Gaming

30428 readers

261 users here now

From video gaming to card games and stuff in between, if it's gaming you can probably discuss it here!

Please Note: Gaming memes are permitted to be posted on Meme Mondays, but will otherwise be removed in an effort to allow other discussions to take place.

See also Gaming's sister community Tabletop Gaming.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

[email protected]

Embracer CEO confirms TimeSplitters studio faces closure before Christmas (www.videogameschronicle.com)

submitted 9 months ago by [email protected] to c/[email protected]

22 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 17 points 9 months ago (20 children)

this seems soon-to-be the Embracer cut. this company fucking sucks man. hate this shit

VGC reported earlier this month that Free Radical was at threat of being closed just two years after it was established, as part of huge company-wide cuts at Embracer and its owned publishers.

Although Embracer has yet to publicly confirm Free Radical's position, sources told VGC that Wingefors has now acknowledged in a company e-mail that the Nottingham, UK-based company could be closed on December 11, following the completion of a consultation process.

[–] [email protected] 19 points 9 months ago (19 children)

Why did they buy up everything ? Seemed to fall apart pretty quickly

[–] [email protected] 11 points 9 months ago (5 children)

They bought everything up because loans were cheaper and this positions Embracer as a strong IP holder. They now have lots of IPs they own and while you might think "Well they got no one to make the IPs for them!" that might be true in-house, although they certainly have plenty of successful studios still they are busy they have their pick of IPs. Additionally, you can license out IPs for a lot of money with additional funding from the actual sale of the game while a third-party publisher foots the bill entirely.

[–] [email protected] 1 points 9 months ago (2 children)

Even simpler, just having that IP denies the competition access to it. In their eyes that creates value and at the end of the day that's all that matters to these companies holding IP. They can just sit on it.

[–] [email protected] 1 points 9 months ago

I got the sense Embracer got the things it got specifically because they were being sat on, creating no value for anyone.

[–] [email protected] 1 points 9 months ago

That's certainly a factor but only if they are working on other IPs that might compete.

load more comments (2 replies)

load more comments (15 replies)