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.

A representative spoke with Schreier saying around 200 people would be impacted by the closure. The Swedish-based Embrace Group has been on an acquisiton spree 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 Fable as co-developer for Xbox.