Embracer Group has bad news for the Star Wars: KOTOR Remake

It's starting to look like the development of the Star Wars: Knights of the Old Republic Remake has stalled completely.

Things have gone from bad to worse for Embracer Group's remake of Star Wars: Knights of the Old Republic. Previously, we reported that the game had already been canceled. Now, it appears that this is all but confirmed already.

Darth Revan's return to prominence might have to wait a little longer.

Embracer Group CEO, Lars Wingefors, was recently asked about the upcoming PlayStation 5 exclusive remake at an investor meeting. But, instead of talking about it, Wingefors refused to spill more details, saying "no further comments."

Because of this, fans are left with more questions than answers nearly two years after the game's initial confirmation.

Embracer Group is a big company that has the resources to make the remake happen, so we're somewhat surprised that it's still not close to being finished yet.

The ideal scenario was Embracer Group and whichever studio is working on the KOTOR Remake would join the barren slate of PlayStation exclusives that were part of Sony's first PlayStation Showcase since September 2021. Instead, we caught wind of the game's potential status just days before the event and it isn't looking good.

Last year, Aspyr Media had reportedly postponed the development of the game with Saber Interactive later taking over.

Since then, the only news we've had about the KOTOR Remake is that it's probably no longer coming out.

In contrast, there were plenty of reports about Aspyr Media working on a KOTOR Remake before its official reveal. What could've happened between September 2021 and now? Only Embracer Group knows.

Embracer Group is likely in cost-savings mode as it tries to recoup its recent and massive loss.

Things aren't looking well for Embracer Group as a whole either. The company is still reeling from the effects of a botched $2 billion deal, which resulted in a massive free fall of its stock price. The stock price now sits at a massive 72.32% drop if you compare it to its price last year.

This unfortunate turn of events will likely send Embracer Group back to the drawing boards and come up with a plan to recover from this deficit.

As for the KOTOR Remake, don't hold your breath. With Embracer Group refusing to give an update, it's safe to say that it's stuck in development hell.

But, hey, at least Star Wars Jedi: Survivor is out, with Ubisoft's open-world Star Wars title scheduled for a release sometime next year.

Ray Ampoloquio
Ray is a lifelong gamer with a nose for keeping up with the latest news in and out of the gaming industry. When he's not reading, writing, editing, and playing video games, he builds and repairs computers in his spare time. You can find Ray on Twitter.