Romier S Posted August 31 Report Share Posted August 31 This was posted on Twitter: Brutal.:( They were put under Gearbox a few years ago and the recent Saints Row didn’t hit, but man they made some great games over the years. The early Saints Row games, Red Faction, etc. Sucks if true. Quote Link to comment Share on other sites More sharing options...
Romier S Posted August 31 Author Report Share Posted August 31 Confirmed. Another Embracer casualty. Quote Link to comment Share on other sites More sharing options...
dogbert Posted August 31 Report Share Posted August 31 Gearbox had a big layoff too Quote Link to comment Share on other sites More sharing options...
Romier S Posted August 31 Author Report Share Posted August 31 2 minutes ago, dogbert said: Gearbox had a big layoff too Ugh. Didn’t see that one. Any clue on how many affected? Hope these folks all land on their feet. Quote Link to comment Share on other sites More sharing options...
ChrisBardon Posted August 31 Report Share Posted August 31 That really sucks-Saints Row had something going for a while there, but I never got around to playing the reboot. Sounded like it wasn't great. I'm almost surprised that it wasn't a sale instead of a closure, but there's probably business reasons for that? Hopefully something good comes out of the ashes of this-maybe a new independent studio or two? Hopefully embracer is at least taking care of the people who are hit by this... Quote Link to comment Share on other sites More sharing options...
MastaRedSnappa Posted September 20 Report Share Posted September 20 Embracer just laid off 26 people at Beamdog (they just released Mythforce). Quote Link to comment Share on other sites More sharing options...
Romier S Posted September 20 Author Report Share Posted September 20 It looks like Crystal Dynamics is also affected: Quote Link to comment Share on other sites More sharing options...
Brandon H Posted September 20 Report Share Posted September 20 Someone needs to go to jail for this. Seriously. It was obviously a house of cards from the jump. Quote Link to comment Share on other sites More sharing options...
JoeyN Posted September 20 Report Share Posted September 20 Yep it was, and they are. They mostly have video games, but they also acquired Asmodee which is the biggest board game publisher, then totally gutted one of the most popular board game divisions Fantasy Flight Games , which now barely puts out anything. Quote Link to comment Share on other sites More sharing options...
Romier S Posted September 21 Author Report Share Posted September 21 Quote Link to comment Share on other sites More sharing options...
dogbert Posted September 21 Report Share Posted September 21 On 8/31/2023 at 11:55 AM, ChrisBardon said: I'm almost surprised that it wasn't a sale instead of a closure, but there's probably business reasons for that? If a studio is struggling, it typically doesn't make business sense for another company to purchase it lock stock + barrel. You're buying offices with overhead + liabilities, you're buying a full team with all the overhead and underperformers, and likely not getting IP. If the studio's mid-development, you're not getting any income from it for a while. It's easier to poach key staff + build a new studio from scratch. Whooter, Brandon H and Adam Tyner 3 Quote Link to comment Share on other sites More sharing options...
Romier S Posted November 6 Author Report Share Posted November 6 Quote Link to comment Share on other sites More sharing options...
Romier S Posted November 8 Author Report Share Posted November 8 The pyramid scheme continues to crumble. Angry the Clown 1 Quote Link to comment Share on other sites More sharing options...
Angry the Clown Posted November 8 Report Share Posted November 8 There has a to be a good book to be written about Embracer some day. Anything to help me better understand how it ever came to fucking exist in the first place. Quote Link to comment Share on other sites More sharing options...
iainl Posted November 9 Report Share Posted November 9 I very much get the impression that it’s like a lot of the cutbacks across the economy, and is a microcosm of what happened in 2008. Borrowing was cheap, leverage rules were lax, and some built whole empires on debt. Money is now expensive, and it’s collapsed as they can no longer service it. Romier S and dogbert 2 Quote Link to comment Share on other sites More sharing options...
Adam Tyner Posted November 13 Report Share Posted November 13 Right. I think there was also an element of seeing some promise on a small scale -- gobble up AA developers with recognizable IPs and a sizeable back catalog, keep production/marketing costs for their new games modest, make their back catalogs available and profit on it all the while -- kind of like the direct-to-video filmmakers in the '80s and '90s. Y'know, don't worry about being #1, make stuff with a built-in audience, and manage your costs so you know you'll wind up in the black pretty much no matter what. But they wildly overexpanded when money was cheap, their attempts at diversification (and expanding their internal abilities to exploit IPs in other media) were eye-wateringly expensive, and it felt more like they were indiscriminately collecting studios like baseball cards rather than applying any real thought or strategy. And when they couldn't keep things going by continuing to borrow...yeah. Quote Link to comment Share on other sites More sharing options...
Romier S Posted November 20 Author Report Share Posted November 20 Awful. Just awful.:( Angry the Clown and OldDarth 1 1 Quote Link to comment Share on other sites More sharing options...
JoeyN Posted November 20 Report Share Posted November 20 What a shit show that everyone saw coming. Quote Link to comment Share on other sites More sharing options...
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