New World Interactive, makers of Insurgency: Sandstorm, is the latest studio affected by parent company Embracer Group’s restructuring program that has resulted in widespread studio closures and project cancellations.
New World Interactive, developer of Day of Infamy and the Insurgency series, is the next studio affected by Embracer Group layoffs. Earlier today, there were unconfirmed rumors that Embracer Group had completely shuttered the studio, but in an email to The Verge, New World’s parent company, Saber Interactive, clarified the studio would remain active.
Studios under the Embracer umbrella have been devastated by layoffs and project cancellations. Earlier this year, the Swedish holding group failed to secure a $2 billion investment, reportedly from the Saudi-owned Savvy Games Group, after Embracer had gone on a buying spree, gobbling up game studios, popular game franchises, Dark Horse Media, and the IP rights to The Hobbit and Lord of the Rings.
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