![]() Microsoft, Sony acquisitions are just the start of massive video game industry consolidationĮmbracer Group owns the rights to both Tomb Raider and Lord of the Rings it acquired Tomb Raider when it purchased Eidos, Crystal Dynamics, and Square Enix Montreal from Square Enix in 2022. Karch said the studios to be closed are “underperforming,” or not creating games “up to our standard.” Embracer Group said that the impacted projects have “not yet been announced” and have “low projected returns” on investment. “Embracer currently engages close to 17,000 people and while that number will be lower by the end of the year, it is too early to give an exact forecast on this,” Wingefors said in the letter. Polygon has reached out to the publisher for more information. Neither Wingefors nor Embracer Group have detailed when specific closures or layoffs will happen. Matthew Karch, the now former Saber Interactive CEO and current interim chief operating officer, said, however, that the first phase of cost-saving will be “immediate and noticeable.” This means that an unknown number of Embracer Group’s 17,000 staff will be laid off as part of the process. ![]() The nature of these phases is unclear, and under the general guise of cost savings and consolidation to reduce debt below 10 billion Swedish Krona, which equals roughly $930 million. He said the restructure is split into three phases and is expected to continue until March 2024. The news comes weeks after it reported that a deal worth $2 billion in income to the company had unexpectedly fallen through.ĬEO Lars Wingefors announced the restructure in an open letter alongside an investor webcast and a news release on Tuesday morning. Having the Tomb Raider games ranked will allow newcomers to the franchise to understand which installments need to be played and which ones can actually be skipped.Swedish gaming conglomerate Embracer Group, which has been rapidly gobbling up game studios and popular IP over the past few years, will undergo a major restructuring that will require the publisher to close multiple studios and cancel several games. These games span various platforms, from technological marvels to handheld devices, but all keep the spirit of what makes Tomb Raider so special as a franchise and what makes Lara Croft such an iconic character. That means scouring more than just ten entries to find the best Tomb Raider game. Updated on September 15th, 2021 by Kevin Pantoja: With a gaming franchise as popular and extensive as this one, it's good to dive as deep as possible. As technology has advanced greatly over the past quarter-century, so too has the various iterations of the games, as well as the evolution of the Lara Croft character itself. Of course, the Tomb Raider gaming franchise has undergone a marked evolution since debuting in 1996. RELATED: Tomb Raider & 9 Other Movies Turning 20 In 2021 First introduced in 1996 by Core Design and Eidos Interactive, the character has appeared in 17 main Tomb Raider games, several spinoff games, and three feature films to date. ![]() Over the past 25 years, Lara Croft has become one of the most popular fictional characters in video games and cinematic lore.
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