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Embracer buys a load of studios then shuts some down because it has no money

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On 5/4/2022 at 12:14 PM, Dcubed said:

I laughed.

Anything with this dude cracks me up. Reminds me of this gem for No Man's Sky

 

 

Edited by EEVILMURRAY
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Merry Christmas to Free Radical. :(

Quote

VGC reported earlier this month that Free Radical was at threat of being closed just two years after it was established, as part of huge company-wide cuts at Embracer and its owned publishers.

Although Embracer has yet to publicly confirm Free Radical's position, sources told VGC that Wingefors has now acknowledged in a company e-mail that the Nottingham, UK-based company could be closed on December 11, following the completion of a consultation process.

"As we move through the consultation process and face the potential closure of Free Radical Design on 11 December 2023, I want to express my gratitude for your commitment and the remarkable work you've done and still keep doing," he wrote.

"This is a challenging time for all of us but especially for you, and our focus is to support you as much as we can during this transition."

 

Edited by Hero-of-Time
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What a fuck up of epic proportions.  Insane just how much of the traditional video game industry is just getting destroyed as Embracer impodes on itself.

The video game industry is so fucked.  We're gonna be looking at the next great console market crash very soon.

And not just that, but these idiots are also gonna end up taking down Middle Earth Enterprises and Dark Horse Comics along with them too.  Crazy to think that both companies involved with the LOTR movies will end up getting killed by both Unity (Wetaand Embracer (Middle Earth Enterprises) both imploding at the same time!

Edited by Dcubed
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@Dcubed Embracer also own Asmodee, a board game company that owns the majority of the modern board game market.

 

Edit: for a view of their size, they were purchased for over $3 billion.

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