Embracer-owned Gothic, Risen and ELEX developer Piranha Bytes closes

July 8, 2024
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Piranha Bytes, the Embracer-owned German studio behind the Gothic, Risen and ELEX series, has reportedly shut down.

The embattled publisher Embracer had been seeking a buyer for Piranha Bytes as part of its vast and brutal swathe of cost-cutting that saw multiple studios shut and more than 4500 people lose their jobs – though ultimately was unsuccessful.

Job losses at Piranha Bytes were first reported at the end of last year and the company acknowledged earlier this year “a difficult situation” as it faced potential closure. Now a fresh report today by German website GameStar has confirmed the studio formally shut at the end of June, with its leaders now founding a new indie studio.

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