Tag: Embracer Group
News Free Radical Devs Say 'Farewell' As Timesplitters Studio Gets Shut Down
"Made good memories and experience, farewell"
About two and a half years ago the team behind Timesplitters was brought back to life by Embracer Group, but it isn't going to get to release its new entry in the classic FPS franchise after all. Just like the rumours said last month, Free Radical Design is shutting down. The company's w
News Dead Island 2, Saints Row Publisher Confirms Massive Layoffs In 2023
The Saints Row dev has been completely shut down already
For a while now, we've heard several reports and rumours about unfortunate closures at some of Embracer Group's development studios, and a new financial update from the gaming giant has laid bare the scale of these cutbacks. In an official statement from the group, it's been confirmed that...
News TimeSplitters Studio Free Radical Reportedly At Risk Of Closure
Another Embracer Group shutdown could happen
The first-person shooter series TimeSplitters was meant to be making a comeback after UK developer Free Radical Design was revived in 2021. Unfortunately, in a new update, it seems the studio is now at risk of being closed down by its parent company Embracer Group. According to VGC, Embracer is still...
News Embracer CEO Admits 'Challenging Year' Despite 'Encouraging' Sales For Dead Island 2
"The decision to give the studio time to polish the game has paid off"
Embracer Group is the top-level owner of Dead Island 2 and its development studio Dambuster, who both fall under the Deep Silver publishing label. It's all a bit complicated with this company, but the bottom line is that Embracer seems happy with how the long-awaited zombie...
News Saints Row's Future Is Under Evaluation Following 2022 Reboot
"This is quite a process to evaluate your position, the outcome"
Embracer Group has shared its recent annual meeting online, and you could say things are a little uncertain regarding Saints Row, a series that now falls under the company's wing. CEO Lars Wingefors addressed the game's launch, saying he was disappointed in the reaction to the recent...
Reaction More Gaming Acquisitions Doesn't Necessarily Mean More Exclusives
The tides are changing
We seem to be caught in a whirlwind of gaming acquisition news as of late, from progress on the Xbox ActiBlizz deal, to Embracer buying a bunch of studios, to rumours about an EA deal, and even more besides. While these deals often bring out both supporters and sceptics in
News Move Over Microsoft, Embracer Group Buys Square Enix's Western Studios
Update: The deal has now gone through!
(Update: August 26, 2022) Embracer Group has today confirmed that the purchase of Square Enix's Western studios has officially concluded. The Swedish company now owns Tomb Raider, Deus Ex, Thief and more - all franchises that were previously owned by the Japanese publisher. (Original Story: May 2, 2022) Well,...
News Gearbox Is Growing With '9 AAA Games' In Development
That's a big box
Gearbox, the company behind Borderlands and Tiny Tina's Wonderlands to name a few, is growing quite substantially, it seems. The developer currently has "nine AAA games" in the works across various teams, some of which are growing. The news comes from owner Embracer Group, who recently published its latest financial report. If you...
News Expect Sequels, Remakes And More Says New Tomb Raider, Deus Ex Owners
Embrace tradition
Embracer Group's acquisition of Square Enix's western studios is the latest merger to be underway in gaming. But, what will come of the purchase for fans of Tomb Raider, Deus Ex, Thief and more? Quite a lot, if the plans outlined here come to fruition. In Embracer's latest earnings report, the company touched on its acquisition...
News Square Enix Will Still Work On Western Games Despite Studios Sale
Staying in touch
Earlier today, another huge gaming acquisition was revealed by Embracer Group. Okay, it's not Xbox-Activision Blizzard levels of huge, but the Swedish company is picking up all of Square Enix's Western studios. However, that doesn't mean that the Japanese publisher is completely cutting itself off from Western games, despite the...