Free Radical Design
Free Radical Design business and news from across the web.
What the heck are you playing at, games industry?The article criticizes the recent surge in video game studio closures and layoffs, highlighting numerous studios shut down by major publishers like Ubisoft, EA, Embracer, Sony, and Microsoft. It questions the business strategies of these publishers, particularly Microsoft's handling of Ninja Theory and the high development cost of Xbox exclusives like Gears of War E-Day, while also pointing to the industry's pursuit of live services and infinite growth over sustainable development.
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.
Deus Ex and TimeSplitters games teased as Embracer Group does more restructuringEmbracer Group is restructuring and exploring external partnerships for its less prominent game franchises, including Deus Ex and TimeSplitters. This comes after the company previously cancelled new installments in these series and shut down studios like Free Radical Design. The conglomerate aims to capitalize on IPs such as Saints Row, Legacy Of Kain, Red Faction, and Thief, while its core AAA IPs like Tomb Raider and The Lord Of The Rings will be managed by a new entity called Fellowship Entertainment.