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Embracer Group Shuts Down Sq. Enix Montreal Studio Simply Months After Buying It

November 2, 2022
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Embracer Group Shuts Down Square Enix Montreal Studio Just Months After Acquiring It 2

  In accordance with <a href="https://www.bloomberg.com/information/articles/2022-11-01/embracer-group-shuts-down-montreal-video-game-studio" goal="_blank" rel="noopener">a <em>Bloomberg</em> report</a>, online game writer Embracer has shut down Onoma, the studio previously generally known as Sq. Enix Montreal, simply months after its acquisition. Some workers might be transferred to Eidos Montreal, one other studio owned by Embracer. This information comes only a few weeks after Onoma <a href="https://www.studio-onoma.com/en/studio-onoma-our-rebrand-story/" goal="_blank" rel="noopener">underwent a rebranding course of</a> the place it adopted the brand new identify.

Onoma was greatest recognized for its work on the Go sequence, turn-based spin-offs of in style Eidos Interactive titles designed for cellular. This consists of Hitman Go, Lara Croft Go, and Deus Ex Go. Their most up-to-date work was Tomb Raider Reloaded, which got here to cellular units earlier this yr, and their future plans concerned a title primarily based on Avatar: The Final Airbender.

        <img src="https://www.gameinformer.com/websites/default/information/types/body_default/public/2022/11/01/c504be42/onoma_logo.jpeg" alt="" class="image-style-body-default" />

Earlier this yr, Onoma was only one a part of a a lot bigger sequence of Embracer’s acquisitions, which included Crystal Dynamics and Eidos Montreal. In August, Embracer proceeded to amass Restricted Run Video games, Tripwire Interactive, Tuxedo Labs, the IP rights to The Lord of the Rings and The Hobbit, and several other extra studios.

The Bloomberg report additionally says that the closure is a part of a cost-cutting initiative, and that Eidos Montreal can have tasks scaled again and minimize as nicely. A few of these sources might be redirected to help within the growth of a sport within the Fable franchise, led by Playground Video games.

[Source: Bloomberg]

Had been you a fan of the Go sequence? Do you suppose acquisitions are good for the video games business? Tell us within the feedback.

Supply: Recreation Informer



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Tags: AcquiringEmbracerEnixGroupMonthsMontrealShutsSquareStudio
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