Microsoft shut down Hi-Fi Rush developer Tango Gameworks, alongside a couple of different Bethesda-owned studios, in May to shift deal with to its “priority games.” Tango had on the time confirmed its closure, however the Japanese studio has now been acquired by Krafton and can stay open. The South Korean writer introduced Monday that it had built-in Tango Gameworks into its group, marking its “first significant investment in the Japanese video game market.” The deal additionally consists of the mental property rights to Hi-Fi Rush, the acclaimed rhythm-based motion recreation from Tango.
Tango Gameworks Acquired by Krafton
Krafton didn’t reveal any monetary particulars concerning the deal however mentioned that it might work with Xbox and Bethesda guardian ZeniMax to make sure a clean switch of possession. The PUBG: Battlegrounds writer additionally confirmed that it might permit Tango Gameworks to additional develop the Hi-Fi Rush IP, hinting at potential sequels.
“As part of this strategic agreement, KRAFTON intends to collaborate with Xbox and ZeniMax to ensure a smooth transition and maintain continuity at Tango Gameworks, allowing the talented team to continue developing the Hi-Fi RUSH IP and explore future projects,” the corporate mentioned in a press launch. “KRAFTON intends to support the Tango Gameworks team to continue its commitment to innovation and delivering fresh and exciting experiences for fans,” it added.
The writer mentioned that Tango’s current catalogue of video games like The Evil Within, The Evil Within 2, Ghostwire: Tokyo and Hi-Fi Rush won’t be impacted by the acquisition.
The deal represents Krafton’s first main funding within the Japanese online game market. The firm owns a number of internation recreation studios and has acquired builders like Neon Giant and Unknown Worlds Entertainment in recent times. “This integration reinforces KRAFTON’s dedication to expanding its global footprint and enhancing its portfolio with innovative and high-quality content,” Krafton said about its latest acquisition.
Tango Gameworks was founded by Capcom veteran Shinji Mikami in 2010 and was acquired by ZeniMax Media the same year. The company joined Microsoft’s portfolio of game studios when the Xbox parent acquired ZeniMax in 2021.
Earlier this year in May, Microsoft introduced it was shutting down a number of Bethesda-owned recreation studios, together with Tango Gameworks and Redfall maker Arkane Austin. The axe fell on Tango regardless of the vital success of its newest recreation, Hi-Fi Rush.
