All publications by tag «Embracer Group»
Inside Embracer’s plans and strategy: game revenues, “notably lower margins” in PC & Console segment, and further divestments
Embracer Group held its annual general meeting on September 21. The Swedish holding company shared some insights into its financial performance, specific game sales and revenues, as well as its restructuring program and strategy going forward.
Beamdog, studio behind Baldur’s Gate remasters, reportedly lays off 25 people as part of Embracer Group’s restructuring
Beamdog, best known for remasters of classic RPGs like Baldur’s Gate and Planescape: Torment, has reportedly been hit with layoffs. It appears to be another victim of the ongoing restructuring at Embracer Grpoup, which acquired the studio last year.
[UPD] Embracer Group considering selling Gearbox Entertainment, as its restructuring continues to affect more studios
The ongoing restructuring at Embracer Group has already affected several subsidiaries of the Swedish holding company. The latest report indicates that Gearbox Entertainment could also be in danger.
Embracer Group continues to cut costs by closing 30-year-old Volition and laying off people at Gearbox Publishing
Embracer Group, which was once on an endless shopping spree, is now dumping its first-party studios as part of the ongoing business restructuring. This time, the victim was Red Faction and Saints Row developer Volition, not to mention layoffs at Gearbox Publishing.
Embracer Group reports almost $1 billion in Q1 revenue, with sales of PC and console games up 74%
Embracer Group has announced its financial results for the first fiscal quarter ended June 30. The Swedish holding company saw growth in key business metrics, also saying that its restructuring is proceeding according to plan.
Report: Embracer Group’s collapsed $2 billion deal was supposed to be with Savvy Games Group, its second-largest shareholder
New details have surfaced about the collapsed $2 billion deal that Embracer Group was supposed to close earlier this year. It appears that its partner was Savvy Games Group, an investing firm established by Saudi Arabia’s sovereign wealth fund.
Genshin Impact developer miHoYo generated more profit in 2022 than Activision Blizzard, EA, and Embracer
miHoYo is a private company, so it doesn’t have to release financial statements. However, Chinese media recently disclosed some information about the Genshin Impact developer’s revenue and profit.
Embracer Group records 128% revenue growth, plans to launch 31 AAA games (including 5 from Crystal Dynamics/Eidos)
Embracer Group has released its financial report for the third quarter ended December 31, 2022. The Swedish holding company recorded strong revenue growth and detailed its game development pipeline for the next several years.
Embracer may spin off some of its groups into separate publicly listed companies, reports six-month net sales of $1.6 billion
Embracer Group has released a financial report for the six months ended September 30. The Swedish holding company shared its financial results and outlined several steps it will take to respond to global macroeconomic challenges.
Embracer shuts down Hitman GO developer Onoma, so Crystal Dynamics and Eidos can focus on new IP and Deus Ex
Embracer Group has decided to shut down mobile studio Onoma, just weeks after its rebranding. The Swedish holding company said it will allow Crystal Dynamics and Eidos Montreal to focus on PC and console game development.
Dambuster Studios HR head opposes crunch, calling it ‘machoismic rubbish’ that has to die
Dambuster Studios, one of Embracer Group’s studios and the developer of Dead Island 2, has taken a public stand against crunch. The company’s HR has explained why this culture should disappear from the games industry forever.
Eidos Montreal and Crystal Dynamics take control of Deus Ex and Tomb Raider IPs from Square Enix
Square Enix has now officially handed rights to some of its Western franchises to Eidos Montreal and Crystal Dynamics. These studios will now be able to make new Tomb Raider and Deus Ex games under Embracer Group.