Gamasutra: "As part of an earnings report today, Atari announced it has divested its interest in Champions Online developer Cryptic Studios, calling the development house a "discontinued operation" as of March 31.
Atari will continue to support all current Cryptic products while the publisher looks to sell the studio, Gamasutra understands. Development on the Bay Area studio's Neverwinter project will continue as normal for the time being."
Cryptic Studios announced with a press release that more of its veteran developers have returned to the studio following tenures elsewhere.
Cryptic Studios appears to be the latest Embracer-owned company to be impacted by layoffs.
Embracer Group AB (“Embracer”) has entered into an agreement to acquire 100 percent of the shares in Perfect World North America Corporation and Perfect World Publishing B.V. (collectively “Perfect World Entertainment” or “PWE”)[1], from Perfect World Europe B.V. (“Perfect World”). PWE is a video game developer and publisher for PC and consoles, including PWE Publishing and Cryptic Studios.
These guys are on an embracing spree.
Dark Horse
DIGIC
Perfect World Entertainment
Shiver Entertainment
Spotfilm Networx
Not just focused on gaming either.
At what point is someone gonna stop these groups that are buying up studios, catalogs etc in mass quantities
