Emona Capital LLP
Emona Capital LLP business and news from across the web.
Latest coverage
Splash Damage acquired this studio just 3 months after laying off a bunch of people—now it's laying them off,…
Splash Damage Group, which was acquired by private equity investors and subsequently acquired Gamepires just eight months ago, has now laid off employees from Gamepires. This follows earlier layoffs at Splash Damage itself. The article highlights the cyclical nature of such events in the industry, contrasting the layoffs with the continued success of Gamepires' game, Scum.
State of Decay 3 Studio Was Going to Be Acquired by Splash Damage Before Deal Fell Through – Rumor
Xbox is reportedly divesting four studios, including Undead Labs, developer of State of Decay 3. A rumored acquisition of Undead Labs by Splash Damage fell through, as did potential deals for Ninja Theory. These moves are part of a larger business "reset" by Xbox, which has also involved significant layoffs and studio reorganizations.
"There is no easy answer anymore, there's no kind of playbook" – Secret Mode is hedging its bets with two very different pillars
Independent UK publisher Secret Mode is experiencing significant growth by focusing on two distinct pillars: 'pure indie' titles and higher-budget games like Star Wars: Galactic Racer. The company, which recently separated from Sumo Digital and Tencent, is also exploring a 'caretaker development' model for existing titles and emphasizes the importance of discoverability in the current market.
"We're always on the hunt for new content" – Secret Mode on the surprise acquisition of Chained Together
Secret Mode has acquired the viral co-op platformer Chained Together from Anegar Games, with backing from Emona Capital. CEO Ed Blincoe stated that acquisitions are a core pillar of their strategy, alongside signing new titles. The publisher plans to bring in a new development team to expand content for Chained Together and is also continuing its support for the previously acquired game, Escape the Backrooms.
Chained Together links up with Secret Mode for future development
Publisher Secret Mode has partnered with Anegar Games for the continued development and support of the viral co-op platformer Chained Together. The game, which has sold over 10 million copies on PC, challenges up to four players to ascend through treacherous environments. Secret Mode, an independent publisher that has previously supported titles like Escape the Backrooms, will bring new development partners to the project.