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Square Enix sells western studios and IP to Embracer Group

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Square Enix sells western studios and IP to Embracer Group

Old 05-02-22, 07:32 AM
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Square Enix sells western studios and IP to Embracer Group


Seems like a better fit. SE's sales expectations for Tomb Raider were always absurd.
Old 05-02-22, 07:38 AM
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Re: Square Enix sells western studios and IP to Embracer Group

The price blows my mind, given how colossal so many of these acquisitions have been recently.

I’m intrigued by the IPs that Square Enix is keeping, like Just Cause and Life Is Strange. Those seem like the sorts of franchises that Embracer would love to get their hands on.

I’m still hoping for a Guardians of the Galaxy sequel, if that’s in the cards post-acquisition.

Given that SqEx said that at least some of that $300M is going to be reinvested into NFTs and blockchain…ugh, these studios are better off.
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Old 05-02-22, 09:12 AM
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Re: Square Enix sells western studios and IP to Embracer Group

Yeah, the NFTs and blockchain stuff bothers me a lot more than it probably should.
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Old 05-02-22, 09:13 AM
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Re: Square Enix sells western studios and IP to Embracer Group

I have a friend who is a VP with Square Enix. I hope his job is safe.
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Old 05-02-22, 09:23 AM
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Re: Square Enix sells western studios and IP to Embracer Group

I forgot they did GotG. Great game that absolutely deserves a sequel. SE also shit all over that game's sales as well iirc.
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Old 05-02-22, 09:46 AM
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Re: Square Enix sells western studios and IP to Embracer Group

Hmm... could this be in preparation for selling the rest of the company to one of the big platforms (realistically... Sony?)

Originally Posted by fujishig View Post
Yeah, the NFTs and blockchain stuff bothers me a lot more than it probably should.
Nah, if it bothers you a lot, then that is the right amount. blockchain/NFT stuff can fuck right off.
Old 05-02-22, 10:37 AM
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Re: Square Enix sells western studios and IP to Embracer Group

I have nothing against blockchain, but NFTs are fucking dumb.

Square Enix will go the way of Blizzard and focus on one or two titles lasting a decade like they're doing with FF Online. But it's okay! You'll potentially win NFT lootboxes!

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Old 05-02-22, 11:48 AM
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Re: Square Enix sells western studios and IP to Embracer Group

I don't know anything about the company buying the properties, but if it gets more Deus Ex, I'm cool. I've enjoyed a lot of Squeenix's output over the years. It'll be weird not seeing their name on the games I play any more.
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Old 05-02-22, 12:10 PM
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Re: Square Enix sells western studios and IP to Embracer Group

I was hoping for one more Just Cause game but it seems like I'm one of the few people that enjoy it. I wonder what the status of that IP is since it wasn't part of the sale.
Old 05-02-22, 01:30 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Maybe they'll go after them later. Embracer (Let's face it, it's THQ 2.0) has been treating game companies like Pokemon these last couple years.

Now would be a fantastic time to reboot Legacy of Kain.

Last edited by RichC2; 05-02-22 at 01:35 PM.
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Old 05-02-22, 02:16 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Originally Posted by LorenzoL View Post
I wonder what the status of that IP is since it wasn't part of the sale.
They didn't sell any IPs associated with external studios, or something like that: Just Cause is developed by Avalanche Studios (which is owned by Nordisk Film), Outriders is developed by People Can Fly (owned by Epic), and Life Is Strange is developed by Deck Nine (indie) and Dontnod (Tencent, among others).

I would totally buy Just Cause 5 (or a JC2 or 3 remaster), despite being pretty disappointed with 4.
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Old 05-02-22, 03:48 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Kinda fitting since Embracer recently bought Dark Horse, and Dark Horse recently was (is?) publishing Tomb Raider comics.
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Old 05-02-22, 05:14 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Seems a lot of the decision on selling off their entire Western division was based on the two Marvel games (Avengers & Guardians) that bombed terribly and cost them like 60 million dollars in losses... and because even when those studios were doing their all time best in sales... they only ever reportedly broke slightly above even.
Old 05-03-22, 08:27 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Never heard of Embracer until today. Hopefully they're a better fit for Tomb Raider.

Originally Posted by Adam Tyner View Post
I’m intrigued by the IPs that Square Enix is keeping, like Just Cause and Life Is Strange. Those seem like the sorts of franchises that Embracer would love to get their hands on.
.
Cheap to produce and turns a profit. Low risk involved there.
Old 05-03-22, 09:40 PM
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Re: Square Enix sells western studios and IP to Embracer Group

Originally Posted by Michael Corvin View Post
Cheap to produce and turns a profit. Low risk involved there.
Which would’ve fit well with Embracer, who tends to favor AA developers, although they’ve had some massive acquisitions lately like Gearbox (not to mention the multibillion dollar acquisition of Asmodee, even if that’s a different type of gaming).
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