Recently, South Korean publisher Krafton made headlines by acquiring Tango Gameworks and the Hi-Fi Rush IP from Microsoft. This move comes two months after Microsoft made the decision to close down Tango Gameworks along with three other major Bethesda studios. The closure was part of Microsoft’s strategy to focus on priority games and increase investment in other areas of its portfolio.
The acquisition of Tango Gameworks and the Hi-Fi Rush IP by Krafton has taken many in the gaming industry by surprise. Initially, it seemed like Microsoft had no plans to sell the studios or their popular IP. However, Krafton’s decision to step in and resurrect Tango Gameworks shows a commitment to revitalizing the abandoned studio and allowing it to continue creating new works.
Krafton has stated that this acquisition is part of its mission to expand its global footprint and enhance its portfolio with innovative and high-quality content. By adding Tango Gameworks to its roster, Krafton aims to push the boundaries of interactive entertainment. The integration of Tango Gameworks into Krafton’s organization signifies a strategic alignment that could lead to exciting new projects in the future.
Despite the positive implications of this acquisition, there are still unknowns about how the revival of Tango Gameworks will play out. The two-month gap between the studio’s closure and Krafton’s acquisition means that many of the original staff may have moved on to other opportunities. For Tango Gameworks to retain its original spirit and creative direction, it will be crucial to reconstitute a significant portion of its original development team.
In the coming weeks, we can expect to hear more details about Krafton’s plans for Tango Gameworks and how they intend to salvage the studio. The success of this revival will depend on how effectively Krafton can reassemble the team and provide the resources needed to support the studio’s creative endeavors. As fans eagerly anticipate the next chapter for Tango Gameworks, the industry will be watching closely to see how this acquisition unfolds.
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