Embracer COO Departs After Mass Layoffs, Studio Closures
Embracer Group COO Egil Strunke has announced his departure after a tumultuous year for the company. Following a series of high profile acquisitions, Embracer spent most of 2023 shedding staff.…
Embracer Group COO leaves amid restructuring to form own company
Embracer COO Egil Strunke is leaving the company to form Strunke Games.
Pinball FX developer Zen Studios allegedly hit by layoffs as Embracer continues cuts
Around 32 developers were apparently laid off from the Hungary-based Zen Studios, which develops Pinball FX and similar digital pinball titles.
Embracer Group Warns of More Studio Closures
Saints Row studio Volition was the first developer shut down by Embracer Group in its ongoing restructuring exercise, but it won’t be the last. The company has warned of more…
Embracer Group is seeking outside funding to avoid more layoffs
More layoffs and closures could be coming to Embracer Group subsidiaries should the company fail to find funding for projects.
Gearbox Could Be Put Up For Sale, Embracer Reportedly Seeking Buyers
Gearbox Entertainment might be up for sale again, as reports have begun to surface that owner Embracer Group is looking for potential buyers for the company behind the Borderlands and…
Report: Gearbox Entertainment Might Be Sold by Embracer Group
According to a new report by Reuters, Embracer Group is considering selling Borderlands company Gearbox Entertainment. Gearbox Entertainment — which encompasses developer Gearbox Software and publishing arm Gearbox Publishing —…
Saints Row Developer Volition Shut Down by Embracer Group
Volition Games has announced that it is shutting down, effective immediately.
Lord Of The Rings Performing “Well Ahead” Of Business Plan, Embracer Says
Embracer Group, the video game giant based in Sweden, has reported robust quarterly results, showing a 50% increase in sales during a period marked by layoffs and division closures. These…
Lord Of The Rings IP “Well Ahead Of Business Plan”, Embracer says
Embracer Group has said the Lord of the Rings intellectual property (IP) is performing “well ahead” of the business plan it set out when it bought the franchise in 2022.