Embracer Group Shuts Down Square Enix Montreal Studio Just Months After Acquiring It

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According to One bloomberg report goodVideo game publisher Embraer has shut down Onoma, the studio formerly known as Square Enix Montreal, a few months after its acquisition. Some of the staff will be relocated to Eidos Montreal, another studio owned by Embraer. This news comes a few weeks after Onoma had to go through a rebranding process where it adopted the new name.

Onoma was best known for his work on the Go series, a turn-based spin-off of the popular Eidos Interactive titles designed for mobile. These include Hitman Go, Lara Croft Go and Deus Ex Go. His most recent work was Tomb Raider Reloaded, which came to mobile devices earlier this year, and his future plans. include a title based on Avatar The Last Airbender,

Earlier this year, Onoma was just one part of a much larger series of acquisitions of Embraer, which included Crystal Dynamics and Eidos Montreal. In August, Embraer acquired the IP rights to Limited Run Games, Tripwire Interactive, Tuxedo Labs, The Lord of the Rings and The Hobbit. and many more studios,

bloomberg The report also noted that the closure is part of a cost-cutting initiative, and that projects in Eidos Montreal will be scaled back as well as curtailed. Some of these resources will be redirected to assist with the development of a game in the Fable franchise, led by Playground Games.

[Source: Bloomberg]

Were you a fan of the Go series? Do you think the acquisition is good for the game industry? Tell us in the comments.

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