>layoffs at Gearbox
>Tomb Raider studio is bleeding employees
>Knights of the Old Republic Remake cancelled
>Saints Row developers closed three months ago
>Embracer considering to sell Gearbox
Why did they spend these past few years buying up so many companies and IP if this is the end result?
they still have their one ace up their sleeve: the Deus Ex Remake
if they fuck that up, then it'll be unironically over for them
problem: Deus Ex games take 4+ years to make now. HR took longer, MD took shorter but was built on the strong foundation of HR and rushed and lacked content. for a new DX to be good it would have to either build on top of the HR/MD formula again and take 3+ years or come up with a new formula, perhaps more classic without third person moments, and take 5 years to make.
everything about Embracer screams quarterly growth report BS, zero long-term plan.
>Deus Ex Remake
Please no
The "modernizing" mods are painful already.
Just make a fucking PROPER Deus Ex 2.
Or finish the Jensen story.
Invisible War is a game that should actually be remade because it really stands to be improved upon. Don't think the writing would be any better
his kind doesnt care, he wants a remake to say "oh yeah, i really like deus ex".
Eidos Montreal are currently developing an open world game before they can make another Deus Ex game. It's still a long time before it happens, if ever.
The open-world game Eidos is working on is Fable. Square Enix had both Crystal D and Eidos working as support studios for Microsoft before they sold them to Embracer and it's speculated the only reason Embracer got them in the first place was because Microsoft was having trouble getting Activision over the line and couldn't bid while Square needed the cash injection.
I wouldn't doubt MS getting them if Embracer's selling again.
Don't make me tap the sign.
Expanded too much while not giving people things to work on. It was too stupid. It was investment bait that failed badly. Their scam backfired on them.
Also microshit is similar but they have income sources to keep them afloat.
they were promised like 4 billion or something from some saudi investors for a year and then when the time came to invest they backed out so suddenly embracer was out billions that they had planned for already.
Literally backed out during the CEO's presentation to investors. Everyone saw how panicked he looked when he got the news in front of them. If this was old Japan, he'd never be able to show his face again out of public shame.
>Japan
Embracer is european
That's why I said IF you ESL
Is there a video of that?
Investors only as far as I know. A few people reported it on twitter but we don't have the full video
>Fed raises interest rates
>business built on the premise of cheap and easy money flowing endlessly suddenly collapse
many such cases
>Base your entire business model around acquisitions and the belief interest rates will stay at 0% forever
>They don't
>Now you're fucked
LOL
because growing was their only business plan. Basically a ponzi scheme.
In case of Tesla or Netflix its possible to make it work
don't worry too much, those vacants will be replaced by totally competent indians and diversities
>try to suck off arab cock
>fail
>lose 2 billions in market value
>scramble and cancel projects
why would arabs be invested in some dead francises like deus ex or thief? I highly doubt its popular there.
>>try to suck off arab cock
>>fail
Wonder why the deal fell through. Strage to go on such a buying frenzy if they didn't have 1000% confidence the deal was secured
>Wonder why the deal fell through
Bad time to invest in games. Why spend money on games, when you can take a dump on an insta-thot?
They still have a ton of IPs they got for almost nothing. Embracer would try to live by releasing old ports and subrenting the IPs
The game devs? Well, sucks to be them
the bubble is bursting
go woke, go broke
Are there yet ?
Can we have our industry crash yet ?
Maybe, do you think the megacorps (Microsoft, Apple, Google) that would come out of it unscathed and would pick the broken pieces are going to improve things?
all 3 would just fail. microshit still is last place and stadia was a massive flop.
They cant fail if there is no competition, thats the plan
No, but i would hope for their deaths. Along with Sony and Nintendo. Don't know if we should allow for Sega to remain, knowing how retarded they've become.
Microsoft should buy them Eidos and Crystal Dynamics and let the rest die.
this is basically the only way to lower the chances of a new Tomb Raider or Deus Ex coming out in our lifetime. right now the chance is about 5%. if Microsoft buys the devs it goes down to 1% or less.
i mean have they even done anything? all i heard is that they just kept acquiring studios and IP's and then just sit on them. like you still have to develop those games you know.
they pretty much just bought studios and then told the do whatever you wanna do.
they were counting on money form certain investors that backed out last minute though which caused them to have to cut studios off.
the downfall of embracer has nothing to do with wokeness or anyhting politcal.
they told studios they could do whatever they wanted as long as it was profitable enough.
the thing that fucked them over was counting on money they didnt have and then planning around that money before they had it.
