Avalanche Studios, the Swedish developer known for Just Cause, Mad Max and Rage 2, has been acquired. Entertainment company Nordisk Film has bought all of Avalanche's shares, which Avalanche calls a "historic deal".
Nordisk Film had already acquired a minority shareholding in Avalanche last year, and the company now pays another 89 million euros to buy the remaining shares. This is reportedly the "biggest single acquisition" in the 111-year history of Nordisk Film.
Nordisk film director Mikkel Weider said in a statement that Avalanche impressed the company in part because of its "world-class team" and a corporate culture that coincides with Nordisk's. "It also has a unique basic Technology, exciting new titles in development, and a strong IP in The Hunter franchise. "
The Hunter is Avalanche's lesser-known, but very popular video game hunting series, according to Avalanche, Nordisk Film will not interfere with Avalanche's main rules "The strategy of Avalanche Studios will remain unchanged," said the developer Avalanche, which was founded in 2003, employs 320 people in its offices in Stockholm and New York City, and earlier this week Avalanche opened a third studio in Malmö, Sweden Founders Christofer Sundberg and Linus Blomberg will remain with Avalanche in the course of the buyout.
No rdisk Film has already made significant investments in the gaming business by investing money in its studios through Flashlub Games, Kogama and Reto Moto, among others. Nordisk Film Games Label. Outside of games, Nordisk has partnered with movie giants like DreamWorks, Lionsgate, and others to distribute their films in parts of the world.
Avalanche's current project is Rage 2, which it is developing in partnership with ID Software. The game is scheduled for release in 2019 for PlayStation 4, Xbox One and PC.