Article by Kotaku about the problems of the Embracer Group which had hoovered up tons of game dev studios in recent years and is now facing a huge amount of debt, resulting in countless layoffs and studio closures.

  • jlow (he/him)@beehaw.org
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    1 year ago

    This might be suoer naive but isn’t it also partly the fault of the studios for letting themselves being “hoovered up” (love that expression __) be Embracer? They would hopefully nit agreeing to being bought if not in financial difficulties but maybe sometimes it’s just the bosses being greedy?

    • squirrelOPM
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      1 year ago

      Sure, there are some which were just sold by disinterested owners, but it’s all over the place. A certain chunk of Embracer came from the original THQ when it went bankrupt. There are also semi-hostile takeovers of publicly traded companies (such as Koch Media) that did not have the means to fend off such a move. Yet another chunk are the former studios of Squeenix (Crystal Dynamics etc.) which had no say in their sale.