Embracer Group is splitting up its messy gaming empire into three different companies

📆 4/22/2024 12:59 PM
📰 engadget

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Embracer Group News

Crystal Dynamics,Gearbox,Studios

Steve should have known that civil engineering was not for him when he spent most of his time at university monkeying with his 8086 clone PC. Although he graduated, a lifelong obsession of wanting the Solitaire win animation to go faster had begun.

Embracer Group has been on a losing streak of late, having recently missed out on a $2 billion investment, laid off thousands of employees andfranchises. Studios under its purview include Crystal Dynamics, Dambuster Studios, Eidos-Montréal, Flying Wild Hog Studios, Tripwire, Vertigo Games, Warhorse Studios and 4A Games. This company will remain within the current listing as Embracer Group for now.

Embracer Group went on an epic buying streak between 2019-2022 when borrowing was cheap, acquiring studios and entertainment groups including Crystal Dynamics, Gearbox Entertainment, Dark Horse Media, Middle-earth Enterprises and many, many others. Those came with gaming franchises including Tomb Raider, Deus Ex, Borderlands and Saints Row.. It subsequently laid off 8 percent of its staff , or nearly 1,400 employees.

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Gaming giant Embracer Group is splitting into three companiesEmbracer Group will split itself into three distinct games and entertainment companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends.
Source: verge - 🏆 94. / 67 Read more »