Square Enix has revealed plans to establish new studios through mergers and acquisitions in its latest financial report.
Embracer Group is the latest games company to receive investor funding from Saudi Arabia.
Free Radical was re-established just two years ago, but may already be in danger.
New reports have flagged Gearbox as the next studio to potentially depart the Embracer Group umbrella.
The Swedish game publishing giant has ballooned over the last few years, but the collapse of a lucrative partnership has caused a shift.
Lost Boys Interactive was founded in 2017, and was later acquired and expanded by Gearbox.
Embracer Group has risen to become one of the major powerhouses of the modern games industry – so how did it get here?
Embracer announced the collapse of the deal in its quarterly earnings report.
Tomb Raider Reloaded is a mobile idle action game, co-developed by the now-shuttered studio, Square Enix Montreal.
Embracer Group has announced a number of major acquisitions and agreements set to be completed shortly.
