Krafton Acquires Tango Gameworks and Hi-Fi Rush IP, Studio’s Future Secured

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Krafton Acquires Tango Gameworks and Hi-Fi Rush IP | Insider Market Research

[Source-beebom.com]

Krafton Acquires Tango Gameworks, Expanding Its Portfolio

Krafton Acquires Tango Gameworks and the Hi-Fi Rush IP from Xbox, expanding its gaming portfolio. This strategic move ensures that Tango Gameworks will continue its operations and avoid the previously announced shutdown. Krafton’s press release highlights the company’s commitment to maintaining continuity at the studio and supporting the development of Hi-Fi Rush, as well as exploring new projects in collaboration with Xbox and ZeniMax.

Commitment to Innovation and Continuity

In the press release, Krafton emphasized its intention to bolster Tango Gameworks’ efforts in delivering innovative and engaging experiences for fans. The acquisition is set to have no effect on the studio’s existing game catalog, which includes titles such as The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi Rush game. The company reassured fans and developers that the transition would be smooth, preserving the studio’s creative vision and ongoing projects.

Mixed Reactions to Studio Closures

The news of Tango Gameworks’ survival comes after Microsoft’s May 2024 announcement of closing several Bethesda studios, including Tango Gameworks and Arkane Austin. This decision was met with widespread dismay from both developers and fans. Microsoft executive Aaron Greenberg had previously praised Hi-Fi Rush as a significant success for Xbox, noting its breakout performance and positive reception. Despite Hi-Fi Rush’s impressive achievement of two million players within a month of release and its strong critical reviews, the fate of other studios remains uncertain. For further insight into the impact of such closures and the future of Game Pass, readers are encouraged to explore additional features on the topic.

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