PUBG Publisher Krafton acquired Tango Gameworks, the studio responsible for the rhythm-based action game Hi-Fi noisewith plans to revive the intellectual property after its closure by Microsoft earlier this year.
The Japanese game studio can finally continue its efforts after the takeover deal on August 12, 2024. Krafton is also planning something for the Hi-Fi noise IP in the near future that many fans are looking forward to.
Krafton acquires Tango Gameworks
Tango Gameworks was founded by resident Evil Director Shinji Mikami in 2010 and was quickly acquired by ZeniMax Media.
The latter is the owner of Bethesda Softworks and since this deal the studio has developed The evil within Franchise, Ghostwire: TokyoAnd Hi-Fi noise.
When it was then announced that the studio would close in May 2024, Xbox executive Matt Booty called it a “foresighted decision.” He also hinted that it had something to do with the studio left over without a leader, according to Automaton Media.
However, fans and developers around the world were not convinced by the publicly announced reasons. They also criticize Microsoft for wrongfully “killing” a promising studio for whatever reason.
But two months after the studio closed PUBG Publisher Krafton stepped in and brought hope to those in the video game industry.
Apparently, Microsoft also cooperated in the takeover and committed to supporting employees in resuming their work in the new company.
Microsoft’s decision to close Tango Gameworks came despite Hi-Fi Rush’s received much praise from critics and stated that they wanted to focus more on “big impact titles”.
At that time, she also announced the Closures for Red Case Developer Arkane Austin, Mighty Doom Studio Alpha Dog and Roundhouse Games, said GamesIndustry.
Krafton recently said that the acquisition of the Japanese game studio will not impact the availability of previous Tango Gameworks releases. The company added that those titles will remain available where they currently are.
Revival of the Hi-Fi Rush IP
In a statement, the PUBG The publisher noted that the integration simply underscores its commitment to expanding its global presence and expanding its portfolio with innovative and high-quality content. The studio said the addition of Tango Gameworks represents a “strategic alignment with Krafton’s mission.”
The PUBG Publisher is a South Korean studio that is also known for TERA And The Callisto Protocol Games. Its portfolio includes Bluehole, PUBG Studios, Striking Distance, Neon Giant and many others.
Krafton’s announcement of the acquisition of Tango Gameworks also comes just days after the acquisition by former developers of Arkane Austin announced a new first-person action RPG at its Wolfeye studio, according to Polygon.
