GamesIndustry.biz

FEBRUARY 16, 2024

Embracer CEO Lars Wingefors said that the current reduction in workforce at the company and across the industry is "something that everyone needs to get through," later adding that the group's strategy has been to cut the things that have "the lowest chance of success going forward" and to only keep "the most iconic studios."

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Studios Games 142

GamesIndustry.biz

NOVEMBER 3, 2023

Update : A spokesperson from Cryptic Studios has confirmed "personnel changes" at the company to GamesIndustry.biz. As a result of Embracer's restructuring, the Star Trek Online developer will be operating under DECA Games going forward. The spokesperson did not clarify the number of people impacted. "As Read more

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Studios Development Games 131

GamesIndustry.biz

NOVEMBER 28, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox Embracer Group is poised to shut down Free Radical Design on December 11. As reported by VGC , per people familiar with the matter, the decision was confirmed by CEO Lars Wingefors via company email. Read more

Studios 121

Studios 121

GamesIndustry.biz

OCTOBER 19, 2023

Revenue generated by Swedish games companies in the country has grown 13% year-on-year, reaching €3.1 When including international sales in addition to domestic sales, revenue generated by Swedish games companies reached €8.1 The Embracer Group represented €3.5 Read more

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Games Development 130

GamesIndustry.biz

NOVEMBER 23, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox To say it's been a rough year for the games industry's workforce is putting it mildly; thousands of jobs have been lost as companies restructure and downsize following rapid growth during the onset of the pandemic.

AAA 123

AAA Media Studios Development 123

GamesIndustry.biz

OCTOBER 26, 2023

As reported by Forbes Hungary , the Embracer Group subsidiary cut approximately 10% of its workforce following an internal reorganisation earlier this year. Read more

Animation 114

Animation Animation Studios 114

GamesIndustry.biz

DECEMBER 18, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox Embracer Group has announced it has secured agreements that extend its credit and loan facilities into 2025. billion ($166.2 million).

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97

GamesIndustry.biz

MAY 25, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox The CEO of Embracer Group has said the abrupt end to a potential partnership his company was due to announce was brought about by "external factors."

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114

GamesIndustry.biz

JUNE 27, 2023

The Embracer Group under the leadership of its CEO Lars Wingefors was set to be the most successful European video games publisher, rivalling the giants in the U.S. Years of numerous acquisitions of video game studios, distributors and publishers had made Embracer into a powerhouse in the industry. Read more

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Studios Games 97

GamesIndustry.biz

JUNE 13, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox Embracer has made some key changes to its executive management team as it begins an extensive restructuring of the group.

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98

GamesIndustry.biz

MAY 15, 2023

The company announced today that it has reached an agreement with Embracer Group, which owns the series' rights holder Middle-Earth Enterprises, to develop and publish an online multiplayer game based on Tolkien's renowned fantasy work.

Fantasy 101

Fantasy Development Games 101

GamesIndustry.biz

AUGUST 14, 2023

Savvy Games Group has been revealed as the strategic partner that backed out of the $2 billion deal with Embracer Group. While the $2 billion partnership fell through, the two companies are still linked to each other. While the $2 billion partnership fell through, the two companies are still linked to each other.

Games 52

Games 52

GamesIndustry.biz

AUGUST 18, 2023

Sign up for the GI Daily here to get the biggest news straight to your inbox Embracer Group is keen to move on from the collapse of a partnership worth at least $2 billion, claiming the deal is now "history" and the company has "taken control in our own hands."

Alpha 52

Alpha 52

PreMortem.Games

MARCH 6, 2024

Bowden’s global journey began with a job at ITE Group, an event organizer based in London, where he worked on events across Europe, Russia, Kazakhstan, Ukraine, and other diverse locations. Upon his return, Bowden established his first company, Catalyze. ” This prompted Bowden to expand their efforts.

