Comment Not often I think a corporate break-up is good. (Score 1) 14
But honestly this splitting makes sense even at a glance AND looking more closely? Like they tried to become another Devolver Digital and realized they just weren't cut out for that and are splitting things up into manageable and functional sections again.
The mega-huge licensed-IP stuff is wildly different from the mostly indie stuff that "does well but not LOTR well" and coffee stain always seemed like a PR-based side-hustle acquisition.
Likewise them acquiring a tabletop game company never made any sense at all.
I don't know if Asmodee will survive or not, depends if they Vulture Capitalist'ed it or not but that's... really not one I care about? Never did when they snagged it, don't either now that they're letting it go.
The "keep cranking out licensed IP sequels" company can focus on that, those series have really turned into the modern-day Madden franchises at this point mostly, so if anything their growth is limited but it's so huge it's safe.
And Coffee Stain is still a fair bit of an industry darling among players, not quite Zachtronics levels of good-will but respected and broadly a safe bet it'll survive and likely thrive just fine.