Volition Games has introduced that its father or mother firm, Embracer Group, is shutting the studio down. The studio was the developer behind the newest Saints Row reboot.
In an replace on LinkedIn, Volition stated, “This previous June, Embracer Group introduced a restructuring program to strengthen Embracer and preserve its place as a pacesetter within the online game trade. As a part of that program, they evaluated strategic and operational targets and made the troublesome choice to shut Volition efficient instantly.”
The assertion continued, “To assist our staff, we’re working to offer job help and assist easy the transition for our Volition relations. We Thank our clients and followers world wide for all of the love and assist over time. You will all the time be in our hearts.”
Volition Games is closing, efficient instantly https://t.co/Dob9NBW7He pic.twitter.com/5dr7zbHcgA
— Wario64 (@Wario64) August 31, 2023
While it is largely identified for Saints Row as of late, Volition is a historic studio relationship again to the mid-90s, with classics together with Descent, Freespace, and Red Faction. It was capable of survive THQ’s chapter in 2012 earlier than being acquired by Koch Media. Its most up-to-date launch was the reboot of Saints Row, which drew blended critiques. Embrace has confirmed that it nonetheless owns the Saints Row and Red Faction franchises.
Earlier this yr, Embracer Group introduced that it will begin to shut studios and cancel video games as a $2 billion deal fell by way of on the final second. While Embracer didn’t disclose who the associate was, it was reportedly Savvy Games Group, a Saudi authorities funded firm.
Embracer Group has been on an acquisition spree over the previous few years, together with being the homeowners of Crystal Dynamics and Gearbox, offering priceless online game properties comparable to Tomb Raider, Deus Ex, and Borderlands.
Volition isn’t the one studio that introduced it will be closing. Earlier this week, Mimimi Games revealed that it will slowly shut down over the subsequent few months as Shadow Gambit: The Cursed Crew could be its closing sport.
George Yang is a contract author for IGN. He’s been writing in regards to the trade since 2019 and has labored with different publications comparable to Insider, Kotaku, NPR, and Variety.
When not writing about video video games, George is taking part in video video games. What a shock! You can comply with him on Twitter @Yinyangfooey
