Tango Gameworks Rebrands

Business
06 January 2025 13:46
In a surprising move, Krafton announced its acquisition of Tango Gameworks in August 2024, just months after Microsoft's shocking decision to shut down the Japanese studio. The closure was particularly unexpected given that, only a year prior, Microsoft Vice President Aaron Greenberg had hailed Hi-Fi Rush as a breakout hit, praising the game for its commercial and critical success. Greenberg had even stated that the company was "couldn't be happier" with the game’s reception, and its success was seen as a major milestone for Tango Gameworks, which had previously developed The Evil Within series and Ghostwire: Tokyo.
However, Microsoft's abrupt pivot, closing the studio just a year after Hi-Fi Rush’s success, has left many questions unanswered. Despite the praise, Xbox leadership has yet to provide a clear explanation for why they chose to shutter a studio that had enjoyed recent critical acclaim. While financial considerations, including profitability, seem to have played a role, the timing of the closure raised eyebrows, especially given the positive remarks made by Greenberg.
More:Hackers Can Ban Warzone Players
In contrast, Krafton’s acquisition of Tango Gameworks signals a different approach. CEO Changhan 'CH' Kim addressed the decision in September 2024, stating that while Hi-Fi Rush 2 might not be a major money-maker for the company, Krafton was motivated by a desire to preserve the studio's legacy. "We don’t think Hi-Fi Rush 2 is going to make us money," Kim said, "but we wanted the studio to maintain their legacy." The acquisition shows Krafton's commitment to preserving the creative talent and unique gaming style that Tango has brought to the industry.
Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...
Business
May 02, 2025
Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...
Business
May 02, 2025
Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....
Business
May 02, 2025
Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...
Drama
May 01, 2025
Ubisoft has issued a response following a formal privacy complaint filed against the company by NOYB – the European Center...
Business
Apr 30, 2025

Business
06 January 2025 13:46
In a surprising move, Krafton announced its acquisition of Tango Gameworks in August 2024, just months after Microsoft's shocking decision to shut down the Japanese studio. The closure was particularly unexpected given that, only a year prior, Microsoft Vice President Aaron Greenberg had hailed Hi-Fi Rush as a breakout hit, praising the game for its commercial and critical success. Greenberg had even stated that the company was "couldn't be happier" with the game’s reception, and its success was seen as a major milestone for Tango Gameworks, which had previously developed The Evil Within series and Ghostwire: Tokyo.
However, Microsoft's abrupt pivot, closing the studio just a year after Hi-Fi Rush’s success, has left many questions unanswered. Despite the praise, Xbox leadership has yet to provide a clear explanation for why they chose to shutter a studio that had enjoyed recent critical acclaim. While financial considerations, including profitability, seem to have played a role, the timing of the closure raised eyebrows, especially given the positive remarks made by Greenberg.
More:Hackers Can Ban Warzone Players
In contrast, Krafton’s acquisition of Tango Gameworks signals a different approach. CEO Changhan 'CH' Kim addressed the decision in September 2024, stating that while Hi-Fi Rush 2 might not be a major money-maker for the company, Krafton was motivated by a desire to preserve the studio's legacy. "We don’t think Hi-Fi Rush 2 is going to make us money," Kim said, "but we wanted the studio to maintain their legacy." The acquisition shows Krafton's commitment to preserving the creative talent and unique gaming style that Tango has brought to the industry.


Polygon, one of the most prominent video game and pop culture websites of the last decade, has been acquired by...
Business
May 02, 2025
Just a day after its significant legal victory over Apple, Epic Games has announced a new set of features...
Business
May 02, 2025
Rockstar Games has officially delayed the release of Grand Theft Auto VI, pushing the launch date to May 26, 2026....
Business
May 02, 2025
Electronic Arts (EA) is laying off between 300 and 400 employees in a significant restructuring effort, according to a report...
Drama
May 01, 2025
Ubisoft has issued a response following a formal privacy complaint filed against the company by NOYB – the European Center...
Business
Apr 30, 2025