Lastly some excellent news! Krafton Inc, the South Korean video games firm finest identified for its work on PUBG and The Callisto Protocol – has acquired Tango Gameworks and the award profitable Hello-Fi Rush IP from Microsoft forward of the studio’s closure.
Tango Gameworks, which created the wonderful Hello-Fi Rush in January 2023, shall be leaping from one firm to the opposite, taking all of the workers who would in any other case have been laid off with it. In a PR assertion, Krafton describes this as its “first important funding within the Japanese online game market”, although different online game IP from Tango together with Ghostwire Tokyo and The Evil Inside stay in Microsoft’s arms.
That is fairly a sudden and thrilling bit of stories in what has in any other case been a miserable spree of online game layoffs and studio closure tales. The announcement that Microsoft was closing Tango Gameworks, alongside Arkane Austin and Alpha Canine Video games, hit the business like a frieght prepare. Whereas all three studios had apparent advantage Tango had solely just lately gained awards for Hello-Fi Rush – a comparatively low-cost recreation with a brand-new IP, one thing Microsoft seemingly would need on this present local weather.
Nonetheless, its closure was introduced within the wake of the Activision Blizzard aquisition in cost-cutting restructuring measures, leaving many (together with us) fairly mentioned. However right here comes Krafton! Not solely is it netting itself a pleasant studios with some nice video games its belt, it additionally will certainly get a tasty PR increase from this. It appears a minimum of for this, Microsoft’s loss is Krafton’s acquire.
It is unhappy that Ghostwire and The Evil Inside IP have been left behind, and the non-public opinion of this author that these sequence are deader than doornails. However, you possibly can’t have all of it. Congrats to the Tango workforce for touchdown on their characteristic, better of luck to them on their future endeavors, and kudos to Krafton for swooping in on the final minute and saving a workforce that had no enterprise being laid off within the first place.
