No one would’ve expected that after the announcement of Microsoft shutting down Tango Gameworks back in May 2024, anything good would happen. Gamers were upset after the news broke out that alongside Arkane Austin, Tango Gameworks would also shut shop. However, it now seems there is hope as in a surprising move, Krafton has purchased Tango Gameworks from Xbox!
An official press release reported that Krafton is currently working with Microsoft to enable a smooth transition. As part of the deal, Tango Gameworks officially becomes a studio under Krafton, and Krafton now owns the rights to Hi-Fi Rush, which is under Tango Gameworks.
The press release also reaffirms that the new IP will not impact Tango Gameworks’ existing titles, such as The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi Rush. Furthermore, Krafton will allow Tango Gameworks to continue developing the Hi-Fi Rush IP and explore other projects.
This move is viewed as a significant win for Krafton, especially since the Korean publisher has long tried to diversify beyond its PUBG identity. They previously helped develop and publish The Callisto Protocol, a survival horror game, but this acquisition marks their first substantial investment in the Japanese video game market. It opens new avenues for creative exploration and innovation.
Fans are hopeful that this change will lead to exciting new developments from Tango Gameworks. The studio has a strong track record, and many believe that with Krafton's backing, they can continue to create memorable experiences. Perhaps this acquisition will pave the way for a much-anticipated sequel to Hi-Fi Rush!
What do you think about this acquisition? Share your thoughts in the comments below!
What You Will Learn
- Krafton has acquired Tango Gameworks from Microsoft, sparking hope for gamers.
- The acquisition will allow Tango Gameworks to continue its existing projects and develop new IPs.
- This marks Krafton's first significant investment in the Japanese gaming market.
- The move aims to strengthen Krafton's portfolio beyond its PUBG identity.
