Embracer Group Shutters Onoma, Formerly Known As Square Enix Montreal
The closure comes one month after rebranding
One month after Square Enix Montreal was rebranded as Onoma, Embrace Group has now shuttered the studio. In a report from Bloomberg, Jason Schreier confirm the closure.
NEWS: Embracer has shut down Onoma, formerly Square Enix Montreal, which announced its new name just 3 weeks ago. Also: – Some Onoma staff will move to Eidos Montreal – Eidos canceled an unannounced game – Eidos working with Xbox on games like Fable Scoop: https://t.co/4WaL3rV4a1
A representative spoke with Schreier saying around 200 people would be impacted by the closure. The Swedish-based Embrace Group has been on an acquisitonspree over the last several months, picking up studios including Eidos Montreal, Crystal Dynamics, and Tripwire Interactive.
Square Enix Montreal was purchased back in May and was later rebranded to Onoma, a Greek word for name. The company informed staff at a 2 PM ET meeting today that Onoma is shutting down as the company pivots to focus only on PC and console games.
The closure comes as a cost-cutting manuever by Embracer Group. Eidos Montreal is said to have cancelled a Stranger Things-inspired “kids on bikes” project. Instead they are now working on a new IP, a new Deus Ex, and Fableas co-developer for Xbox.