The Chinese Room completes management buyout

Developer The Chinese Room has embarked on a new chapter as it transitions to independence following a management buyout (MBO). According to GamesIndustry.biz, the studio has officially severed ties with Sumo Digital, a shift made possible by the venture capital firm Hiro Capital. While the financial specifics of the deal remain undisclosed, the implications of this change are significant for the studio’s future.

Restructuring and Future Projects

In the wake of the MBO, The Chinese Room has undergone some restructuring, which unfortunately included layoffs. Studio director Ed Daly confirmed that several roles were made redundant during this process. “Yes, following the divestment process a number of roles were made redundant,” he stated. “The specifics are confidential, but the studio is currently 55 developers. Clearly, this was a very difficult process as we sought a future for the studio outside of Sumo.”

Looking ahead, Daly expressed optimism about the studio’s direction, indicating that The Chinese Room will be focusing on a diverse array of projects. “We are continuing to work on original IP as well as with partner IP – just as we have been with Still Wakes the Deep developed alongside Vampire: The Masquerade – Bloodlines 2 with Paradox Interactive,” he elaborated.

Currently, The Chinese Room is engaged in the development of two intellectual properties, marking a pivotal moment in its evolution as an independent entity. The MBO has also prompted some internal promotions, with John McCormack ascending to the role of studio creative director from art director, and Ross Manton stepping up from senior executive producer for Vampire: The Masquerade – Bloodlines 2 to production director.

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The Chinese Room completes management buyout