Games 167

Games Studios Racing Development 167

Game Daily

JUNE 2, 2023

Separately, the company opened up about its expectations for the VR / metaverse market and its hopes that the casual sector holds the key to widespread adoption. The numbers, across the board, tracked in between these extremes for two middle groups that Meta characterizes as mid-core generalists, and mid-core enthusiasts.

Mobile 98

Mobile Mobile Platformer AI 98

PreMortem.Games

NOVEMBER 23, 2023

Embracer, for example, regained favor from investors last week. Game companies remain mostly absent, despite New York’s growing prominence as a hub for investment and creativity in interactive entertainment. Smaller, mostly privately-held game makers have had to let go of substantially larger groups of people.

Platformer 104

Platformer Culling Games Entertainment 104

Ask a Game Dev

SEPTEMBER 14, 2023

In any software company like Unity, the vast vast majority of costs comes from employee salaries. If they had managed to keep costs at double their spending in 2019, they still would have earned $243 million in profit. Instead, they lost $882 million in 2022. Where does all of this cost come from?

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Software Dev Development Games 98

Game Daily

AUGUST 21, 2023

Notable deals include the $50 million secured by metaverse gaming company Everdome in April, invested by GEM Digital; $48 million raised by in-game advertising outfit Anzu, and blockchain gaming firm Mythical Games adding $37 million to its war chest, thanks to a Level C investment round led by Scytale Digital.

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Esports Mobile Mobile Mobile Gaming 52

Game Daily

SEPTEMBER 6, 2023

At the same time, game companies are too often prone to short-termism, and the calculations of C-Suite mandarins, who demonstrate a callous attitude to the people who make the games that drive long-term growth and consumer satisfaction. Reports are also circulating that Embracer has ordered more layoffs at another of its offshoots, Gearbox.

Games 52

Games Studios Agent Media 52

iXie gaming

MARCH 24, 2024

As a developer or game development company , you must budget sample staff for turnaround and lead time. What’s more, you can embrace modern technologies to streamline localization testing workflows. This way, you can clearly determine the resources and time you can afford to commit to localization testing.

Localization 52

Localization Quality Assurance Games Platformer 52

Deconstructor of Fun

JULY 11, 2023

Other significant groups are marketing folks (17%), executives (9%), and central service teams (7%). The biggest group (37%) of respondents was working fully remotely. The minority group, with only a little more than a tenth (12%) reported working on-site. “I Whereas executives of smaller companies don’t really have the option.

Games 98

Games Data Balance Writing 98

Deconstructor of Fun

FEBRUARY 5, 2024

Verdict: CORRECT (1 Point) #2 Publishers Push to Off-Platform Payments Webshops, enabled by companies like Xsolla , have had a breakthrough year. Which will result in a big win for companies like Xsolla. Roughly put, 2023 created two groups of marketers. Yet one thing remains common for both groups.

Racing 52

Racing Advertising Platformer Writing 52

Game Daily

OCTOBER 4, 2023

Launched last month, it features people looking for work, a list of companies hiring, and a list of recruiters. Now, seven of them are suing the company for a fairer severance package. Eurogamer reports that much of the company’s quality assurance team are going to lose their jobs. In August, Bioware laid off 50 workers.

Quality Assurance 52

Quality Assurance Media Games Communications 52

PreMortem.Games

APRIL 3, 2024

In a moment of dissatisfaction, while working at a prestigious engineering company in Turkey, Dorothy Orina made a decision that changed the course of her career. After high school, Orina joined PACEmakers International, a group that helps children in underserved areas get a good education. Apparently I was really good.

Engine 147

Engine Engineering Game Developer Game Development 147

Febucci

MARCH 6, 2023

Created a company, relocated in Turin (from Rome), working on the game and developing Text Animator 2.0. Its partners include Microsoft and 34BigThings (Saber Interactive, Embracer Group) and it’s focused on companies, investments and more. 2023… what a start!

