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The Latest Breaking News from Embracer

Replaced Embracer CEO wins understatement of the year, says "the road has not always been straight" after billions burned, thousands of layoffs, dozens of games canceled, and multiple studios closed

Assessing the straightness of Embracer's road

GamesRadar

Embracer CEO who oversaw the staggering $2B blunder that led to studio closures and layoffs is now set to become its executive chair, focusing on 'mergers and acquisitions and capital allocation'

Lars Wingefors is stepping down as Embracer CEO, but he's not going away.

PC Gamer

Thief VR is a huge slap in the face and kick in the teeth for everyone who has been waiting for more than a decade to return to the City

This ain't it.

PC Gamer

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It's a day ending in 'y' so you know what that means: Embracer Group is doing more restructuring

It's amazing this lot ever get around to releasing games.

PC Gamer

Embracer spins off Coffee Stain and 250 game studios under it, including devs of Satisfactory and Deep Rock Galactic, while rebranding The Lord of the Rings group

Fellowship Entertainment is still in charge of Lord of the Rings, Tomb Raider, Kingdom Come Deliverance, and more

GamesRadar

THQ Nordic studio that was set to be closed in 2023 somehow escaped the Embracer death spiral and is now working on a new RPG

Campfire Cabal was ordered closed in the aftermath of Embracer's implosion, but it never actually happened.

PC Gamer

Eidos Montreal lays off more employees: 'We don’t have the capacity to entirely reallocate them to our other ongoing projects'

The Embracer-owned studio is putting "up to 75" people out of work.

PC Gamer

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Tomb Raider developer Crystal Dynamics lays off 17 employees 'to better align our current business needs and the studio's future success'

Crystal Dynamics is currently working on a new Tomb Raider game and is also co-developing a Perfect Dark reboot.

PC Gamer

5 years after Avengers, 2 years after its last layoffs, and who knows how long before Perfect Dark and Tomb Raider return, Crystal Dynamics announces another round of layoffs

The news "does not alter our current project plans"

GamesRadar

Space Marine 2 CEO puts the boot into the Saints Row team's twitching corpse from his private jet: 'Who's going to fund them for the next game after that disaster?'

Which is certainly a look.

PC Gamer

Saber Interactive CEO says Saints Row had to die because the games were too expensive: "The days of throwing money at games other than the GTAs of the world is over"

"They didn't know what they were building. They didn't have any real direction. It couldn't last"

GamesRadar

Saber Interactive's head honcho pulled a wild stunt to nab the Halo: Combat Evolved remaster, telling Microsoft he'd do the job for free before ultimately squeezing the publisher for millions

Strap in, folks.

PC Gamer

Kingdom Come: Deliverance 2 has almost hit 2 million sales, a 'reminder' to parent company Embracer 'to bring great products to the market'

We all forget that one every now and then.

PC Gamer

Asmodee to saddle over $920 million debt as parent company splits in 2025

Asmodee to gain a chunk of its parent company's debt in restructring

GamesRadar

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PC Gamer

Deus Ex: Mankind Divided writer didn't like the ending either: 'Nothing is resolved'

Mark Cecere didn't ask for that ending.

PC Gamer

Deus Ex director Warren Spector thinks that 'if someone made Deus Ex today it might be perceived as a documentary,' so if he made a new one it would be pretty different

Please make a new one.

PC Gamer

More Embracer Group layoffs: Star Trek Online developer Cryptic Studios is cutting jobs for the second time in a year

Numerous Cryptic employees have said they're among "many" who will be let go at the end of October.

GamesRadar

Tiny Tina's Wonderlands and Diablo 4 support studio lays off 139 out of 200 workers as Embracer Group fallout continues

Lost Boys Interactive has been gutted

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PC Gamer

Embracer's Lost Boys Interactive studio hit with another round of layoffs

The studio says it has to "adapt to shifting market conditions within the videogame industry."

GamesRadar

Tomb Raider publisher says "things are progressing" with the next Lara Croft game and that Crystal Dynamics is "fairly sheltered" from the layoffs wracking Embracer

"I mean, there's some really great ideas here"

GamesRadar

Kingdom Come: Deliverance 2 delayed to February 2025: "We aimed for the end of the year and almost made it"

It's now out right before Valentine's Day

GamesRadar

Marvel 1943: Rise of Hydra is being published by Embracer's Plaion, future member of the Middle-earth Enterprises & Friends supergroup

Plaion's "ongoing mission to become a global force" accelerates

PC Gamer

Embracer has reportedly closed Elex developer Piranha Bytes as former creative director announces a new indie studio

Piranha Bytes said it was "in a difficult situation" earlier this year and it appears a solution could not be found.

Inverse

A Cult-Classic Open-World Game Was A Single Vote Away From Getting A Sequel

In another harrowing story to come out of Embracer Group's many failures, the sequel to 'Red Faction: Guerilla', a cult-classic, was reportedly cancelled late last year.

PC Gamer

Embracer embraces a 'human-centric' AI policy, says vague stuff about how it will 'massively enhance game development'

Embracer, which laid off nearly 1,600 people last year, is going big on AI, but says it's not looking to replace people.

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