In early May it was announced that Square Enix and Embracer Group they had reached an agreement to sell Crystal Dynamics, Eidos Montreal and some of their licenses for $300 million. In its latest financial report, Embracer Group says it sees potential in Remakes, Remasters and spin-offs of its new licenses.
In addition to having acquired a couple of extremely talented studios, Embracer Group is going to acquire the licenses for Tomb Raider, Deus Ex, Thief, Legacy of Kain and a few more, so we could see remasters, remakes and spin-offs of these series. on modern consoles. You can see his financial report at this link.
Ad [del acuerdo con Square Enix] had an overwhelmingly positive response. We see great potential, not only in sequels, but also in remasters, remakes, spin-offs as well as transmedia projects around the group.”
Related: Square Enix seeks to establish new studios and reiterates commitment to blockchain.
Embracer Group says that it not only sees the potential in new video games of the licenses that they are going to acquire, but also in taking these licenses to other media such as film and television. The agreement between Embracer Group and Square Enix is expected to end in the July-September period.
In its presentation, Embracer Group says that they do not really need to acquire other companies to continue growing, but that they will still continue to look for other acquisition opportunities to help with their long-term ambitions.
Read more: Reggie Fils-Aimé believes that Square Enix should not have sold their studios.
While Embracer Group says it is interested in the potential of the franchises it is about to acquire, Square Enix says it has an interest in blockchain, Artificial Intelligence and the cloud, although they will not allocate the $300 million obtained in the agreement to invest in these technologies.