Less than a year after its unexpected closure by Microsoft, Tango Gameworks has made a dramatic comeback, now operating under the banner of Krafton Inc. The studio, known for delivering critically acclaimed titles like Hi-Fi Rush, The Evil Within series, and Ghostwire: Tokyo, announced its “new start” via its first post on X since its closure in May 2024.
A New Chapter Begins
In its statement, the studio expressed excitement about its revival, saying,
“Tango Gameworks studio has been reborn as Tango Gameworks Inc, proudly joining Krafton Inc. We’re excited to continue crafting games that bring joy to players around the world. Thank you for your continued support as we embark on this new journey.”
This revival represents a significant turning point for the studio, which was originally shuttered by Microsoft in what many fans and industry analysts considered a shocking and abrupt decision.
The Fall and Rise of Tango Gameworks
Tango Gameworks’ closure under Microsoft’s watch came as a surprise to many, particularly in light of the success of Hi-Fi Rush. In 2023, Microsoft VP Aaron Greenberg described the game as “a breakout hit for us and our players in all key measurements and expectations. We couldn’t be happier with what the team at Tango Gameworks delivered with this surprise release.”
Despite these praises, Tango, along with other high-profile studios like Arkane Austin, faced closure during a wave of restructuring. While Microsoft never provided a detailed explanation, financial performance—or the lack thereof—is widely believed to be a major factor. However, the decision to shutter the studio so soon after lauding its success raised questions about Microsoft’s long-term strategy and commitment to its creative teams.
Enter Krafton: A Commitment to Legacy
In August 2024, Krafton announced its acquisition of Tango Gameworks, marking the beginning of the studio’s resurrection. Krafton’s CEO, Changhan “CH” Kim, made it clear that the acquisition was about more than financial gain.
“We don’t think Hi-Fi Rush 2 is going to make us money,” Kim admitted in September 2024, “but we wanted the studio anyway to maintain their legacy.”
This statement underscores Krafton’s focus on preserving Tango Gameworks’ reputation for innovative and high-quality gaming experiences, even if the immediate financial returns are not guaranteed.
Looking Ahead
As Tango Gameworks embarks on this new chapter under Krafton’s ownership, fans are eager to see how the studio will evolve. The commitment to preserving the studio’s legacy, combined with Krafton’s resources and support, offers a promising foundation for future projects. Whether that means sequels to beloved titles or entirely new IPs, one thing is clear: Tango Gameworks is back, and it’s here to stay.
This revival not only breathes new life into the studio but also serves as a reminder of the enduring value of creative talent in the gaming industry. Fans and industry watchers alike will be closely following Tango’s next moves as it aims to reclaim its position as a leading developer in the gaming world.
Key Points
- Tango Gameworks Revival:
- The studio has been reborn as Tango Gameworks Inc.
- Now operates under Krafton Inc. after being closed by Microsoft in May 2024.
- Official announcement made via social media, expressing excitement for a fresh start.
- Closure Under Microsoft:
- Tango Gameworks was shut down despite the success of Hi-Fi Rush, which Microsoft had praised as a “breakout hit.”
- Microsoft never clarified the exact reasons for the closure but financial considerations are believed to be a factor.
- The decision drew criticism for undermining credibility and commitment to creative teams.
- Krafton’s Acquisition:
- Krafton acquired Tango in August 2024, just a few months after its closure by Microsoft.
- Krafton CEO Changhan “CH” Kim stated that the acquisition was aimed at preserving Tango’s legacy, even if not immediately profitable.
- Legacy and Future Goals:
- Krafton’s focus is on maintaining the studio’s reputation for high-quality and innovative games.
- Future projects remain uncertain but are expected to align with Tango’s creative strengths.
- Fan and Industry Reaction:
- The revival of Tango Gameworks has been met with enthusiasm from fans and industry observers.
- Many are eager to see how the studio evolves under Krafton’s leadership.