Embracer Group Is Starting to Close Studios After Losing Out on Deal Worth Billions

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Embracer Group has shut down Campfire Cabal as the corporate begins closing down a few of its growth studios after saying a number of months again {that a} deal price $2 billion fell by way of.

The information was first made on LinkedIn (spotted by X user @bogorad222) by Bruno-Christian Belibou, who, based on his LinkedIn account, was an Government Producer on the studio earlier than its closure.

Embracer Group didn’t instantly reply to IGN’s request for remark.

Campfire Cabal opened its doorways final September and was based and led by Jonas Wæver, who additionally served because the studio’s artistic director. Wæver was beforehand at Logic Artists, the place he created the tactical RPG sequence Expeditions. In accordance with THQ Nordic, the studio would concentrate on “high-quality, narrative-driven RPGs.”

Whereas the studio didn’t have an opportunity to ship out its first sport earlier than its closure, it was tasked with taking on any future entries within the Expeditions sequence. Although the studio didn’t formally reveal what its subsequent undertaking was.

In June, Embracer introduced that it was planning to shut studios, video games, and layoff employees on account of a failed partnership. Nonetheless, Embracer Group didn’t go into specifics as to which studios can be affected on the time. Embracer Group is a media juggernaut, proudly owning corporations resembling THQ Nordic, Saber Interactive, Darkish Horse Media, Deep Silver, and most notably buying Crystal Dynamics, Sq. Enix Montréal, and Eidos-Montréal from Sq. Enix almost a 12 months in the past.

Taylor is a Reporter at IGN. You may observe her on Twitter @TayNixster.

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