this post was submitted on 02 Sep 2023
99 points (93.8% liked)
Gaming
19998 readers
143 users here now
Sub for any gaming related content!
Rules:
- 1: No spam or advertising. This basically means no linking to your own content on blogs, YouTube, Twitch, etc.
- 2: No bigotry or gatekeeping. This should be obvious, but neither of those things will be tolerated. This goes for linked content too; if the site has some heavy "anti-woke" energy, you probably shouldn't be posting it here.
- 3: No untagged game spoilers. If the game was recently released or not released at all yet, use the Spoiler tag (the little ⚠️ button) in the body text, and avoid typing spoilers in the title. It should also be avoided to openly talk about major story spoilers, even in old games.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Am I correct in my understanding that Volition was doing fine but Embracer group fucked around with their money and now has to sacrifice a company that didn't do anything wrong in order to save themselves?
By "fucked around with their money" is that perhaps a leveraged buyout? That's what killed Toys R Us, and various other major high street brands, and it's also what's been happening to Twitter.
Edit: Apparently not. Embracer acquired Volition in 2013 after THQ went bankrupt and they put it under the Deep Silver subsidiary, then in 2022 Embracer moved moved Volition over to Gearbox, and then recently a multi-billion deal Embracer had lined up fell through so now they're cutting costs and Volition ended up on the block. So maybe not so sinister, this one - the studio has been in decline since Agents of Mayhem in 2017.
I‘m not sure if I‘m missing something, but I‘d be really surprised if Volition was doing fine. Agents of Mayhem didn‘t do well at all and the Saints Row reboot was pretty terrible. Their last somewhat successful launch was probably the Saints Row 4 expansion back in 2015.
It‘s always sad to see a developer shut down, especially one with such history. But I can honestly understand closing a studio which hasn‘t had any great release for over eight years.