Embracer is closing more studios – Zing

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Hugger he will not stop the investigation he announced in the summer. So far, for example, the studio has become its victim will after the Saints Row series, it was released in Gearbox Publishing And Crystal Dynamics. Head of a Swedish holding company Lars Wingefors reported unpleasant information at the annual general meeting.

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“As a result, we will decide to restructure or reduce some teams, and several teams will be closed. It is complex and takes time, but we announced it in June and now we are approaching the end of September and we are confident that we will achieve the targets that we set for the end of the financial year,” he said.

He also hinted at the possibility of selling some studios. He spoke of a “strong and dynamic market” that provides opportunities for such solutions. According to Reuters, Embracer is considering a sale Transmission, from the creators of Borderlands. A potential contender could be Take-Two Interactive, which has a long-standing game publishing partnership with Gearbox.

The unprecedented number of Embracer purchases in recent years has impacted sales, but has also had an impact on the sustainability of the project. The restructuring comes after the alleged collapse of the Saudi Sovereign Wealth Fund’s investments.

Source :Indian TV

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