Pirahna Bytes, the 27-year-old studio behind classic’s like Gothic, Elex and Risen has reportedly been shut down by parent company Embracer Group.
Embracer Group has closed Alone in the Dark developer Pieces Interactive after the survival horror reboot sold below expectations.
Take-Two Interactive now officially owns Gearbox Entertainment, as it closes its acquisition of the studio from Embracer Group.
Dead Island 2 has sold over 3 million copies worldwide, Embracer Group has revealed.
Gearbox Publishing was not included in Gearbox’s sale from Embracer Group to Take-Two, resulting in an unknown number of layoffs.
Embracer Group has indicated that Star Wars: Knights of the Old Republic Remake is still in the pipeline, but not to expect it for at least another 12 months.
Embracer Group subsidiary Black Forest Games is reportedly the latest to be hit with layoffs, about 50% of staff said to be gone.
Free Radical has become the latest casualty of Embracer Group’s restructuring program, with the company having sadly closed and ex-employees taking to social media.
Embracer Group confirms that Dead Island 2 sales have surpassed 2 million.
Marvel’s Guardians Of The Galaxy hit more than 8 million players in just its first year, Eidos Montreal and Embracer Group report.