While there is some truth to this, they did let some studios buy themselves back, including their relevant IPs, like gearbox.
Embracer bought a bunch of studios during the covid gaming bubble expecting investors that then didn’t show up. The idiots did intend to do something with all these IPs and studios, but then found themselves without money on hand to actually fund anything.
Now the studios and ips getting sat on are paying the price for that fuck-up.
The IPs were already sat on when Embracer bought them, largely. No one was making Outcast, Alone in the Dark, or Destroy All Human games when Embracer bought them. They might be well known IP by the standards of 20 years ago, but now they’re vintage and at bargain prices.
While there is some truth to this, they did let some studios buy themselves back, including their relevant IPs, like gearbox.
Embracer bought a bunch of studios during the covid gaming bubble expecting investors that then didn’t show up. The idiots did intend to do something with all these IPs and studios, but then found themselves without money on hand to actually fund anything.
Now the studios and ips getting sat on are paying the price for that fuck-up.
The IPs were already sat on when Embracer bought them, largely. No one was making Outcast, Alone in the Dark, or Destroy All Human games when Embracer bought them. They might be well known IP by the standards of 20 years ago, but now they’re vintage and at bargain prices.