Embracer Group

While CEO Lars Wingefors announced that layoffs will be happening, he could not provide forecasts on just how many jobs will be terminated.

While critical reception was lukewarm, Embracer Group revealed that Dead Island 2 has still sold incredibly well.

Embracer has been aggressively picking studios and IP, but recently reported the failure of a $2 billion USD deal in its recent financial report.

Embracer Group's Middle-earth Enterprises signed a deal with Amazon to create a Lord of the Rings MMO from the developers that brought us New World.

Deep Rock Galactic: Survivor will be kind of like Vampire Survivors, but with more dwarves and bugs.

Ghost Ship Games has launched its Ghost Ship Publishing arm to help elevate the Danish games industry and small developers worldwide.

Lara Croft's latest mobile adventure will also be coming to Netflix Games where subscribers can play it for free.

While Gearbox isn't acquiring Hopoo Games in addition to the Risk of Rain IP, Gearbox teased it is working with Hopoo on a new project.

Embracer's aggressive acquisition of studios in the video game space seems to have paid dividends in the previous quarter.

We thought we jumped the gun in May, but perhaps we were right all along: a new Deus Ex is in fact in development according to Jason Schreier.