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Embracer CEO Is Full Of Excuses
24.4.2024
The past year or so has been a slow-moving trainwreck for Embracer Group, following the large company’s unprecedented studio acquisition spree. And, after announcing on April 22 that the company was planning to split itself up into three different companies, the CEO of Embracer is only filled with...
Embracer Cancelled Nearly 30 Unannounced Games In Just 6 Months
15.2.2024
Embracer Group, the proverbial grim reaper of video game acquisitions, has been wreaking havoc on the studios and IP it has acquired in the past few years. From layoffs across several companies to shutting down of beloved studios like Saints Row developer Volition, and cancellations of...
This Is What It Looks Like When A Massive Video Game Publisher Messes Up
16.11.2023
This is Lars Wingefors, the CEO of Embracer, a Swedish holding company that owns multiple video game publishers, dozens of studios, and employs over 16,500 people. Or at least it used to. Embracer has been laying off hundreds, canceling projects, and closing studios as it reckons with deals that...
Embracer Shuts Down Saints Row Studio Volition After 30 Years
31.8.2023
Volition, the studio behind Red Faction, Saints Row, and countless other games, is closing its doors after 30 years. The decision was made by parent company Embracer after the sprawling conglomerate announced cuts earlier this year following the loss of $2 billion in funding that was reportedly...
Report: Embracer's $2 Billion Deal That Blew Up Was With Saudi Arabia
14.8.2023
Embracer Group, the Swedish holding company that’s been buying up everything from Borderlands maker Gearbox Entertainment to the rights to The Lord of the Rings, saw its stock plummet earlier this year when a mystery $2 billion deal collapsed at the last minute. Axios now reports that the partner...