Embracer Group has sold Cryptic Studios and Arc Games to Project Golden Arc for $30 million. This deal, backed by XD Inc., is a big change for both studios, known for their MMO and live service games. Cryptic is famous for City of Heroes and Neverwinter, while Arc Games brings us Remnant: From the Ashes and Star Trek Online. As part of the sale, THQ Nordic will take over the Remnant franchise, and Coffee Stain will get the multiplayer game Fellowship. Embracer aims to focus on its key properties and improve profitability. CEO Phil Rogers is hopeful that the studios...
Published on: 11/26/2025
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