Reunited, and it feels so just right.
THQ Nordic – writer of de Blob, which is getting a Switch remaster later this 12 months – has purchased Koch Media, which owns the Saints Row, Metro, and Dead Island franchises, in a €121 million deal.
Koch Media itself runs Deep Silver (Dead Island and Metro writer), Volition (Saints Row developer) and Dambuster Studios (Homefront: The Revolution developer), all of which can come below the THQ Nordic umbrella.
There are not any plans to restructure following the purchase, nor any “cost saving measures” at the horizon, suggesting that layoffs are not likely.
The authentic THQ filed for chapter in 2012, and the corporate was once dissolved the following 12 months. At the time, Koch Media purchased Saints Row developer Volition, and and the publishing rights to the Metro sequence. Nordic Games additionally bought numerous THQ IPs and re-branded to THQ Nordic in 2016.
It additionally signifies that positive franchises now have the possible to be reunited with their developer – as an example, THQ Nordic now owns each the rights to Red Faction, and Red Faction: Guerrilla developer Volition.
“Koch Media has a long history of profitability despite losses incurred from some less successful game releases,” says THQ Nordic CEO, Lars Wingefors.
“THQ Nordic is satisfied that the advance studios of Deep Silver as a part of THQ Nordic will effectively ship a minimum of 4 ongoing AAA sport initiatives together with Metro Exodus in addition to the following Volition Studio AAA liberate and the following Dambuster Studio AAA liberate, along side numerous different sport construction and publishing titles.”
Koch Media CEO, Dr. Klemens Kundratitz, added, “I strongly consider that THQ Nordic is a brilliant strategic are compatible with Koch Media. In addition to having lengthy revel in inside video games construction and publishing, THQ Nordic has the talents, willingness and capital to ship enlargement sooner or later.”
Kundratitz will retain his place as CEO and turn out to be a THQ Nordic shareholder. The remaining of the transaction is predicted to happen later as of late.
Shabana is a contract creator who enjoys JRPGs, wine, and now not completing video games. Follow her on Twitter.