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Still Wakes the Deep Studio The Chinese Room Announces Management Buyout, Gaining Independence from Sumo Digital
BRIGHTON, UNITED KINGDOM, JUL 21 – The Chinese Room regained independence via a management buyout supported by Hiro Capital after layoffs at Sumo Group, pledging to focus on original games and new IP development.
- Recently, The Chinese Room completed a management buyout, gaining independence from Sumo Digital, at its Brighton, United Kingdom base.
- Earlier this year, Sumo Group cut 15 percent of its workforce in June 2024, pivoting away from original franchises, which prompted layoffs at the studio.
- In a deal supported by Hiro Capital, Ed Daly said `We are continuing to work on original IP`, and the studio retains 55 developers with no further layoffs planned.
- Despite the shake-up, The Chinese Room's buyout secures project continuity with Vampire: The Masquerade- Bloodlines 2 launching in October 2025 and two new IPs in development.
- Industry observers say The Chinese Room is a huge British success story, and the move is seen as a boost for the British video game industry.
18 Articles
18 Articles
Still Wakes the Deep developer The Chinese Room regains its independence
The Chinese Room, maker of Still Wakes the Deep, has bought back its independence. The studio will continue developing new franchises after splitting from the Sumo Group. The latter said earlier this year that it's pivoting away from original games and toward co-development work. Tencent bought the British studio Sumo for $1.27 billion in 2021. Game Developer reported that VC firm Hiro Capital facilitated the Chinese Room's independence deal. St…
Still Wakes the Deep Studio The Chinese Room Announces Management Buyout, Gaining Independence from Sumo Digital
The Chinese Room, the acclaimed British indie studio behind last year's oil rig horror game Still Wakes the Deep, has now officially cut ties with its former parent company Sumo Digital.
Yesterday, our colleagues from GamesIndustry.biz reported the announcement of The Chinese Room about their regain of independence from Sumo Digital. The latter, a subsidiary of Chinese giant Tencent, had bought the British studio in 2018. But at the beginning of the year, he indicated that he wanted to refocus his activities on subcontracting development. This was not suitable for the executives of The Chinese Room, who managed to buy the studio…
Developer The Chinese Hall announced that it had gained its independence from the parent company Sumo Digital. According to IGN, the article The Chinese Hall is now independent of Sumo Digital, has two new developing IPs appeared first on Fun Academy.
Still Waves the Deep: Its developer is working on two new IPs Urgent: The Chinese Room Finds His Independence and Preparents Two New Promitter Projects! London, United Kingdom –... The post Still Waves the Deep: Its developer is working on two new IPs appeared first on World News.
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