THQ Nordic Acquires Gunfire Games, Milestone; New Saints Row Game in Development, While Dead Island 2 Changes Studio Again

THQ Nordic Acquires Gunfire Games, Milestone; New Saints Row Game in Development, While Dead Isle ii Changes Studio Again

THQ Nordic published its Q1 2019 financial report this morning. The finance team will analyze it afterward, just in the meantime, there were some rather big game-related announcements that were posted alongside the financials.

To begin with, THQ Nordic once more caused a bunch of new studios, the biggest ones being Gunfire Games (Darksiders III, Chronos, Remnant: From the Ashes) and Milestone (MotoGP, MXGP, Ride).

The buy price for Gunfire Games won't be disclosed, as per the press release, though THQ Nordic did analyze information technology expects to recoup costs of the conquering inside three to four years. The visitor too stated the intent to support the team'southward 'exciting future pipeline' starting with Remnant: From the Ashes, fifty-fifty though that game is published by Perfect World Amusement.

Lars Wingefors, CEO of THQ Nordic AB, said in a statement:

With the acquisition of Gunfire Games, we are strengthening THQ Nordic's footprint in the US and are adding an experienced and talented evolution squad that we know very well from having collaborated on Darksiders. Gunfire volition contribute with premier development expertise to the group with realizable synergies from solar day one. It is with great anticipation of future projects nosotros now welcome the team to the THQ Nordic family.

David Adams, CEO of Gunfire Games, added:

Having worked together on the development of Darksiders, we are confident that condign part of THQ Nordic is a neat next step for Gunfire. I believe that the experience and publishing capabilities of THQ Nordic will be of import in supporting our growth journey and enabling us to continue doing what nosotros love – making great games. We are excited to continue working together going forward.

The Italian studio known for racing games, on the other hand, was acquired through subsidiary Koch Media for an upfront purchase cost of €55.8 million with an additional earn-out consideration (based on earnings before interests or taxes, or EBIT) that tin guarantee up to additional €37.6 1000000.

Lars Wingefors, CEO of THQ Nordic AB, said in a statement:

Milestone has developed racing games for 25 years now and is leading the ii-wheel racing game genre today. With 50 developed games since inception, 8 one thousand thousand copies sold since 2013 and five games under development I am convinced that Milestone volition see continued success in the future. I am thrilled to welcome Luisa and her experienced team to the THQ Nordic grouping.

Luisa Bixio, CEO of Milestone, added:

As one of the leading companies in the racing games industry, we have assembled an experienced squad and a large and growing portfolio of titles that we believe will fit perfectly with, and benefit from, THQ Nordic'southward network of evolution studios and publishing capabilities. Nosotros are very happy to become part of THQ Nordic and look forwards to continuing our growth journey together.

Lastly, Wingefors too provided a pregnant update on the status of upcoming Deep Silver titles. Volition was said to be in 'deep development' of a make new Saints Row game, while Deep Silver Dambuster (Homefront: Revolution) will now take the reins of the Dead Island franchise equally well as the development of Dead Island ii, which changes easily for the second time afterwards passing to Sumo Digital from Yager.

Timesplitters fans also have cause to rejoice as ane of the series creators, Steve Ellis, will now take care of 'charting the time to come course of the franchise'. Hopefully, that means either a remake or a new installment is underway.

Overall, it's fair to say THQ Nordic continues to practise some of the boldest moves in the games industry. In the previous two quarters lone, they acquired Piranha Bytes (ELEX) and Warhorse Studios (Kingdom Come: Deliverance). This February, they raised $225 million specifically to continue acquiring studios and IPs, which suggests they're far from done.

Source: https://wccftech.com/thq-nordic-acquires-gunfire-games-milestone-new-saints-row-game-in-development-while-dead-island-2-changes-studio-again/

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