Coffee Stain
Coffee Stain business and news from across the web.
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.
Former Embracer CEO says Fellowship Entertainment spin-off is the "most effective long-term solution"Embracer Group's former CEO Lars Wingefors has stated that spinning off Fellowship Entertainment is the most effective long-term solution for its undervalued intellectual properties. The new entity will focus on IPs like Kingdom Come: Deliverance, Tomb Raider, and Lord of the Rings, aiming for industry-leading profitability and organic growth. This move is part of Embracer's broader restructuring efforts following significant layoffs and asset sales.
Embracer is splitting in half again, sending Fellowship Entertainment on its merry wayEmbracer Group is splitting into two segments, creating a new company called Fellowship Entertainment to house major IPs like The Lord of the Rings and Tomb Raider, with an IPO planned for 2027. This move aims to better communicate Embracer's diverse operations and unlock the potential of its undervalued assets. The company has undergone previous splits and significant layoffs following financial difficulties.- Goat Simulator maker Coffee Stain shutters Malmo studioCoffee Stain, the developer behind Goat Simulator, has closed its Malmo-based mobile studio. The studio closure resulted in the layoff of 17 employees.
Goat Simulator maker Coffee Stain shutters Malmo studioCoffee Stain, the company behind Goat Simulator, has closed its studio in Malmo, Sweden. The article features a discussion among users about Sony's strategy regarding PC releases of its first-party games, revenue, and the impact on console sales.
Mobile-focused studio Coffee Stain Malmö shuts downCoffee Stain has closed its mobile-focused studio in Malmö, Sweden. The studio's VP of mobile, Daniel Persson, announced the closure on LinkedIn, expressing pride in the team's accomplishments. It is unclear if the 17 employees were laid off or reassigned within the Coffee Stain Group, which was recently spun out from Embracer Group.
Manosphere gets all pent up because little old Satisfactory poked a bit of fun at themThe developers of Satisfactory, Coffee Stain, sparked controversy with an April Fools' Day joke that playfully addressed the underrepresentation of male characters in the game, given the player character is female by default. This led to backlash from a segment of the player base, who accused the company of being 'woke' and engaging in culture wars, prompting a discussion about gender representation and player expectations in gaming.
Goat Simulator maker Coffee Stain shutters Malmo studioCoffee Stain Malmo, the Swedish mobile studio behind Goat Simulator 3 and Songs of Conquest Mobile, has been shut down. The closure affects 17 employees, with the future of the team members currently unclear. This follows a broader restructuring program at parent company Embracer Group, which has led to widespread layoffs and studio closures across its subsidiaries.
Ghost Ship Games announce the early access release date for Deep Rock Galactic: Rogue CoreGhost Ship Games and Coffee Stain have announced that Deep Rock Galactic: Rogue Core will launch in Early Access on May 20. This co-op roguelike spin-off of Deep Rock Galactic will feature progression-based upgrades and rewards. A playtest is also available for players to sign up for on Steam.