Lmfao how does embracer have any money left? It seems they set every IP they bought on fire
Anyone play the shit SR reboot for long enough to see the embracer logo in the fucking intro for the game?
Report: Embracer cancels Eidos' unannounced Deus Ex project, lays off staff
Submitted 10 months ago by simple@lemm.ee to games@lemmy.world
https://www.gamedeveloper.com/business/embracer-cancels-eidos-unannounced-deus-ex-project
Comments
quams69@lemmy.world 10 months ago
newthrowaway20@lemmy.world 10 months ago
Oh that’s a real shame, the Deus Ex games were a lot of fun.
nodimetotie@lemmy.world 10 months ago
We never asked for this
marlowe221@lemmy.world 10 months ago
I love Deus Ex. This is extremely disappointing news.
garretble@lemmy.world 10 months ago
It seems like the only time you hear about Embracer is when they are cancelling games or closing studios.
What even is their purpose?
edgemaster72@lemmy.world 10 months ago
Step 1. Amalgamate as many smaller studios as possible
Step 2. Probably some BS about tax writeoffs or packaging debt for sale
Step 3. Profit? (but not enough to pay anyone outside the C suite and maybe investors)
dumpsterlid@lemmy.world 10 months ago
There is a precise technical answer to your question a finance person can probably give you but it doesn’t really answer the question no matter how many acronyms they throw at you.
The actual answer is that there is no reason any of this has to be rational. Business people believe so strongly that companies like embracer are valuable and have a function in society that they detect zero cognitive dissonance when said companies don’t actually do anything but buy smaller companies, dissect them and destroy value.
You can’t understand business and finance people like they are scientists, they are closer to priests of a religious sect that believe in things because of their belief system not because of some rational framework that actually supports their ideas.
I think for the rich, it is just good practice to commit economic violence against smaller companies, it is good hygiene for keeping the power in the hands of the rich. This doesn’t fully explain how poorly some of these companies function like embracer however.