
minus-squarecultsuperstar@lemmy.worldlinkfedilinkEnglisharrow-up0·10 months agoCanceling games and closing studios.
minus-squaremagic_lobster_party@kbin.sociallinkfedilinkarrow-up0·10 months agoNot so fast! Sometimes they also announce the return of old franchises, just to be shut down shortly after. Like Timesplitters 4.
It seems like the only time you hear about Embracer is when they are cancelling games or closing studios.
What even is their purpose?
Step 1. Amalgamate as many smaller studios as possible
Step 2. Probably some BS about tax writeoffs or packaging debt for sale
Step 3. Profit? (but not enough to pay anyone outside the C suite and maybe investors)
They supposedly should have an investment deal with a Saudi backed company. But failed last year https://www.theverge.com/2023/8/14/23831768/embracer-group-saudi-government-lord-of-the-rings-investment-deal-collapse
So they need a lot of cash now
They’re the holding company that used to be “thq”
Kind of like how Alphabet is to Google, or Meta is to Facebook and Instagram.
Canceling games and closing studios.
Not so fast! Sometimes they also announce the return of old franchises, just to be shut down shortly after.
Like Timesplitters 4.