Animation 59

Animation Animation Internet Art 59

Moonmana

OCTOBER 31, 2022

Founded in 2008 , Moonmana is a European game development company and Art production studio that works hand-in-hand with Forbes TOP 13 List of the most valuable video game companies. . The key to the company’s success is the presence of talented and experienced professionals worldwide.

Concepts 52

Concepts Game Developer Game Development Development 52

PreMortem.Games

APRIL 26, 2024

Embracer’s three-way split is actually the financially mature thing to do. This week Embracer announced that it is going to split into three separate publicly-listed game companies: Asmodee Group, Coffee Stain & Friends, and Middle-earth Enterprises & Friends. Quick thoughts by Joost van Dreunen.

Asset 104

Asset Film Entertainment Studios 104

Big Games

JANUARY 30, 2024

A game development company that designs software with robust graphics capabilities that allow developers to create visually stunning scenes that captivate players. Research the software’s community forums, online discussions, and user groups to gauge community engagement.

Software 52

Software Game Design Game Designer Cross platform 52

Deconstructor of Fun

JULY 4, 2023

Remote is a great lifestyle, not a way to build a great company” - David Sacks former PayPal Holdings Inc. For the past year leading tech companies have stopped asking and begun mandating their employees to return on-site. This is fairly important because most, if not all, companies need help recruiting senior talent.

Communications 72

Communications Data Balance Studios 72

Big Games

OCTOBER 16, 2023

Embrace Debugging Debugging is a significant part of development, and that is why you need to learn to use debugging tools for Android Studio effectively to identify and fix issues in your code. Contact the supportive and proactive Android developer groups rather than spending endless hours contemplating the problem.

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Code Debug Games Concepts 52

Deconstructor of Fun

MARCH 4, 2024

Imagine leading a group of developers, artists, and designers piecing together the next epic game … Now imagine doing it without a physical office. Also, make sure to catch the entire conversation below: Fully Commit to Your Work Setup ✅ DO: Fully embrace remote work to maximise both efficiency and cost savings ?

Communications 52

Communications Data Balance AAA 52

AWS Games

JANUARY 23, 2024

This dedicated group of security experts is committed to understanding and mitigating DDoS threats. We’ll explore how AWS Shield Advanced represents these practices and provide actionable tips for gaming companies eager to fortify their defenses against DDoS threats.

Technology 64

Technology Studios Data Platformer 64

CG Spectrum

APRIL 3, 2023

The conference had so much to offer, and it was really fun to experience it together as a group. We made our way through sprawling booths and displays from companies like Epic Games, Sony, Microsoft, and Unity (to name only a few!). Then you need to figure out how they got the job or what the expectations are for those companies.

Game Developer 90

Game Developer Game Development Development Games 90

Deconstructor of Fun

DECEMBER 5, 2022

Overall, consolidation has been the name of the game during the bear market as several top mobile publishers got acquired by larger gaming companies, which in turn will lead to more gaming IPs entering the mobile gaming market. The maturity of the mobile games market can be underlined in the two graphs above.

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Mobile Gaming Mobile Mobile Cross platform 98

Deconstructor of Fun

NOVEMBER 7, 2022

This is in line with the macroeconomic situation where companies that possess the pricing power are making consumers carry the cost of inflation. Companies typically reduce prices to capture the biggest audience possible. raises $8.4M

Cross platform 52

Cross platform Mobile Mobile Games 52

OPM Jobs

MARCH 31, 2023

Slowly companies started to realise they were ignoring a huge potential audience. How Can Developers Embrace the Trans Gaming Community? This was intended to mirror the way that real life companies use hyper-sexualised marketing tactics to sell products and is not meant to be seen as a good thing.

Games 87

Games Entertainment AAA Media 87

Moonmana

JULY 4, 2022

In this regard, we can’t say that Covid actually influenced the industry in terms of work organization, as many companies adopted home offices even before the social restrictions were imposed. Average weekly time spent playing video games worldwide as of January 2021, by age group. Trends Recap for 2021. Source Statista 2022.

Game Developer 52

Game Developer Game Development Development Games 52