https://www.ign.com/articles/embracer-group-is-starting-to-close-studios-campfire-cabal/
Embracer Group has begun closing studios, including developer Campfire Cabal, which was formed in September of last year.
It’s bad when the holding company can’t weather a streak of big budget flops. The Embracer Group has only a market cap of less than $4 billion yet they act like they are a Sony with their crazy buying spree of the last 5 years. They’ve over extended themselves.
While I say that, consolidation by a large company like Sony, MSFT, etc may not be bad for this reason, it can be bad for other reasons like how Activision treats its IPs after CoD. But then studios that have anything left but their IP may eventually be bought up, making consolidation an eventuality unless they themselves become big enough. Okay now my brain hurts.
Is a new Legacy of Kain and a new Deus Ex too much to ask out of life? I just want their stories complete!
Those aren't the studios they're closing. If you've even heard of the studios that closed I would be amazed.