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Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff
(www.gamedeveloper.com)
this post was submitted on 29 Jan 2024
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It seems like the only time you hear about Embracer is when they are cancelling games or closing studios.
What even is their purpose?
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
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'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.
short term money