Krafton has acquired Tango Gameworks and the Hi-Fi Rush IP from Xbox, marking a big change in the gaming world.

In a surprising twist, Krafton, a video game company from South Korea, has bought Tango Gameworks and the rights to its popular game Hi-Fi Rush from Xbox. This is a big deal for Krafton, which is famous for its super popular game PUBG: Battlegrounds. By doing this, Krafton wants to add more games to its collection and make a big splash in the Japanese gaming scene.

Krafton Acquires Tango Gameworks and Hi-Fi Rush IP

Krafton’s acquisition of Tango Gameworks was confirmed on August 12, 2024. The deal includes not just the studio but also the rights to Hi-Fi Rush, the critically acclaimed rhythm-action game released in early 2023. This acquisition signals Krafton’s ambitious move to broaden its portfolio and strengthen its presence in the Japanese gaming market.

Krafton says everything will go smoothly with their new plans and the studio will keep working on Hi-Fi Rush and other new projects. They also want to make sure that the previous games of Tango Gameworks and popular titles like The Evil Within series and Ghostwire: Tokyo will still be available for everyone to play, no matter which platform you’re using.

For those who don’t know about the studio, Tango Gameworks, founded by Shinji Mikami in 2010, is celebrated for its innovative game designs. Mikami, renowned for his work on Resident Evil, led the studio in creating notable titles such as The Evil Within and Ghostwire: Tokyo. However, Tango Gameworks faced an uncertain future when Microsoft announced plans to shut down the studio in May 2024, as part of its strategy to focus on “high-impact titles.” The closure decision was met with disappointment from fans, particularly given the recent success of Hi-Fi Rush.

Now, Krafton buying Tango Gameworks is a big step for the company. They’re doing this to add more variety to their games beyond just PUBG. And by teaming up with Tango Gameworks, Krafton hopes to use their creativity to keep making fun games like Hi-Fi Rush. There’s even a chance they might make a sequel to Hi-Fi Rush in the future.

Overall, the news about Krafton buying Tango Gameworks has got people excited and curious. Fans of Tango Gameworks and Hi-Fi Rush are hoping for more cool stuff and new ideas from them. And people who know a lot about games think it’s a good move for Krafton because they’ve been trying to make a name for themselves beyond PUBG.

With Tango Gameworks now part of their team, Krafton might get better at making new games and be more known around the world. So, this deal is like a fresh start for both Krafton and Tango Gameworks.

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