IMAHAPYHIPPO's forum posts

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IMAHAPYHIPPO

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#1 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

People have been giving GameStop a year until it goes out of business for like 15 years now. It's a parasitic business that won't be going away any time soon, unfortunately.

They've been hemorrhaging money and struggling to return to profitability since the PS3/360 days. And yet, they remain.

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IMAHAPYHIPPO

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#2 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

@last_lap said:

@IMAHAPYHIPPO: From what I recall they had a multi-billion dollar deal in the works with the Saudi's who were going to fund the majority of their games, somehow that deal fell through and Embracer are now basically fucked, hence all the lay-offs.

I'm on my phone so finding the story and then linking it to here is too much of a nightmare.

EDIT: here is the link https://www.kotaku.com.au/2023/08/report-embracers-2-billion-deal-that-blew-up-was-with-saudi-arabia/

Indeed. I knew they had a deal that didn't go through, which is undoubtedly a reason why their projected funding for projects is changing.

Not having 2 billion dollars you were planning on having would - by necessity - affect the personal or business decisions of all but a small handful of people or companies in the world.

And even the ones that wouldn't be financially restricted by that would very likely change their strategy and spending behavior because even people or companies with hundreds of billions of dollars understand that 2 billion dollars is a staggering amount of money.

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#3 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

@outworld222 said:

@IMAHAPYHIPPO: but questions remain. Why exactly are they doing that. What would they have to gain, exactly??

I mean, you'd have to ask them. I'm not a part of Embracer. If they're cancelling projects, it's most likely a money-related thing. Best guess is the money they projected to earn from sales of the games did not match the cost of developing them.

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#4 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

@last_lap said:

Staggering that they had more games than MS and Sony in production. 29 games is a LOT.

I would wager that most of them were in development when Embracer acquired the studio and then cancelled after the acquisition.

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#5 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

Sounds like you're describing a 15 year old game series.

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#6  Edited By IMAHAPYHIPPO
Member since 2004 • 4196 Posts

About to begin its fifth year on the market at the end of the year, so entering the back half of this generation's lifecycle is on par with previous generations. That would suggest the PS5's lifespan is going to be 7-8 years.

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#7 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

@lamprey263 said:

While Embracer seems to be getting the blame on this, curious where the decision lies. Their structure seems to be studios like this fall under a publisher, many of which Embracer owns. Eidos Montréal falls under CDE Entertainment, which has only two studio bodies, Crystal Dynamics and Eidos Montréal. Kind of curious if the call came from Embracer or the publisher who has to manage both studios. And curious if this means they're laying off all the staff, or if they'll be consolidating Eidos Montréal to support Crystal Dynamics on their projects.

Embracer bought a bunch of known entities in hopes of bolstering their portfolio enough to appeal to investors, specifically a group based in Saudi Arabia that were discussing a major deal in the billions. When that fell through, they essentially had no real capital of their own to sustain the studios that they purchased. Crystal Dynamics is under contract with Microsoft to work on Perfect Dark, which is a project that's seemingly going nowhere. The Initiative has even taken down their Careers page (in fact, they've stripped their entire website down to the bones).

Once that contract is either fulfilled or is terminated by MS if they cancel the game, I'm pretty sure Embracer's going to gut Crystal Dynamics too.

Personally, I wouldn't get too attached to any upcoming titles under the Embracer umbrella. There are more storms ahead, and their umbrella has many holes.

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#8 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

1. Tears of the Kingdom

2. Alan Wake 2

3. Resident Evil 4 Remake

4. Starfield

5. Pikmin 4

Honorable Mentions:

God of War Roguelite DLC

Ready or Not

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#9 IMAHAPYHIPPO
Member since 2004 • 4196 Posts

The comparison to Starfield seems unnecessary. Bethesda is owned by Microsoft, the company that operates and profits from Game Pass. Larian is not owned by Microsoft and has no obligation to release their game on their subscription platform. Very much not the same thing.

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#10  Edited By IMAHAPYHIPPO
Member since 2004 • 4196 Posts

Giving WatchMojo any amount of time or attention is a mistake.