The publisher of Dead Island, Metro and Saints Row has been acquired by THQ Nordic for a whopping R1,76 billion. This includes all of Koch Media’s assets, studios, intellectual properties, and licenses. This also includes films, which are created “primarily for German and Italian speaking territories.” Some of the stand-out studios snapped up by THQ Nordic include Volition, creators of the Saints Row series; Dambuster, developers of Homefront, and Fishlabs Entertainment, also known for the Galaxy on Fire series.
Klemens Kundratitz, Koch Media CEO, who will continue in his role as chief executive said that he “strongly believe that THQ Nordic is a great strategic fit with Koch Media. In addition to having long experience within games development and publishing, THQ Nordic has the skills, willingness and capital to deliver growth in the future.”
The CEO THQ Nordic, Lars Wingefors, indicated that Koch’s studios will operate as normal with both Volition and Dambuster working on new, unannounced AAA games in addition to 4A’s Metro Exodus.
“Koch Media has a long history of profitability despite losses incurred from some less successful game release. 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.”
With Biomutant announced last year and Darksiders 3 in the pipeline, along with an extensive list of other titles such as Titan Quest, MX vs ATV, Red Faction, Destroy All Humans, Aquanox, ELEX, Jagged Alliance, SpellForce, The Guild, etc. THQ Nordic sure must have some ambitious projects on the horizon with the acquisition of Koch Media, or couldn’t resist the opportunity to capiltalise on existing IPs and perhaps take it to new heights.
Source: THQ Nordic