This industry video game going through a period of change. Proof of this is the decision of the Japanese publisher, Square Enix to get rid of some of its studios and franchises about great Westerners $300 million to be paid by Embracer Group, with names like THQ Nordic and Saber Interactive, among others. The company’s western studios, which have changed hands, are Crystal Dynamics, Eidos-Montréal and Square Enix Montréal, as the most striking part of the sales contract.
Some intellectual property involved in the negotiation is also transferred through these development efforts. We cannot fail to highlight among the most famous Series like ‘Tomb Raider’, ‘Deus Ex’, ‘Thief’ and ‘Legacy of Kain’. Take a look at Square Enix’s memo announcing the transaction: “Square Enix Holdings Co. has signed an agreement with Crystal Dynamics, Eidos-Montréal, Square Enix Montréal, and Embracer Group to acquire IP.”
The group also welcomes: More than 1000 new employees “Today, with the acquisition of @CrystalDynamics, @EidosMontreal and @SquareEnixMtl, we’re our ecosystem with over 1,000 new colleagues with a great IP catalog like Tomb Raider and Deux Ex.
Regarding these brands, some franchises such as ‘Just Cause’, ‘Outriders’ and ‘Life is Strange’ developed by the publisher’s remaining western studios will continue to develop normally. As for Square Enix’s intentions regarding the sale, if we listen to its executives, the goal is to advance investment in new technologies like blockchain, artificial intelligence and cloud gaming to fit the business of the future. But despite the announcement, the acquisition of Embracer Group must be approved by the relevant regulatory authorities between July and September of this year.
Source: Informacion
Barbara Dickson is a seasoned writer for “Social Bites”. She keeps readers informed on the latest news and trends, providing in-depth coverage and analysis on a variety of topics.