'We know we need to be exploiting Lord of the Rings,' embattled Embracer says, 'in a very significant fashion.'
"I have a high degree of confidence that this entire process is going to easily translate into better product selection that's more profitable and that gives us a greater opportunity for growth in the future, and that helps to leverage the IP we own within our organisation," Karch said.
"We're going to terminate projects that have - for the most part - not been announced, that will have a material impact on our profitability because they have projected lower-than-expected returns," he said. This morning, Tomb Raider developer Crystal Dynamics marked itself as safe from any impact on its game development.
As for job losses, Embracer will look to make cost savings across its dozens of companies by"identifying redundancies amongst the group". "We're such a large group of companies it's obvious there are going to be positions which are redundant," Karch said,"functions that are redundant. By combining those functions in a meaningful fashion we'll be able to get a lot more out of our resources and spend less doing so.".
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