Embracer Group Closes Alone In The Dark Developer, Pieces Interactive
Portfolio Pulse from Franca Quarneti
Embracer Group AB (OTC:THQQF) has shut down Pieces Interactive, the developer behind Alone in the Dark, due to the game's poor performance. This closure is part of Embracer's broader restructuring efforts, which have also seen the shutdown of other studios and the sale of assets like Gearbox Software.
June 17, 2024 | 7:17 pm
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Embracer Group AB has shut down Pieces Interactive due to the underperformance of Alone in the Dark. This is part of a larger restructuring effort that includes the sale of assets and the closure of other studios.
The closure of Pieces Interactive and other studios, along with the sale of assets, indicates significant restructuring within Embracer Group. This could lead to short-term negative sentiment and potential stock price decline.
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