Embracer Group Announces Restructuring Program; Crystal Dynamics Says It's Not Affected

The Embracer Group announced a huge restructuring program that includes closing studios and canceling games. Crystal Dynamics is unaffected.

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italiangamer91d ago (Edited 91d ago )

Those guys just bought a gazillion studios/IP and now they have to close/cancel a lot of these. That's what happens when you flash your checkbook around but you don't even know what to do with the things you just bought. Reminds me of a certain american company...👀

ABizzel191d ago (Edited 91d ago )

This happens with EVERY large scale acquisition regardless of the industry. When companies buy companies, there’s always a reduction of crossover staffing (usually corporate positions like HR, Marketing, Sales Reps, etc… all get the boot from the company being bought), in order to reduce the employee count and thus reduce the expense of paying all these new employees.

The restructure on game focus also makes sense. They have all these new IPs now, and spending time making B-tier titles like Evil West, doesn’t make sense, when they can be making Tomb Raider, Soul Reaver, Deus Ex, Marvel IPs (Avengers and Guardians of the Galaxy), Star Wars IPs (even though there are too many IMO), Borderlands, Dark Horse Comics Games like The Witcher, Stranger Things, Mob Psycho, Avatar, Hellboy, Sin City, and more.

They have the potential to go from a niche publisher, to becoming one of the more established publishers when it comes to A - AAA IP over the next 5 - 10 years, if to your point MS doesn’t try to buy them out first.

ThinkThink91d ago

Yeah, I get that same Google vibe from them as well.

Sonic188191d ago

When you say certain American company are you talking about Microsoft?

porkChop91d ago

This is happening because a $2B deal fell through at the last minute.

Tacoboto91d ago

The certain American company partnered with Crystal Dynamics and CD is just fine.

How's Aspyr doing on that KOTOR Remake partnership with a certain Japanese company?

+ Show (2) more repliesLast reply 91d ago
XiNatsuDragnel91d ago

This what happens when you eat things evenly you know what happens at the end lol.

-Mika-91d ago

I really wished MS bought Crystal Dynamics. I hate that they're owned by this company. They clearly don't know what they are doing.

Sciurus_vulgaris91d ago

Crystal Dynamics is likely unaffected by the restructuring because of its development contract for Perfect Dark. The studio is receiving money from MS, and doesn’t yet have to rely on sales revenue to stay open.

91d ago
badz14991d ago short, you want a Xbox exclusive Tomb Raider running at 30fps?

DeusFever90d ago

I hope that folks now understand why Square Enix sold all these studios for cheap. Paying developers is expensive. Glad to see Crystal Dynamix intact. “Guardians of the Galaxy” was a triumph.

ROCKY2890d ago

All companies will be affected in some way from this restructure - including the internal teams at CD
Department personal will be laid off based on internal budgets