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Embracer Group shuts down former Square Enix Montreal studio right after rebrand

Prolific mobile game developer Onoma, formerly known as Square Enix Montreal, has been shut down.

As reported by Bloomberg, parent company Embracer Group informed Onoma employees of the closure during a November 1st meeting. Around 200 employees are affected.

It’s a surprise move considering Onoma only just joined the Embracer fold in August following the sale of several Square Enix studios to the Swedish media giant. Earlier this month, the Canadian developer rebranded as Onoma — Greek for “name” — to reflect its new identity post-acquisition.

Founded in 2011, Onoma was best known for its work in the mobile game space, creating acclaimed titles like Lara Croft Go and Hitman Go. The studio’s most recent game, Hitman Sniper: The Shadows, launched in March.

According to Bloomberg, some Onoma employees will be relocated to sister studio Eidos Montreal, although it appears that the majority of the team has been laid off. In the same report, Bloomberg notes that Eidos Montreal is working on three projects: a new IP that’s been recently “rescoped,” a new Deus Ex (said to be in early development) and co-development partnerships with Xbox on multiple titles, including the next Fable. 

Eidos Montreal shipped the critically-acclaimed Marvel’s Guardians of the Galaxy over a year ago, but this is the first we’ve heard about the team’s next titles. Unfortunately, then, that word had to come as part of the news of another studio’s closure.

Image credit: Onoma

Source: Bloomberg

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Video game giant Embracer to acquire IP rights to The Lord of the Rings, Hobbit

Karlstad, Sweden-based Embracer Group is set to acquire Middle-earth Industries, the company that owns the IP rights to J.R.R. Tolkien’s beloved The Lord of the Rings and The Hobbit series.

As part of the deal, the video game giant will be granted the rights to movies, video games, merchandising, theme parks, stage productions and more. Embracer is purchasing the IPs from the California-based Saul Zaentz Company for an undisclosed sum.

Already, though, Embracer is talking about potential avenues for the properties, including “additional movies based on iconic characters such as Gandalf, Aragorn, Gollum, Galadriel, Eowyn and other characters from the literary works of J.R.R. Tolkien.” For now, though, the next big The Lord of the Rings release will be The Rings of Power, a big-budget live-action series premiering on Amazon Prime Video on September 1st.

In any case, Middle-earth Industries is the latest in an ever-growing lineup of acquisitions from Embracer Group. Over the years, the company’s portfolio has grown to include the likes of Deep Silver (Saints Row), Gearbox (Borderlands), Saber Interactive (Halo: Combat Evolved Anniversary) and Dark Horse Comics (Hellboy). Most recently, the company announced a deal with Square Enix to acquire several of the Japanese gaming giant’s properties (including Tomb Raider and Deus Ex) and studios (like Eidos Montreal and Square Enix Montreal).

Image credit: Warner Bros.

Source: Embracer Group