Krafton Saves Tango Gameworks and IPs After Microsoft Shutdown
In a dramatic corporate rescue, Krafton Inc. swooped in to acquire the troubled game studio Tango Gameworks after a tumultuous fallout with its previous owner, Microsoft. Founded in 2010, Tango Gameworks had carved out a niche in the gaming industry with hits like The Evil Within series and Hi-Fi Rush. However, the studio faced an uncertain future when Microsoft decided to shut it down, a move that sparked widespread outrage within the gaming community.
Microsoft’s decision to downsize was met with heavy criticism, especially after the tech giant had previously promised to support smaller studios following its acquisition of ZeniMax in early 2021. The closure of Tango Gameworks, despite the success of Hi-Fi Rush, left many questioning Microsoft’s commitment to fostering creativity within its acquired studios.
Krafton Steps In: A New Era for Tango Gameworks
Amid the controversy, Krafton Inc. announced its unexpected acquisition of Tango Gameworks, including all of the studio’s intellectual properties. The news was revealed during Krafton’s Q2 Earnings report, where the company assured that it would ensure a smooth transition of ownership, working closely with Microsoft to maintain continuity at Tango.
With Krafton now at the helm, the focus is on preserving the creative spirit of Tango Gameworks. The plan is to collaborate strategically with Xbox and ZeniMax, allowing the talented team at Tango to continue developing the Hi-Fi Rush IP and explore future projects. Krafton is committed to providing robust support to the studio, ensuring that Tango’s innovative streak remains strong.
A Bright Future Under Krafton’s Leadership
Fans of Tango Gameworks can rest easy knowing that the studio’s existing game catalog, including The Evil Within and Ghostwire: Tokyo, will remain intact under Krafton’s ownership. This acquisition not only strengthens Krafton’s global presence but also enriches its diverse portfolio of innovative content.
As the dust settles from this rollercoaster of corporate buyouts and layoffs, the hope is that Tango Gameworks will thrive under Krafton’s guidance. With a renewed focus on creativity and innovation, the studio is poised to continue delivering fresh, immersive experiences to gamers worldwide.
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