Krafton Inc., the publisher behind PUBG, has acquired Tango Gameworks, the studio behind the acclaimed rhythm action game Hi-Fi Rush, just before its planned closure by Microsoft. This acquisition secures the future of Hi-Fi Rush and its development team.

Krafton's Acquisition Saves Tango Gameworks and Hi-Fi Rush

The unexpected acquisition follows Microsoft's decision earlier this year to shutter Tango Gameworks, a move that surprised many given the critical success of Hi-Fi Rush. Krafton's purchase includes the Hi-Fi Rush IP, allowing Tango Gameworks to continue developing the franchise and explore new projects. Krafton will collaborate with Xbox and ZeniMax to ensure a smooth transition for the studio and its ongoing projects.

Krafton emphasized its commitment to supporting Tango Gameworks' innovation and delivering exciting experiences for fans. Importantly, the existing game catalog, including The Evil Within, The Evil Within 2, and Ghostwire: Tokyo, will remain unaffected and continue to be available on their respective platforms. This acquisition marks Krafton's first significant investment in the Japanese video game market.

Microsoft has confirmed its collaboration with Krafton to facilitate Tango Gameworks' continued game development.

While a Hi-Fi Rush sequel has been speculated upon following this news, no official announcement regarding Hi-Fi Rush 2 has been made. The acquisition, however, significantly increases the likelihood of future installments.

Hi-Fi Rush's success, including awards for Best Animation (BAFTA Games Awards) and Best Audio Design (The Game Awards and Game Developers’ Choice Awards), played a significant role in Krafton's decision. The acquisition signals Krafton's dedication to expanding its global presence and portfolio with high-quality content.

The future of Tango Gameworks and the Hi-Fi Rush franchise looks brighter than ever thanks to Krafton's strategic acquisition.