Report: Arkane Studios Has Until November To Find A Buyer
If you remember, in late September, Xbox announced another step in its major reset that will see the next Halo game be developed by Activision, rather than Halo Studios. As part of that announcement, it was revealed that Undead Labs found a new publisher. Ninja Theory, on the other hand, will seemingly be closed as […] The post Report: Arkane Studios Has Until November To Find A Buyer appeared…
In a recent report, the French studio Arkane Studios is reportedly given until November to find a new buyer or face closure. This news comes after the gaming giant Xbox announced a major reset, which saw the next Halo game move from Halo Studios to Activision. As a result, Undead Labs found a new publisher, while Ninja Theory's fate remains uncertain due to failed sale attempts.
According to a French report, Arkane's survival depends on finding a buyer by November 13, as France's Florange Law mandates a three-month search period for companies with over 1,000 employees considering closure. With approximately 217 jobs at risk, the studio's management is exploring takeover options. Notably, Arkane was previously working on a game featuring Marvel’s Blade, which is reportedly nearing completion.
Union representative from Printemps Ecologique claims that canceling the game would be a "monumental waste - artistically, humanly and commercially." However, Bloomberg's Jason Schreier argues that shutting down a game studio in France is costly due to labor laws requiring an extended severance period. As Xbox seeks to cut costs, the company would likely prefer to avoid additional expenses associated with the closure.
Written by urgent.news from Lowyat.NET's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
