Embracer CEO Lars Wingefors will step down as CEO; deputy Phil Rogers will take his place
Embracer CEO Lars Wingefors is stepping down as CEO while his deputy CEO Phil Rogers will take over the top job in August. Wingefors...
Eidos-Montreal lays off staff, citing inability to transfer them to new projects
Eidos-Montreal announced today via LinkedIn that it was laying off 75 employees, adding the company to the ever-growing list of game developers and publishers...
A new generation of J.R.R. Tolkien games is coming | Lee Guinchard exclusive interview
In his office, Lee Guinchard has a bunch of paraphernalia honoring J.R.R. Tolkien and his works The Hobbit and The Lord of the Rings....
Gaming M&A activity in Q1 2024 outpaces all quarters in 2023 | Drake Star
Financing for gaming companies is on an upward trend for the first quarter of 2024 according to Drake Star Partners. Both mergers and acquisitions...
At a loss: The fallout of Embracer’s months-long restructuring
Last week, the Embracer Group announced that it was finished with its internal restructuring program. These cost-cutting measures resulted in the loss of about...
Embracer divests Saber Interactive for $247M, pulls out of Russia
Embracer Group announced today that it has sold Saber Interactive for $247 million to Beacon Interactive. Reports of the deal going through first surfaced...
Embracer to sell Saber, Star Wars: KotR remake dev, for $500M
Embracer Group has plans to sell Saber Interactive, one of its largest subsidiaries, to a group of private investors in a deal worth up...
Embracer says 1,387 jobs and 29 games lost isn’t enough
2023 and 2024 have been ruinous for the game development community, as layoff after layoff has struck every corner of the industry. At the...
Embracing the games industry’s state of calamity | Kaser Focus
I haven’t mentioned this to GamesBeat’s audience directly up to now, but earlier this year I began doing a daily (well, business days) video...
Embracer reportedly laying off Gearbox Publishing employees
Embracer Group’s restructuring plan appears to have affected Gearbox Publishing. Following yesterday’s closure of development studio Volition, posts from Gearbox employees surfaced this week...