Square Enix selling Marvel game rights to Embracer Group after $200m loss

Embracer Group wants to take Marvel’s Avengers and Guardians of the Galaxy games from Square Enix despite facing a loss of $200 million. 

Square Enix’s decision to sell off its western studios and a series of beloved IPs was announced earlier this week, and we now know what that’ll mean for the company’s Marvel titles; Guardians of the Galaxy, and Marvel’s Avengers.

Developers Eidos Montreal and Crystal Dynamics were part of a deal that saw Embracer Group pick up the studios, and it appears the Marvel licensing is going too, subject to Disney approval.

Marvel’s Avengers to be continued after Square Enix split

Analyst David Gibson, from MST Financial (thanks Metro), notes that the two Marvel titles launched so far have cost Square Enix $200 million, perhaps underlining why the studios were included in the deal.

• Read More: Square Enix sells Tomb Raider, Deus Ex & studios to Embracer Group in $300m deal

In an earnings call, Embracer Group noted that the company is intending to publish both Guardians of the Galaxy and Marvel’s Avengers — subject to Disney’s approval.

Whether or not that means Marvel’s Avengers will enjoy additional new content following the launch of a new Thor variant in the coming months or if development winds down on the title in the aftermath remains to be seen.

For Guardians of the Galaxy, a single-player, campaign-based game, that likely doesn’t mean any change — although given its impressive critical response there could be the potential for a sequel.

The game, from Eidos Montreal, was nominated for four Game Awards, winning the award for Best Narrative.