After a $2 billion mess that saw thousands of layoffs with many studios and games shut down, new Embracer CEO hopes…
New Embracer Group CEO Phil Rogers aims to restore the company's reputation following a period of significant layoffs, studio closures, and game cancellations after a major acquisition deal fell through. Rogers emphasized that future mergers and acquisitions will be funded through organic cash flow, and the company is reflecting on past decisions and industry changes. He hopes to rebuild trust with gamers by delivering enjoyable titles and focusing on key intellectual properties.
- Entities
- Game: Star Trek Online
- Game: Kingdom Come: Deliverance
- Company: Crystal Dynamics
- Company: Eidos
- Topic: Layoffs
- Company: Deep Silver
- Person: Lars Wingefors
- Person: Phil Rogers
- Company: Warhorse Studios
- Game: Remnant
- Topic: Mergers and Acquisitions
- Company: Embracer Group
- Topic: Game Development
- Company: THQ Nordic
- Game: The Lord of the Rings RPG
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