Former Xbox studio Tango Gameworks and 'Hi-Fi Rush' have been acquired by PUBG's Krafton Inc, saving it from closure
Former Xbox studio Tango Gameworks and 'Hi-Fi Rush' have been acquired by PUBG's Krafton Inc, saving it from closure
Former Xbox studio Tango Gameworks and 'Hi-Fi Rush' have been acquired by PUBG's Krafton Inc, saving it from closure
Funny how a trillion dollar monopoly can't keep a studio that makes very highly rated games alive.
Because at that level it has nothing to do with the actual studio or people. It's just numbers on a spreadsheet to a team of accountants moving columns around so the final spreadsheet every 3 months looks as good as possible.
Normally without a sale like this, they would maintain IP rights to sell or use later by whatever studio they wanted to use. The studios are a tool to make the product, nothing more.
Normally a company struggling with console sales would lean into an IP that could sway consumers, even if the game itself didn't make a ton of money.
Sony pumps money into big IPs to do the same, at the expense of game profits.