Krafton Acquires Tango Gameworks and Hi-Fi Rush IP from Xbox
Aug. 12, 2024Anofficial press releasereported 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 owns Hi-Fi Rush rights under Tango Gameworks.
The press release also reaffirms that the new IPwill 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.
Honestly,this is a win in Krafton’s books. The Korean publisher has long tried to break out of its PUBG identity and expand, but its efforts have been pretty lukewarm. They helped develop and publish the Glenn Schofield-led Striking Distance Studios survival horror game The Callisto Protocol. While that managed to gain a lukewarm reception, the publisher didn’t gain a strong portfolio of games outside of PUBG and their mobile titles.
This is the company’s first significant investment in the Japanese video game market, so it should be worth something. Hopefully, Tango Gameworks will keep soaring from here onwards and continue creating memorable experiences. Maybe we will finally see a sequel to Hi-Fi Rush! Let us know your thoughts on this news in the comments below.
Meet Sampad, Beebom’s in-house video game enthusiast and writer. With two years of freelance experience, he has passionately crafted articles about the games he loves. You can find his writings on Sportskeeda, Gamingbolt, and GGTalks.
During work hours, he covers the latest gaming news, creates how-to guides, and occasionally shares video game reviews. In his free time, he enjoys building Gundam model kits, planning his next cosplay, and play his favorite RPG games.
