It sounds like a deal with the owner of the platform, such as Sony or Microsoft, to add specific games to their respective subscription services. Currently, this is just conjecture, but since closing is anticipated to take place in the upcoming months, we won’t have to wait long to find out. We expect the whole or parts of this deal will close during this financial year, thereby, it would improve predictability, lower business risk, and provide a positive impact on our cash flow and profits. It would also enable further investments into making even greater games based on both established and new IPs. The impact of the above-mentioned deal will be a factor in our forecasted Adjusted EBIT range for this and next financial year.
Download the full report :📰 https://t.co/VgXju0JqJV 📺 https://t.co/VU1KgIKprD🕘 9:00 CEST Welcome!https://t.co/IXtyioRiKR — Embracer Group (@embracergroup) November 17, 2022 The release of Saints Row contributed significantly to the Embracer Group’s 190% net sales rise (or 35% organic growth) during the second quarter of 2022. Wingefors acknowledged once again that the response to the game was divided, but he also claimed that its financial performance in this quarter was consistent with management expectations. Volition, however, has been moved from Plaion to Gearbox Entertainment because the Embracer Group officials think the studio would be able to benefit from the managerial skills of the seasoned staff there. It is the first internal move for a major studio inside the Embracer Group, but, according to Wingefors, it may not be the last.
