Tango Gameworks Rebrands

Business

06 January 2025 13:46

In a surprising move, Krafton announced its acquisition of Tango Gameworks in August 2024, just months after Microsoft's shocking decision to shut down the Japanese studio. The closure was particularly unexpected given that, only a year prior, Microsoft Vice President Aaron Greenberg had hailed Hi-Fi Rush as a breakout hit, praising the game for its commercial and critical success. Greenberg had even stated that the company was "couldn't be happier" with the game’s reception, and its success was seen as a major milestone for Tango Gameworks, which had previously developed The Evil Within series and Ghostwire: Tokyo.

However, Microsoft's abrupt pivot, closing the studio just a year after Hi-Fi Rush’s success, has left many questions unanswered. Despite the praise, Xbox leadership has yet to provide a clear explanation for why they chose to shutter a studio that had enjoyed recent critical acclaim. While financial considerations, including profitability, seem to have played a role, the timing of the closure raised eyebrows, especially given the positive remarks made by Greenberg.

More:Hackers Can Ban Warzone Players

In contrast, Krafton’s acquisition of Tango Gameworks signals a different approach. CEO Changhan 'CH' Kim addressed the decision in September 2024, stating that while Hi-Fi Rush 2 might not be a major money-maker for the company, Krafton was motivated by a desire to preserve the studio's legacy. "We don’t think Hi-Fi Rush 2 is going to make us money," Kim said, "but we wanted the studio to maintain their legacy." The acquisition shows Krafton's commitment to preserving the creative talent and unique gaming style that Tango has brought to the industry.

Tags: Tango Gameworks

Share:

Sources:

Report mistake Submit news

Related news

View All

Bungie Is Killing What Works to Save What Flopped

According to rumors, Bungie is about to start another layoff round. It looks like Sony is winding down its proven...

Business

May 22, 2026

Embracer Separates Fellowship Entertainment

Embracer Group announced that the Fellowship Entertainment will be a separate public company. Embracer did this several times before, it's...

Business

May 21, 2026

The Esports World Cup's Paris Move Breaks Its Riyadh Promise

Well, honestly 6 months ago this was unthinkable, but here we are. The Esports World Cup relocating to Paris, and...

Business

May 20, 2026

Sony's PlayStation PC Reversal Is Jim Ryan's Plan Dying

Hermen Hulst told staff at a Monday morning town hall that PlayStation's single-player games are going back to console-exclusive. Which...

Business

May 19, 2026

PlayStation Plus Hike vs Game Pass Cut: Same Data, Opposite Calls

PlayStation Plus prices rise for new subscribers on May 20, 2026, less than a month [[News/Xbox Cuts Game Pass Prices...

Business

May 19, 2026

Tango Gameworks Rebrands

Business

06 January 2025 13:46

Tags: Tango Gameworks

In a surprising move, Krafton announced its acquisition of Tango Gameworks in August 2024, just months after Microsoft's shocking decision to shut down the Japanese studio. The closure was particularly unexpected given that, only a year prior, Microsoft Vice President Aaron Greenberg had hailed Hi-Fi Rush as a breakout hit, praising the game for its commercial and critical success. Greenberg had even stated that the company was "couldn't be happier" with the game’s reception, and its success was seen as a major milestone for Tango Gameworks, which had previously developed The Evil Within series and Ghostwire: Tokyo.

However, Microsoft's abrupt pivot, closing the studio just a year after Hi-Fi Rush’s success, has left many questions unanswered. Despite the praise, Xbox leadership has yet to provide a clear explanation for why they chose to shutter a studio that had enjoyed recent critical acclaim. While financial considerations, including profitability, seem to have played a role, the timing of the closure raised eyebrows, especially given the positive remarks made by Greenberg.

More:Hackers Can Ban Warzone Players

In contrast, Krafton’s acquisition of Tango Gameworks signals a different approach. CEO Changhan 'CH' Kim addressed the decision in September 2024, stating that while Hi-Fi Rush 2 might not be a major money-maker for the company, Krafton was motivated by a desire to preserve the studio's legacy. "We don’t think Hi-Fi Rush 2 is going to make us money," Kim said, "but we wanted the studio to maintain their legacy." The acquisition shows Krafton's commitment to preserving the creative talent and unique gaming style that Tango has brought to the industry.

Share:

Sources:

Report mistake Submit news