ZeniMax uses Bethesda Softworks to publish the projects from various studios, but those studios aren’t subsidiaries of Softworks.
The only Softworks subsidiary is Bethesda Game Studios, the other studios are under ZeniMax directly.
How much pressure Softworks may have as a publisher over those studios is much more questionable compared to the Bethesda Game Studios games because of that difference.
ZeniMax uses Bethesda Softworks to publish the projects from various studios, but those studios aren’t subsidiaries of Softworks.
The only Softworks subsidiary is Bethesda Game Studios, the other studios are under ZeniMax directly.
How much pressure Softworks may have as a publisher over those studios is much more questionable compared to the Bethesda Game Studios games because of that difference.