Embracer said its restructuring program’s main focus areas are capex and opex savings, capital allocation, and efficiency improvements. Actions will cover, but are not limited to: Matthew Karch appointed interim Chief Operating Officer, and Phil Rogers appointed interim Chief Strategy Officer, to co-lead the program planning and implementation; Reduction of general overhead, corporate, publishing and SG&A costs; The closing of studios and termination of projects, that have not yet been announced and with low projected returns; Creation of a more comprehensive, centralized process for game investment and progress review, while maintaining creative freedom; Consolidation of companies and businesses, including review of operative group structures; Reduction of investments into external development with greater focus on internal development based on owned or controlled IP; Increased external funding of internally developed, large-budget games; Renewed focus on the Group’s main business areas, and; Implementing a centralized and standardized, more data-driven and precise approach to game forecasting.
Published first on TheFly
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