Volition Video games has introduced that its guardian firm, Embracer Group, is shutting the studio down. The studio was the developer behind the most recent Saints Row reboot.
In an replace on LinkedIn, Volition mentioned, “This previous June, Embracer Group introduced a restructuring program to strengthen Embracer and preserve its place as a frontrunner within the online game trade. As a part of that program, they evaluated strategic and operational targets and made the troublesome resolution 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 prospects and followers around the globe for all of the love and assist through the years. You’ll all the time be in our hearts.”
Volition Video games is closing, efficient instantly https://t.co/Dob9NBW7He pic.twitter.com/5dr7zbHcgA
— Wario64 (@Wario64) August 31, 2023
Whereas it is principally recognized for Saints Row as of late, Volition is a historic studio relationship again to the mid-90s, with classics together with Descent, Freespace, and Pink Faction. It was in a position to 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.
Earlier this 12 months, Embracer Group introduced that it could begin to shut studios and cancel video games as a $2 billion deal fell by way of on the final second. Whereas Embracer didn’t disclose who the companion was, it was reportedly Savvy Video 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 helpful online game properties resembling Tomb Raider, Deus Ex, and Borderlands.
Volition isn’t the one studio that introduced it could be closing. Earlier this week, Mimimi Video games revealed that it could 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 is been writing concerning the trade since 2019 and has labored with different publications resembling Insider, Kotaku, NPR, and Selection.
When not writing about video video games, George is taking part in video video games. What a shock! You may comply with him on Twitter @Yinyangfooey