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RIP in Peace, unannounced Deus Ex game

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Embracer Group Cancels ‘Deus Ex’ Video Game (Bloomberg)




The Swedish gaming company Embracer Group AB is canceling a video game in the beloved Deus Ex series after two years of development and will lay off a number of employees as part of an ongoing initiative to cut costs, according to people familiar with the moves.


Eidos, the Montreal, Canada-based studio behind the game, will instead focus on an original franchise. The canceled Deus Ex project, which had not yet been announced, was slated to enter production later this year, said the people, speaking anonymously because they are not authorized to talk to the press.



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What a waste. Using Eidos Montreal's time the past 8 years on developing Shadow of the Tomb Raider, doing support work on Marvel's Avengers for Crystal Dynamics, and developing Marvel's Guardians of the Galaxy was a terrible use of them. They finally get back to what they love, Deus Ex, to at least finish what they originally saw as hopefully a trilogy and it gets cancelled. As a fan of the first two, this sucks. Not surprised given it's Embracer though.

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Sheet GIF

I decided to look at their website press releases section and I see they need to pay $250M QTR/$1B 2024 in repayments. Lolololololol 



This credit and loan extension is aligned with our own agenda and puts us in a stronger position as we transition from heavy-investment mode to a highly cash-flow generative business

Aka become a LOTR IP company. Don’t see how you can make the transition to a highly CF business unless you are only licensing your IP. 

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