# Giana Sisters developer Black Forest Games buys itself out of Embracer: ‘Some of the best games of the last decade came from teams of fifty, not five hundred’

- URL: https://talkfuse.com/story/giana-sisters-developer-black-forest-games-buys-itself-out-of-embracer-some-of-the-best-games-of-the-last-decade-came-from-teams-of-fifty-not-five-hundred/
- Published: 2026-11-11T22:57:44+00:00
- Updated: 2026-11-11T23:22:30+00:00
- Original publisher: PC Gamer
- Original article: https://www.pcgamer.com/gaming-industry/giana-sisters-developer-black-forest-games-buys-itself-out-of-embracer-some-of-the-best-games-of-the-last-decade-came-from-teams-of-fifty-not-five-hundred/
- Topics: Software, Technology

## Key points

- Black Forest Games has left Embracer after a management buyout.
- The studio is launching the developer-led group Third Signal.
- It plans to work on a new project with partners.

## Summary

German developer Black Forest Games has bought itself out of Embracer Group, ending its nine-year period under the company’s THQ Nordic subsidiary. It is launching a new independent studio group, Third Signal, with plans to give development teams greater independence and creative freedom.

Black Forest Games is known for Giana Sisters: Twisted Dreams and remakes of the first two Destroy All Humans games. The studio lost about 50 staff in Embracer’s 2024 layoffs, and its planned Teenage Mutant Ninja Turtles: The Last Ronin game was cancelled before being revived as a project with PlatinumGames. Managing director Adrian Goersch said the studio now intends to shape its future as an owner and begin work on a new project with partners.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.