Embracer Group Is Starting to Close Studios After Losing Out on Deal Worth Billions
Embracer Group has shut down Campfire Cabal as the company begins closing down some of its development studios after announcing a few months back that a deal worth $2 billion fell through.
The news was first made on LinkedIn (spotted by X user @bogorad222) by Bruno-Christian Belibou, who, according to his LinkedIn account, was an Executive Producer at the studio before its closure.
Embracer Group did not immediately respond to IGN's request for comment.
Campfire Cabal opened its doors last September and was founded and led by Jonas Wæver, who also served as the studio’s creative director. Wæver was previously at Logic Artists, where he created the tactical RPG series Expeditions. According to THQ Nordic, the studio would focus on “high-quality, narrative-driven RPGs.”
While the studio did not have a chance to ship out its first game before its closure, it was tasked with taking over any future entries in the Expeditions series. Though the studio did not officially reveal what its next project was.
In June, Embracer announced that it was planning to close studios, games, and layoff staff as a result of a failed partnership. However, Embracer Group did not go into specifics as to which studios would be affected at the time. Embracer Group is a media juggernaut, owning companies such as THQ Nordic, Saber Interactive, Dark Horse Media, Deep Silver, and most notably acquiring Crystal Dynamics, Square Enix Montréal, and Eidos-Montréal from Square Enix nearly a year ago.
Taylor is a Reporter at IGN. You can follow her on Twitter @TayNixster.
Read more on ign.com
