Krafton Inc. has successfully acquired Tango Gameworks and its acclaimed game Hi-Fi Rush, saving the studio from closure amid troubling layoffs in the gaming industry. This acquisition marks Krafton's first major investment in the Japanese gaming market, although significant IPs like Ghostwire Tokyo and The Evil Within will remain under Microsoft's control. Tango Gameworks faced potential layoffs after Microsoft announced the closure of several studios, but Krafton's intervention prevents this outcome, offering new opportunities for the team and ensuring continuity for Hi-Fi Rush and future projects.

Why did Krafton acquire Tango Gameworks?

Krafton acquired Tango Gameworks to save the studio from closure and ensure that the talented development team behind the successful Hi-Fi Rush continues to operate, highlighting Krafton's strategic move to strengthen its presence in the Japanese gaming market.

Tango Gameworks, founded in 2010, is well-known for its unique approach to game design, blending vibrant art styles with engaging gameplay, as showcased in their recent title, Hi-Fi Rush. The studio gained significant recognition when Hi-Fi Rush was launched in January 2023, praised for its innovative mechanics and compelling storytelling, standing out in an era dominated by sequels and franchise reboots.