3 years after a $2 billion implosion, studio closures, and cancellations, Embracer's new CEO hopes 'trust is…
Embracer Group CEO Phil Rogers expressed hope for improving trust in the company despite a period of significant restructuring, studio closures, and cancellations. The company has undergone multiple reorganizations and asset sales, including the sale of Gearbox and the closure of Arc Games and Cryptic Studios. Rogers acknowledged the industry's challenges and stated that Embracer is focused on resetting and improving its position, with potential for future mergers and acquisitions guided by past learnings.
- Entities
- Topic: Company Restructuring
- Company: Gearbox Software
- Company: Coffee Stain
- Company: Middle-earth Enterprises
- Topic: Business Strategy
- Topic: Layoffs
- Company: Arc Games
- Person: Lars Wingefors
- Person: Phil Rogers
- Topic: Mergers and Acquisitions
- Company: Embracer Group
- Company: Fellowship Entertainment
- Company: Eidos Montreal
- Company: Asmodee Corp
- Company: Cryptic Studios
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