Saints Row Developer Volition Shut Down by Embracer Group

Borderlands developer Gearbox is reportedly up for sale by parent company Embracer Group. As per Reuters, the Swedish conglomerate is looking to restructure following a $2 billion (about Rs. 16,586 crore) deal with Saudi Arabia government-funded Savvy Games Group that fell through, earlier this year. The fallout resulted in the former cutting down on spending, in addition to closing down studios and laying off its employees. Having been acquired merely two-and-a-half years ago, Gearbox is now the latest victim, with some alleged third-party publishers expressing interest in acquiring the developer. No names were mentioned, though they were described as “international gaming groups.”

Embracer Group has shut down Volition, and as a studio that has been around for three decades, it’s obviously got some notable releases under its belt. But with the studio now shuttered, what will become of its properties?

Saints Row developer Volition has been shut down with immediate effect, shortly after celebrating its 30th year anniversary in June.

Yesterday, August 31, saw the end of Volition, and the studio bid farewell with one final post on Twitter. In its message, the 30-year-old developer looked back on its existence, saying it's "been around long enough that some folks forget what we made, but they certainly know our games."

On the heels of a total and immediate shutdown for 30-year-old studio Volition, publisher Deep Silver says that series like Saints Row and Red Faction aren't dead yet. 

Volition, the studio behind the Saints Row series, has closed with immediate effect. The developer said in a statement that the shutdown was a result of restructuring at parent company Embracer Group.

Black Eye Games, the developer of the medieval MMO Gloria Victis, has announced that it will shut down the game and close its doors at the conclusion of the current season. The studio said the shutdown is «mostly due to financial reasons,» but also that the effort of keeping the game running and growing has also left the team exhausted and burned out.

Volition Games has shut down as part of Embracer Group’s ongoing restructuring. The studio, which has roots going back to 1993, is behind the Saint’s Row series, Red Faction, and Summoner.

After 30 years, Volition is closing its doors. 

Volition Games, the studio behind Saints Row and Red Faction, has been permanently shut down due to the "restructuring" policy adopted by parent company Embracer Group.

Volition Games, the studio behind franchises such as Saints Row and Red Faction, has been shut down effectively immediately. 

A year after the underwhelming release of the Saints Row reboot, and just two months after celebrating 30 years of operation, Volition has been closed.