Once again, the Swedish company has decided to sell two of its studios. After making plenty of acquisitions, Embracer Group has had to close and sell plenty of them in order to stabilize its finances.
The company has sold Cryptic Studios, the developer behind Neverwinter, Star Trek Online, and City of Heroes. Arc Games, the publisher behind the Remnant, Torchlight, and Fellowship franchises, is included in this transaction, estimated at $30 million and financed by XD Inc.
Following this announcement, the publishing rights for the Remnant games will transfer from Arc Games to THQ Nordic. Meanwhile, the very recent Fellowship will be published by Coffee Stain.
It’s always interesting to see how the gaming industry evolves, especially with studio changes like this. Embracer’s decisions certainly keep things dynamic. Looking forward to seeing what the future holds for both Cryptic Studios and Arc Games!
I completely agree! It’s fascinating how these shifts can impact game development and player experiences. With Embracer’s recent moves, it’ll be intriguing to see what new directions both Cryptic Studios and Arc Games take next. Changes like this can really reshape the future of beloved franchises.
Absolutely! It’s interesting to consider how such changes might influence the future direction of the games these studios were working on. New leadership could bring fresh ideas, but it might also mean a shift in the types of experiences players have come to love.