KRAFTON, a South Korean video game publisher has acquired Tango Gameworks and the Hi-Fi Rush IP. Reportedly, the makers of BGMI made their first significant investment in the Japanese video game market claiming to strengthen its global presence. It is mentioned in the report that, this strategic move will include tights to Tango Gameworks’ acclaimed IP, Hi-Fi RUSH.
As per a report by Statista, the video game market in Japan was estimated to be worth 1.66 trillion Japanese yen in FY2020. The market encompasses video game hardware, video game software, and social games. It is expected to reach a value of more than 1.9 trillion yen by FY2027. Amidst this growing industry, Tango Gameworks, founded in 2010, claimed to establish itself as a leading development studio. The company created games like Hi-Fi-RUSH, The Evil Within and The Evil Within 2 and Ghostwire:Tokyo. The studio became part of Xbox in 2021.
From what it is understood, as a part of this agreement, KRAFTON aims to collaborate with Xbox and ZeniMax and maintain continuity at Tango Gameworks. It is also said that, there will be no impact on the existing game catalog of The Evil Within, The Evil Within 2, Ghostwire: Tokyo, and the original Hi-Fi RUSH game.