A Tencent Games showcase will be held by the Chinese video game publisher at GDC 2023. Here are all of the company's planned sessions.
"The Game Development World Championship (GDWC) celebrated the 2023 Summer Season with an Awards Stream on Thursday, September 21st. At the event, GDWC announced winners in 11 categories for the Summer Season." - GDWC.
"On the divestment side there is a strong vibrant market with many, many active players."
Sounds like you purchased them more like they were limited edition coins or stamps to profit from with a sale than really doing anything with the acquisitions.
Now, it's looking for buyers and shoving the rest out into the unemployment line.
Genuinely don't think there's been a bigger fuck up of a company I can think of in gaming. Buy all these IP and studios and then close them all down, wtf.
Embracer really did not know how to manage these companies. This is what happens with too fast expansion in business.
The laws are simple, make profit margin of 10-15% from the get go from each of your companies/studios, or you have to fire people and projects will be delayed or cancelled. Their salary and other operational costs were too high. I can't believe they didn't crunch the numbers well enough. I was always thinking where does the money come from.
Many workers who have families may lose their source of income and it has a real effect on them because some megalomaniac pretend executive didn't do their job. The good news is that most of the talent will likely find a new home very easily. The bad news is that lot of the good work they put in may be lost forever.
On the eve of its 15th anniversary, GOG, the digital distribution platform known for offering DRM-free games, reflects on its journey and the importance of game preservation. During Gamescom Sector had a chance to talk to PR manager Gabriela Siemienkowicz, who told them what surprises they have in store for us and shared her insights into the platform's mission and the unique place it holds in the gaming community.
Yea, Chinese Government going to show off their games. Welcome Comrades!!!