In a surprising turn of events, Tango Gameworks, the studio behind the critically acclaimed rhythm action game Hi-Fi Rush, has been acquired by Krafton Inc., the South Korean publisher known for PUBG, TERA, and The Callisto Protocol. This acquisition comes just months after Microsoft announced the closure of Tango Gameworks, a decision that left fans and industry insiders shocked. With Krafton now owning the rights to Hi-Fi Rush, the studio will continue to develop this beloved IP and explore future projects, ensuring the legacy of this award-winning game continues.
Got questions about gaming or want to discuss the latest in the industry? Join our Discord for lively discussions and support!
Krafton Acquires Tango Gameworks and Hi-Fi Rush
Krafton Inc. announced today that it has acquired Tango Gameworks, the studio behind Hi-Fi Rush and The Evil Within series. This move marks Krafton's first significant investment in the Japanese video game market and is a strategic step in their global expansion. Krafton stated that they will work closely with Xbox and ZeniMax to ensure a smooth transition for Tango Gameworks' team and projects. The acquisition includes the rights to Hi-Fi Rush, allowing Tango to continue developing this IP and explore new ventures.
Tango Gameworks, founded by Resident Evil creator Shinji Mikami, had been part of Xbox since ZeniMax's acquisition in 2021. Despite the success of Hi-Fi Rush, which launched in 2023 and won multiple awards, Microsoft decided to close the studio as part of broader restructuring efforts focused on "high-impact titles." However, Krafton's acquisition means that Tango Gameworks will resume operations under new ownership, continuing its commitment to innovation and delivering exciting experiences for fans.
Krafton confirmed that the acquisition will not impact the existing game catalog, including The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi Rush. These titles will remain available on platforms and storefronts. A Microsoft spokesperson expressed support for the transition, stating, "We’re working with Krafton to enable the team at Tango Gameworks to continue to build games together, and we look forward to playing their next great game."
Future of Hi-Fi Rush
Hi-Fi Rush has been a standout success for Tango Gameworks, earning accolades such as 'Best Animation' at the BAFTA Games Awards and 'Best Audio Design' at The Game Awards and Game Developers’ Choice Awards. The closure of Tango Gameworks was met with widespread disappointment, but Krafton's acquisition offers a new hope for the future of this beloved game. Developer Takeo Kido shared images from the studio's last day before the closure, highlighting the emotional impact of the decision.
Krafton's statement emphasizes their commitment to expanding their global footprint and enhancing their portfolio with innovative content. The acquisition of Tango Gameworks aligns with Krafton's mission to push the boundaries of interactive entertainment. While there has been speculation about a potential sequel to Hi-Fi Rush, no official announcement has been made regarding a "Hi-Fi Rush 2." However, the future looks promising for Tango Gameworks under Krafton's stewardship.