I'm sure a lot of companies more or less do plan around money they don't yet have, seems like Embracer's issue was the sheer degree of overspending on relying on one big golden Saudi egg
It was a investment scam. Their plan was to show off as a industry giant with hundred of IPs (mostly dead and forgotten) and small sized studios to try to fool some dumb investors into sinking money in them. The plan backfired, not even the arabs wanted to waste money on them and now Embracer is minimizing the damage by firing everyone sknce they never made enough money to pay so many devs
>take free money from the government
>amass zany speculative investor capital (mostly gotten as free money from the government)
>buy a bunch of companies and live the high life for a year or two
>no more money anymore
>fire everyone in those companies and dissolve them
>move onto the next scheme
yep i love "capitalism"
In case anyone is worried, this guy has left the company before, and he's being replaced (in the interim) by the head of Saber Interactive.
>spend tonnes of money acquiring studios based on a "trust me bro" deal you are not even close to signing
>give false hope to nuDXfags
Based durkadurs saving us all from a neo-nu-Deus Ex.
Hey, jensencuck.
There's only one Deus Ex game and it will remain that way forever.
of the Old Republic Remake cancelled
Justice for fucking Aspyr.
These bitches bought Antimatter Games and then shut them down before '83 came out. They had just finished some amazing tech for their follow up to Rising Storm 2. God I hate this gay shit.
Wait
They thought that nu-Saints were worth pushing out, but they axed Antimatter?
Yeah, they will die in next 2 years.
EG7 is a different company, and shut down those studios because a israeli investor bought it out.
This makes me think that they're going to triple down on AA gayming with THQ Nordic. I think Jagged Alliance 3 was a pretty good success and that is a niche genre unless you're called XCUM
I find it funny how the western gaming industry is falling apart like no one's business.
>Saudi blood money can literally tank one of the largest investment/gaming companies in the world
Sad that everything we love will be owned by chinks and sand naggers in ten years
Better than Americans and their insane minds.
I thought China was hitting a long economic downturn. Saudi Oil money isn't infinite, the rich are just going to bail on those piles of sand, when the oil is gone. They're not even expanding their economy, which is why they're not a threat.
All the people in those countries are super fucked though.
What's happening to China is basically like another late 80s Japan. It will take a while for the full effects and should be more stagnation than actual fall.
And the Arabs are rushing to invest in other stuff now which is why you see people bringing them up in this context now.
>When the oil is gone
Well he long long dead before the oil is gone.
Gone is too strong of a word. Even reduced outputs over the norm will cause shocks through the market as they can stop lying about whats remaining.
The Saudis are trying to shore up against a loss in oil revenue with foreign investment. I can't imagine how that would work long term, seems like it would put their balls in a vice grip regardless once nobody is buying oil from them.
They have trillions to spare, might as well buy assets to sit on. If oil ever goes tits up, sell them. That won't happen for several generations. Aliens will probably invade sooner than their assets and cash dries up.
..and you will be happy !
don't even care about the bad business, i sold all my stock because they won't leave Russia
The goal was to keep using other peoples moeny to make games until they made money
They ran out of other peoples money
It's gonna flop financially but I hope they still manage to release Outcast 2.
Turns out pushing wokeshit at every opportunity is a bad business model
Please just release timesplitters before going bankrupt.
All I ever fucking wanted was a new Timesplitters game. I'm never getting it now, am I?
You know how everyone is posting about investors and shareholders ruining gaming by rushing releases, pushing ESG bullshit, etc? Embracer is what you get when shareholders run the company: a bunch of retards with no idea what they're doing or have any clue how the industry works.
>"You have to speculate to accumulate, so why don't we speculate and buy a bunch of hot, exciting gaming IPs?"
It's the venture capital equivalent of an old boomer buying a local restaurant or bar because "muh passive income", without realizing you can't just pump money into a business and expect to instantly reap rewards if you know nothing about how that business works, unless you're already so disgustingly wealthy you can weather the financial losses a failed business brings. oy vey
Embracer group is fucked, they used investor money to buy up a bunch of subpar studios that will never turn a profit. They're going to sell off these studios in a struggle to survive or be forced to sell once they file for bankruptcy
they also hoarded the largest collection of physical games in the world
Game studios have no fucking worth. Only things that matter are popular IPs. Embracer needs to stop trying to make games (very risky, what if HR hires troon friends and women and the game is shit?) and instead just license IPs.
game studios do have worth as long as they have passionate, talented people working well as a team in them. but that "worth" usually disappears as soon as the studio is sold off. the only time buying a game studio is really worth it is if you are so beyond the concept of money that you simply do not care if you eat a 100 million loss, like microsoft
>100 million loss
probably more like 1000 million honestly
>buy thq name
>crash and burn like thq
can't wait for them to auction off everything and the cycle to repeat with whatever company buys the thq name next.
>Embracer Group
kek, i still remember the stream they did after Saints row bombed and they lost the deal with Saudi Arabia. You could feel the terror in their eyes.