Back from the Dead: Krafton Revives Tango Gameworks and Hi-Fi Rush

Krafton, the publisher behind PUBG Mobile, has acquired Tango Gameworks, the developer of the critically acclaimed rhythm game Hi-Fi Rush. The deal includes the studio's assets, including the Hi-Fi Rush IP, and positions Tango Gameworks to continue developing highly anticipated titles under Krafton's leadership.

In a surprising turn of events, Krafton, the South Korean gaming giant behind the popular battle royale game PUBG Mobile, has announced the acquisition of Tango Gameworks, a renowned game development studio known for its work on the Evil Within franchise. This deal marks a strategic move for both companies, securing the future of Tango Gameworks and its talented team while expanding Krafton's portfolio with promising intellectual properties.

Tango Gameworks, previously owned by Microsoft, had faced imminent closure despite the critical and commercial success of their recent release, Hi-Fi Rush. This action-packed rhythm game won critical acclaim for its innovative gameplay and unique art style, garnering a significant following.

Back from the Dead: Krafton Revives Tango Gameworks and Hi-Fi Rush

However, Microsoft's decision to shut down the studio raised concerns within the industry. With this acquisition, Krafton has stepped in to provide Tango Gameworks with a new lease on life, allowing them to continue their creative endeavors and capitalize on the momentum generated by Hi-Fi Rush.

The acquisition of Tango Gameworks includes the rights to the Hi-Fi Rush intellectual property, indicating Krafton's commitment to supporting and expanding this beloved franchise. While a direct port of Hi-Fi Rush to mobile platforms may not be likely, Krafton's extensive experience in mobile development suggests that spinoffs or crossover appearances in its mobile game portfolio could be a possibility.

With the addition of Tango Gameworks, Krafton further solidifies its position as a major player in the global gaming industry. The company's acquisition strategy has been focused on securing talented studios and franchises, including Striking Distance Studios and their upcoming horror title, The Callisto Protocol.

Krafton's acquisition of Tango Gameworks aligns with their vision of becoming a leader in diverse gaming genres. The company's vast resources and extensive network will provide the studio with the support needed to reach new heights of creativity and innovation.

For Tango Gameworks, this acquisition represents a second chance to prove their worth and continue the legacy of the Evil Within series while exploring new creative horizons. The studio's talented team, led by industry veteran Shinji Mikami, has consistently pushed the boundaries of horror gaming.

Under Krafton's guidance, Tango Gameworks will have the opportunity to expand their repertoire and create even more immersive and unforgettable gaming experiences. This acquisition could be a major turning point for the studio, allowing them to rise to new challenges and achieve their full potential.

The acquisition of Tango Gameworks by Krafton has sent ripples through the gaming industry. It serves as a reminder of the ever-changing landscape of game development, where mergers and acquisitions can significantly alter the fortunes of studios and their projects.

This move also raises questions about Microsoft's decision to shut down Tango Gameworks, a decision that was met with widespread skepticism. Krafton's investment in the studio suggests that Microsoft may have underestimated the studio's value and potential.

Krafton's acquisition of Tango Gameworks is a major development that has reshaped the trajectory of both companies. Tango Gameworks has been granted a lifeline, securing their future and giving them the opportunity to continue creating captivating games. Krafton, meanwhile, has added a talented studio and a valuable franchise to its portfolio, strengthening its position as a global gaming powerhouse. The gaming industry will eagerly anticipate the fruits of this collaboration, as Tango Gameworks embarks on a new chapter under Krafton's stewardship.