Volition studio to close amid Embracer Group restructuring

Following underperformance of the recent Saints Row and Embracer's restructuring, Volition was announced to be closing down effective immediately.

Image via Volition
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Hard times have hit the long-running Volition studio today with the studio shutting down immediately after 30 years of activity. The developers behind the Saints Row and Red Faction series ended up on the chopping block under embracer amid the parent company’s announcement earlier this year to restructure its entire organization under its own hard times. This unfortunately ended with Volition being shut down following evaluation.

Volition announced its shutdown via an update post on the company’s LinkedIn page on August 31, 2023. There, the team explained that the decision to shutdown was part of Embracer Group’s recent troubles:

Volition's statement on its closing
Volition announced its closure as a consequence of Embracer's restructuring decision made back in June 2023.
Source: Volition

Volition refers to a decision Embracer Group made back in June to restructure its entire business and acquisitions, of which Volition was a part. The company’s sudden rough stretch came after it was revealed that a $2 billion USD deal fell through, allegedly with the Saudi Arabia PIF-backed Savvy Gaming. While Embracer was previously on an acquisition spree that saw it get quite a few studios and even the rights to Lord of the Rings entertainment and games, the failed $2 billion deal shook the company heavily and left it in a tumultuous state this year.

With Volition closing, it looks like the end of the road for franchises like Saints Row and Red Faction for now. Shacknews sends its condolences to those affected and wishes them well as the studio shuts down.

Senior News Editor

TJ Denzer is a player and writer with a passion for games that has dominated a lifetime. He found his way to the Shacknews roster in late 2019 and has worked his way to Senior News Editor since. Between news coverage, he also aides notably in livestream projects like the indie game-focused Indie-licious, the Shacknews Stimulus Games, and the Shacknews Dump. You can reach him at tj.denzer@shacknews.com and also find him on Twitter @JohnnyChugs.

From The Chatty
  • ? reply
    August 31, 2023 12:10 PM

    TJ Denzer posted a new article, Volition studio to close amid Embracer Group restructuring

        • ? reply
          August 31, 2023 9:58 AM

          This past June, Embracer Group announced a restructuring program to strengthen Embracer and maintain its position as a leader in the video game industry. As part of that program, they evaluated strategic and operational goals and made the difficult decision to close Volition effective immediately.

      • ? reply
        August 31, 2023 9:58 AM

        [deleted]

      • ? reply
        August 31, 2023 9:59 AM

        Ugh, I hate to say it but this whole Embracer deal with the Saudis was such a goat fuck. I feel like it’s one of those typical situations where an entity gets charmed by the huge money people they are being bedazzled by, but the actual financial and legal underpinnings are as unstable as jello.

        We don’t even know yet how much this shit deal falling through will damage the game industry as a whole. Embracer probably would’ve done better cutting the deal with Elon Musk. 😵‍💫

        • ? reply
          August 31, 2023 10:08 AM

          We didn't know how good we had it in the late 2000s/2010s

          • ? reply
            August 31, 2023 10:20 AM

            I still think the actual studio culture end of the business is better than ever, artistically, technologically and life/work respect (although there’s always room for improvement).

            It’s always the money men end of it that’s sleazy and tacky as fuck.

      • ? reply
        August 31, 2023 10:11 AM

        Very sad to read that, even if it's not entirely surprising after a series of flops. They've been around forever, and now it's even less likely we'll get a Freespace 3. :(

        • ? reply
          August 31, 2023 10:28 AM

          Homeworld 3 looks hot as hell and will be a hit or I’ll eat my shoe. Combine that with Starfield plus Armored Core 6 doing so much better than expected and I wouldn’t rule out at least a spiritual successor coming through, as part of this hard sci-fi trend.

          Turn that frown upside down!

          • ? reply
            August 31, 2023 10:50 AM

            Oh I'm counting on a revival of that genre at some point, given how cyclical this shit can be. It's just taking a long damn time!

            I've also been trying to get OpenFS2 working but the main menu is fucked for me just like it was the last time I tried years ago. :(

      • ? reply
        August 31, 2023 10:19 AM

        pretty legendary developer: Descent, FreeSpace, Red Faction...

        • ? reply
          August 31, 2023 10:22 AM

          pretty legendary developer: Descent, FreeSpace, Red Faction...

          Fixed it for you. :(

          • ? reply
            August 31, 2023 10:33 AM

            Even the Saint's Row games had their place in game history.

      • ? reply
        August 31, 2023 10:39 AM

        I noticed the other day that the new Saints Row has only about 1000 reviews on Steam. Did it mega flop?

        • ? reply
          August 31, 2023 10:43 AM

          It teraflopped.

        • ? reply
          August 31, 2023 10:47 AM

          Tetraflopped

        • ? reply
          August 31, 2023 10:53 AM

          Just about everyone who was going to buy it bought it on Epic already Which wasn't enough.

          • ? reply
            August 31, 2023 10:59 AM

            I mean, I rebought it on steam but I'm an idiot who has almost 600 hours on Saints Row The Third.

        • ? reply
          August 31, 2023 11:15 AM

          I picked it up on sale. Think I got about 6-8 hours in before I uninstalled it. Was just not fun to play.

        • ? reply
          August 31, 2023 11:16 AM

          It was Epic exclusive for a while too

          • ? reply
            August 31, 2023 9:17 PM

            At least they got some money out of it then 👍

      • ? reply
        August 31, 2023 10:56 AM

        At least they were able to get the DLC out the door. Hope it doesn't need to be patched.

      • ? reply
        August 31, 2023 11:11 AM

        The day before their last game, Santa Row is free on PSN, too.

        Haven’t played that yet, but it looked like a disappointment. Their red faction remaster wasn’t great either. I don’t think it was the same studio or was back then.

        Still sad. I really liked their old games

      • ? reply
        August 31, 2023 11:13 AM

        Please, can get free space ip into competent hands?

      • ? reply
        August 31, 2023 11:13 AM

        Noooooo, one of my favorites studios!

      • ? reply
        August 31, 2023 11:32 AM

        RIP Saints Row

      • ? reply
        August 31, 2023 11:40 AM

        Loved playing Saints Row co-op with my brother, those are some of the most epic gaming memories I have.

        Pours one out for Volition.

        😞

        • ? reply
          August 31, 2023 12:03 PM

          That all of the mini-games were co-op with different players have different tasks was amazing.

        • ? reply
          August 31, 2023 5:47 PM

          My favorite saints row 3 moment in coop was when one of my best friends and I both ran off in different directions to find something to mess with each other, and when we picked an intersection to meet we learned that each of us had had the same thought:

          Find and steal a Mac truck and drive full speed to the intersection as a smash cut to fun

      • ? reply
        August 31, 2023 3:46 PM

        Gta 4 came out the same year as Saint Rows 2. It was hard to finish the second half of gta4. Saint Rows 2 keep my attention all the way through.

    • DM7 legacy 10 years legacy 20 years
      ? reply
      September 1, 2023 5:12 AM

      Freespace 2 was a great game.

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