Embracer Teases Remakes & Sequels For Classic Square Enix Games
Embracer Group has announced that it is planning to fully capitalize on its recent acquisitions of classic Square Enix IPs with sequels, remakes, and spinoffs potentially on the cards for games including Deus Ex and Tomb Raider. The acquisition saw Embracer Group buying out some of Square Enix's major Western studios earlier this month in what has become the latest significant game studio purchase this year, following Microsoft buying Activision Blizzard, and Sony's acquisition of Bungie.
Embracer Group acquired Crystal Dynamics, Eidos Montreal, and Square Enix Montreal, and with these studios, it acquired the rights to some of the biggest and most iconic IPs in the gaming world. These include Tomb Raider, as well as much-beloved franchises that have laid dormant for years like Thief and Legacy Of Kain. Upon purchasing these studios, Embracer reiterated that its mission was to create a leading independent global gaming and entertainment ecosystem and has pointed out that it was particularly impressed by the studios’ rich portfolio of original IPs, and could see plenty of opportunities to grow the studios and maximize their commercial opportunities. The Square Enix buyout totaled $300 million.
Related: System Shock & Deus Ex Creator Is Working On A New Game
A recent earnings report from Embracer Group has shone a light on the company's future plans with a particular section, highlighted by Twitter's Nibel, that references Tomb Raider, Deus Ex, Thief, and Legacy of Kain. In its statement, Embracer says that after the “overwhelming and positive response” to the purchase, it sees “a great potential” in the properties, especially the potential in remakes, remasters, spinoffs, and other transmedia projects. The latter could
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