Volition studio to close amid Embracer Group restructuring
Following underperformance of the recent Saints Row and Embracer's restructuring, Volition was announced to be closing down effective immediately.
Hard times have hit the long-running Volition studio today with the studio shutting down immediately after 30 years of activity. The developers behind the Saints Row and Red Faction series ended up on the chopping block under embracer amid the parent company’s announcement earlier this year to restructure its entire organization under its own hard times. This unfortunately ended with Volition being shut down following evaluation.
Volition announced its shutdown via an update post on the company’s LinkedIn page on August 31, 2023. There, the team explained that the decision to shutdown was part of Embracer Group’s recent troubles:
Source: Volition
Volition refers to a decision Embracer Group made back in June to restructure its entire business and acquisitions, of which Volition was a part. The company’s sudden rough stretch came after it was revealed that a $2 billion USD deal fell through, allegedly with the Saudi Arabia PIF-backed Savvy Gaming. While Embracer was previously on an acquisition spree that saw it get quite a few studios and even the rights to Lord of the Rings entertainment and games, the failed $2 billion deal shook the company heavily and left it in a tumultuous state this year.
With Volition closing, it looks like the end of the road for franchises like Saints Row and Red Faction for now. Shacknews sends its condolences to those affected and wishes them well as the studio shuts down.
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Shacknews
replyTJ Denzer posted a new article, Volition studio to close amid Embracer Group restructuring
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This past June, Embracer Group announced a restructuring program to strengthen Embracer and maintain its position as a leader in the video game industry. As part of that program, they evaluated strategic and operational goals and made the difficult decision to close Volition effective immediately.
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Ugh, I hate to say it but this whole Embracer deal with the Saudis was such a goat fuck. I feel like it’s one of those typical situations where an entity gets charmed by the huge money people they are being bedazzled by, but the actual financial and legal underpinnings are as unstable as jello.
We don’t even know yet how much this shit deal falling through will damage the game industry as a whole. Embracer probably would’ve done better cutting the deal with Elon Musk. 😵💫-
We didn't know how good we had it in the late 2000s/2010s
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Homeworld 3 looks hot as hell and will be a hit or I’ll eat my shoe. Combine that with Starfield plus Armored Core 6 doing so much better than expected and I wouldn’t rule out at least a spiritual successor coming through, as part of this hard sci-fi trend.
Turn that frown upside down!
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Even the Saint's Row games had their place in game history.
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Saints Row was the GTA San Andreas on the Xbox 360 we never got.
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It teraflopped.
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Just about everyone who was going to buy it bought it on Epic already Which wasn't enough.
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I mean, I rebought it on steam but I'm an idiot who has almost 600 hours on Saints Row The Third.
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I picked it up on sale. Think I got about 6-8 hours in before I uninstalled it. Was just not fun to play.
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At least they were able to get the DLC out the door. Hope it doesn't need to be patched.
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The day before their last game, Santa Row is free on PSN, too.
Haven’t played that yet, but it looked like a disappointment. Their red faction remaster wasn’t great either. I don’t think it was the same studio or was back then.
Still sad. I really liked their old games -
Noooooo, one of my favorites studios!
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RIP Saints Row
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My favorite saints row 3 moment in coop was when one of my best friends and I both ran off in different directions to find something to mess with each other, and when we picked an intersection to meet we learned that each of us had had the same thought:
Find and steal a Mac truck and drive full speed to the intersection as a smash cut to fun
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