[Source- beebom.com]
Krafton’s Acquisition and Strategic Plans
Krafton, the South Korean video game company known for blockbuster hits such as PUBG: Battlegrounds and The Callisto Protocol, has recently acquired Tango Gameworks, the renowned studio behind The Evil Within series and the popular rhythm-action game Hi-Fi Rush. This acquisition comes in the wake of Tango Gameworks’ closure by Microsoft and ZeniMax Media in May. As part of the acquisition, Krafton now holds the rights to Hi-Fi Rush, a significant asset in Tango Gameworks’ portfolio. Krafton acquiring Tango Gameworks, marking a major expansion in Krafton’s portfolio and influence in the gaming industry.
The acquisition aims to integrate Tango Gameworks’ talented team into Krafton while maintaining continuity for the Hi-Fi Rush intellectual property. Krafton has pledged to collaborate closely with Xbox and ZeniMax to ensure a seamless transition. The company is committed to supporting Tango Gameworks in continuing its legacy of innovation and delivering exciting new experiences for fans. This move also reflects Krafton’s broader strategy of expanding its gaming portfolio by incorporating successful studios with a strong track record.
Preservation of Existing Titles
Krafton has assured fans that the acquisition will not impact Tango Gameworks’ existing game catalog. This includes well-received titles such as The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi Rush. The news of Krafton acquiring Tango Gameworks has been met with cautious optimism as these games will remain accessible on various platforms, including PlayStation 5, Windows PC, and Xbox Series X.By preserving these titles, Krafton ensures that players continue to enjoy Tango Gameworks’ previous work without any disruption.
Hi-Fi Rush, released in early 2023, received critical acclaim for its unique blend of rhythm-based action and engaging gameplay. Its surprise release through Microsoft’s Game Pass subscription service marked a departure from the studio’s previous focus on darker, horror-themed games. The acquisition by Krafton will allow Tango Gameworks to build on the success of Hi-Fi Rush and explore new creative directions.
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Krafton Acquiring Tango Gameworks, Hi Fi Rush Studio Saved By PUBG Publisher
Industry Impact and Future Outlook
Krafton acquiring Tango Gameworks comes shortly after significant industry news, including the launch of a new first-person action RPG by former Arkane Austin developers at their newly established Wolfeye Studio. This reflects a period of transition and adaptation within the gaming industry, with studios reassessing their strategies and creative directions.
Microsoft’s decision to close Tango Gameworks, along with other studios such as Arkane Austin and Alpha Dog Studios, was part of a broader restructuring effort within the Bethesda Softworks division. This reorganization, which also saw the reassignment of Roundhouse Games’ staff, signaled a shift in Microsoft’s approach to game development and studio management.
Krafton acquiring Tango Gameworks represents a strategic move to enhance its gaming portfolio and harness the studio’s creative potential. By integrating Tango Gameworks into its operations, Krafton aims to continue delivering high-quality gaming experiences while exploring new projects. This acquisition not only preserves the legacy of Tango Gameworks’ previous titles but also opens up opportunities for future innovation.
In conclusion, Krafton’s acquisition of Tango Gameworks is a pivotal development in the gaming industry, promising to sustain and expand the studio’s creative output. With a commitment to maintaining the Hi-Fi Rush IP and supporting the studio’s ongoing projects, Krafton is positioning itself as a key player in the evolution of video game development and innovation.
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