Crystal Dynamics: Celebs Rumors

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Embracer Group to Undergo Layoffs and Game Cancellations in Corporate Restructuring

An undisclosed number of the company’s 17,000 employees will be let go and certain game projects will be paused or outright terminated, along with other efficiency and overhead-reduction efforts that will take place in phases between now and March 2024, Wingefors said Tuesday.Embracer published an open letter explaining the news alongside a standard press release.“I am asking all our managers to lead and act with compassion, respect, and integrity,” Wingefors wrote in the open letter, following the layoff announcement. “Throughout each phase and wherever possible, we will work to ensure that affected team members receive information first.
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nme.com
Square Enix appears to be opening a new Western studio
Square Enix could be opening a new studio in the West.The application appeared on the database last week on August 17 where it was filed, created and formalised, and it currently appears to be pending  (via VGC).It looks like the new Western studio will be called Studio Onoma and will focus on developing and “publishing of computer game software and video game software.”The application also includes additional details for the services and goods the studio will provide, such as strategy guides, posters, casual clothing, toys, games, and playthings, “namely action figures, [and] handheld battery-operated games”. Square Enix Newco Limited is listed as the trademark applicant, which is a recently established company in London, England.Earlier this month, it was reported that Square Enix is looking to sell off stakes in Western studios in a bid to “improve capital efficiency.” This follows the sale of Crystal Dynamics and Eidos to Embracer Group back in early May. The deal was worth around £240million ($300million) and included Square Enix studios Crystal Dynamics, Square Enix Montréal, and Eidos.In July, the founder of Eidos, Stephane D’Astous, stated that the Final Fantasy publisher may have sold its Western developers to gear up for a Sony acquisition.At the time, he said: “If I read between the lines, Square Enix Japan was not as committed as we hoped initially.
nme.com
‘Perfect Dark’ studio says Crystal Dynamics is still co-developer following Embracer acquisition
Crystal Dynamics will still work on the Perfect Dark reboot with The Initiative following news that the former studio will be acquired by Embracer Group.Earlier today (May 2) it was announced that Square Enix has decided to sell much of its western development arm for around £240million ($300million USD), with that including Tomb Raider and Marvel’s Avengers developer Crystal Dynamics.Since then, Xbox-owned studio The Initiative has quote tweeted Crystal Dynamics statement concerning the acquisition, confirming that the studio is still working on the upcoming Perfect Dark game.“We’re excited to see Crystal Dynamics take these next steps with their studio. Our teams have made great progress in building Perfect Dark together as co-development partners, and we will be continuing this work with them in their next chapter.”The deal is also set to include Square Enix Montréal, Eidos-Montréal and the Thief and Legacy Of Kain franchises.The upcoming Perfect Dark game appears to be undergoing development troubles, as director Dan Neuburger left the studio in February and “fast and furious” losses were reported to be taking place there as well.This news means that at present, Crystal Dynamics is supporting Marvel’s Avengers, co-developing Perfect Dark and in the early stages of a new Tomb Raider title.As confirmed in April, the next Tomb Raider game will run on Unreal Engine 5 as Crystal Dynamics wants to “push the envelope of fidelity”.“This new engine translates into next-level storytelling and gameplay experiences,” said franchise general manager Dallas Dickinson.
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