Announced in a press release on Wednesday, THQ Nordic has purchased Koch Media in a deal worth 121 million euro. This also granted acquisition of Deep Silver, publisher of Dead Island, Saints Row, and most recently, Kingdom Come: Deliverance. Deep Silver currently has 3 development studios total: Deep Silver Volition in the US, Deep Silver Fishlabs in Germany, and Deep Silver Dambuster Studios in the UK. The deal brings the grand total of both companies now owning 17 announced IP’s (106 total IP’s) and boasting over 1,600 employees.
THQ originally closed its doors in early 2013 and had its assets bought by the likes of Koch Media and Nordic Games. Since nobody really knew who Nordic Games were, they re-branded to THQ Nordic to be more closely associated with the IP’s they had purchased. Thus, this means Saints Row and the Metro series are now back under a THQ name again.
The press release notes:
THQ Nordic will closely monitor and delegate resources to support Koch Media’s Games business in order to ensure quality and a healthy return on investment on its large in-house development projects.
For the investments that have proven less successful, Koch Media has undertaken significant write-downs during the past few years. The product portfolio and current stage of development of core titles in the pipeline provides a strong foundation for future cash flow and profitability for the group.
Lars Wingefors, CEO of THQ Nordic, stated:
Koch Media has a long history of profitability despite losses incurred from some less successful game releases. THQ Nordic is convinced that the development studios of Deep Silver as part of THQ Nordic will successfully deliver at least four ongoing AAA game projects including Metro Exodus as well as the next Volition Studio AAA release and the next Dambuster Studio AAA release, together with a number of other game development and publishing titles.
Well, that’s just dandy. This happens right after the Kingdom Come: Deliverance release, with an upcoming release for Shenmue 3 and Metro: Exodus. I sure hope those release time frames won’t be affected, as Metro: Exodus is just looking gorgeous enough I can’t wait any longer for it.
Well, geeks, what do you think of the news? Do you think it will affect the gaming industry positively, or is this a bad deal?