"EMBRACER GROUP" content on TweakTown - Page 1

Saber CEO Matthew Karch and team buy back the rights to the Saber brand alongside 12 other studios, including Metro franchise series developer 4A Games.

The Embracer Group plans to sell one of its best-earning operating games divisions, the publisher-developer Saber Interactive, for up to $500 million.

In a bid to cut costs and boost available cash on hand, the Embracer Group will reportedly sell Gearbox Entertainment next month to an undisclosed buyer.

The Embracer Group has reportedly cancelled a new Deus Ex game after two years of development, and laid off staff at game dev studio Eidos Montreal.

Danish games publisher 3D Realms has reportedly been hit with layoffs as parent company Embracer Group executes its job-slashing cost-saving measures.

Star Wars: Knights of the Old Republic, or KOTOR, is being remade. However, the project falls under the Embracer Group banner and, well, you know.

Embracer Group is likely to cancel more video game projects in an effort to reduce investment costs as it continues to boost free cash flow, reduce debt.

Embracer Group reveals that it has laid off 904 people as part of the first phase of its 'restructuring program,' leading to a drop in operation expenses.

The Embracer Group spends more money to get its games on Steam, Xbox, PlayStation, Nintendo, etc than it does on actual games development every year.

The Embracer Group may be exploring a sale of Gearbox Entertainment, a significant games publisher that had been acquired in 2021 for $363 million.

In a bid to trim down its over encumbered gaming empire, Embracer Group has officially closed down the studio Volition, the studio behind Saints Row.

Embracer Group could sell off parts or whole game studios in an effort to reduce overhead costs of games development production, the company says.

Embracer Group CEO Lars Wingefors tells investors that the digital games empire will shrink some as it attempts to shrink costs and reduce spending.

Embracer Group is one of the many video games companies to restructure in an effort to control rising costs, will lead to layoffs and studio closures.

Dead Island 2 is a huge success right out of the gate with 1 million sales in just 3 days' time, but a good portion of those sales may be old pre-orders.

As games like Saints Row deliver lower returns, Embracer Group becomes more selective and now says that 'game project has to earn the right to exist'

Amazon has reportedly paid $600 million to secure the rights to the Tomb Raider franchise, plans to release multimedia like games, films, TV shows.

Billion-dollar video games titan has spent $2 million on collecting precious retro games, arcades, and consoles for its game preservation archive.

Embracer Group has transferred Saints Row developer Volition to Gearbox's operating unit, which it hopes will provide keys to future success for the dev.

Saints Row may have bombed on the market in terms of sales, and Embracer Group is confident it will still make money, but not as much as other games.

The Embracer Group teases new transmedia content in massive franchises like Hellboy, Duke Nukem (movie confirmed), Tomb Raider, and even Time Cop.

Dambuster Studios created their own proprietary ultra-gruesome 'gore tech' system called FLESH specifically for Dead Island 2's brutal combat and mayhem.

Embracer Group gets a huge $1 billion investment from Saudi Arabia's Public Investment Fund, will use proceeds for acquisitions.

NFTs and blockchain were not the primary reasons that Square Enix sold Tomb Raider and Deus Ex among others for $300 million.

Embracer Group CEO Lars Wingefors confirms all of Crystal Dynamics and Eidos Montreal's big games are included in the deal.

Square Enix is officially selling all of its game development studios in the West for $300 million, and here's why they did it.

Eidos Montreal studio head David Anfossi confirms that multiple new projects are in development that all use Unreal Engine 5.

Following its $300 million buyout of Crystal Dynamics, Eidos, and Square Enix Montreal, Embracer will have 230+ games in dev.

Borderlands developer Gearbox has made its first major studio acquisition of 250-person indie dev team Lost Boys Interactive.

Knights of the Old Republic remake developer Aspyr Media has acquired Beamdog, the team behind RPG ports like Baldur's Gate.

Embracer Group CEO Lars Wingefors concisely summarizes the company's widespread business model while promising more strategic M&A.

Embracer Group employs hundreds of devs in Ukraine and plans to donate $5 million to humanitarian aid and relief in the region.

The Embracer Group has made 71 acquisitions, buyouts, and purchases from 2016 - 2021, plans to secure $851 million for more M&A.

Borderlands 3 has sold more than 15 million units worldwide, pushing total Borderlands franchise unit sales past 74 million.

Hot Wheels Unleashed is one of the most successful games in Embracer's Q3 period with over 1 million copies sold in the period.

The Embracer Group now owns and licenses 271 IPs and franchises across a huge array of 88 internal game development studios.

Is Dead Island 2 coming out in 2023? Or will it be pushed back until 2024 or later? Embracer Group delivers a coy answer.

The Embracer Group has an astounding 216 video game projects in development, and plans to release 25 games by March 2026.

Embracer Group's most important new gaming acquisition isn't an actual video games developer, but a tool-maker for games.

Embracer Group's mass multimedia empire now includes everything that nerds love: Comic books, card/board games, and video games.

Embracer Group's latest buyout secures two old-school founders of Tiburon Entertainment, whose influence goes back to the 90s.

The Embracer Group folds online MMORPG makers Perfect World Entertainment into its massive multimedia empire for $125 million.

Embracer Group wants to buy Asmodee, one of the biggest card and board game companies on the market for a staggering $3 billion.

Embracer Group will release 26 new AAA games by March 2026 across all of its publishers, developers, and 82 worldwide studios.

Volition has delayed the new Saints Row reboot roughly six months after its original release date, now launches in August 2022.

Embracer Group CEO Lars Wingefors confirms Aspyr has a big project with 'significant investment' in dev, and it's likely KOTOR.

Gearbox is 'investing aggressively' into new projects including Borderlands 4, indies, and new Tiny Tina's Wonderlands spinoff.

Biomutant is a big success for Embracer Group with 1 million sales making the game profitable and helping push high Q1 revenues.

Embracer Group goes on a new buyout spree and acquires eight new studios including old-school Duke Nukem 3D dev 3D Realms.

Embracer Group is spending more on commissions to Steam/Sony etc. than it is on game development, promises to challenge 30% cut.