Earlier this month, Square Enix sold off Crystal Dynamics, Eidos Montreal, and Square Enix Montreal to Embracer Group for $300 million. This effectively means that Embracer Group will soon own Tomb Raider, Deus Ex, and Legacy of Kain, among other IPs, and it plans to bolster those games with new sequels, remakes, and other projects. One would think that Square Enix would hold on to those juggernaut IPs for dear life, but as it turns out, the company made this decision because many of these IPs did not perform as well as it had hoped.
Apparently, Square Enix will take advantage of this development to invest more in blockchain games and the cloud, because the company clearly has its priorities straight. But while Square Enix continues its race to the bottom, Embracer Group already big plans for its new IPs.
A golden opportunity
Embracer Group brought up the possibility of these new projects in its Q4 financial report. According to the company, it “see[s] a great potential, …
