Embracer
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Work-in-progress images tied to an apparent Tiny Tina’s Wonderlands follow-up and a new Brothers in Arms project have surfaced online, giving fans a rare glimpse at two unannounced games that reportedly never made it to release. While the images do not reveal much in terms of gameplay systems or story details, they do suggest that…
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The possible closure of the German game studio Piranha Bytes continues as fallout from the acquisition frenzy of publishing giant Embracer Group. The corporation’s reported shuttering of the studio, known for cult RPGs like Gothic, Risen and Elex, came to light recently by an employee interviewed by the Polish game site CD-Action. It’s suggested that…
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Swedish video game titan Embracer is changing its name and splitting into three separate companies, according to a recent announcement. Present Embracer CEO Lars Wingefors will set up a new holding company to be the majority shareholder of all three companies; the name of this new holding entity has not yet been revealed. Wingefors has…
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Embracer has outlined extensive debt restructuring efforts in their interim financial results for Q3 (October-December 2023), having laid off 8% of their global workforce since June 2023 and reducing the number of game projects in development from 224 to 179. CEO Lars Wingefors portrayed the period as “a stable quarter” with Embracer being “on track”…