Embracer Shuts Down Onoma After Rebranding Weeks In the past

The online game writer Embracer Group AB has shut down Onoma, a gaming studio previously often known as Sq. Enix Montreal. Sq. Enix Montreal had beforehand labored on titled like Tomb Raider Reloaded and the Go line of cellular video games together with Lara Croft Go and Deus Ex Go. After buying the studio a couple of months in the past and rebranding it fully, they’ve shut it down with out very a lot info as to why.

First revealed by Bloomberg, it’s stated that the corporate knowledgeable a few of the Montreal workers that they might be transferring to Eidos Montreal, the sister firm of the gaming studio. Embracer was requested about this occurring, and in accordance with Bloomberg, the writer didn’t have a solution presently. What makes this fascinating is the timing. The writer not solely simply acquired the Montreal studio a couple of months in the past, however introduced the rebranding of the corporate on October 10, 2022. Why would the corporate undergo such a drastic change and spend assets on rebranding an organization they supposed to provide the chop to?

Some speculate the apparent; spending cuts. All through the previous 12 months, Sweden-based Embracer has been buying each large-scale and small-scale corporations left and proper, and it’s believed that this sudden change of plans for the Onoma studio was a casualty within the chopping of prices and protecting their over-spending at bay. This isn’t the one value being reduce, as in accordance with the report by Bloomberg, individuals have additionally said that Eidos Montreal has reduce on the workload for considered one of their unannounced tasks. Extra so, the sister firm has allegedly said they will even be fully canceling one other unannounced mission.

There’s a silver lining on the finish of this street, although, because it was additionally revealed that Eidos does have plans to work with Microsoft, together with one sport within the Fable franchise. Although there has not been any type of a remark made on this very swift resolution by Embracer, one would assume they’ll make a press release as to why this occurred, and probably their plan for the long run.