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THQ Nordic acquires Elex developer Piranha Bytes

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I hope they replaced everyone that had the absolutely dreadful decision to do an AMA on 8chan at THQ Nordic.



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Lafiel said:
I hope they replaced everyone that had the absolutely dreadful decision to do an AMA on 8chan at THQ Nordic.

I'm still shocked 8chan exists in the first place.



JEMC said:
Mnementh said:

They are quite good managing money. They port a lot and make remasters and rereleases. This is cheap to do but usually brings in good money. And all the studios they buy are small, Piranha Bytes has 30 employees.

The one thing I don't understand to this day is how they could aquire Koch Media. Koch is really big (800 people). This was a pretty big fish to swallow. How Nordic was able to do that is beyond me. Small studios like Piranha Bytes is another thing.

It's the rate at which they're buying studios that really surprises me. Now it's Piranhya Bytes, in February was Warhorse Studios. in January was the rights of the game Outcast, in Dacember was Carmaggedon, in November was developer Bugbear and the rights of the Expeditions games, and the list keeps growing.

They seem to be in a rush to buy as many studios/game rights as they can.

But yeah, they're good at managing their money.

That gives me a feeling of déjà vu from about 15 years ago, though I can't put my finger on the name. Just remember that they bought studios left and right and then went bust couple years later because they burnt through all their money and the gamers didn't like the changes to the studios and game series.



Bofferbrauer2 said:
JEMC said:

It's the rate at which they're buying studios that really surprises me. Now it's Piranhya Bytes, in February was Warhorse Studios. in January was the rights of the game Outcast, in Dacember was Carmaggedon, in November was developer Bugbear and the rights of the Expeditions games, and the list keeps growing.

They seem to be in a rush to buy as many studios/game rights as they can.

But yeah, they're good at managing their money.

That gives me a feeling of déjà vu from about 15 years ago, though I can't put my finger on the name. Just remember that they bought studios left and right and then went bust couple years later because they burnt through all their money and the gamers didn't like the changes to the studios and game series.

Well, the known mid-range publishers that went completely or partially bust is not that large. THQ, Atari, Majesco, and Midway come to mind, but neither had a studio buying rush beforehand as far as I remember, but Majesco and THQ bought up plenty of licenses before going under, so that might be. I remember Majesco focusing and investing heavily at first into the PSP and the Advent series but neither worked out for them.



hunter_alien said:
Bofferbrauer2 said:

That gives me a feeling of déjà vu from about 15 years ago, though I can't put my finger on the name. Just remember that they bought studios left and right and then went bust couple years later because they burnt through all their money and the gamers didn't like the changes to the studios and game series.

Well, the known mid-range publishers that went completely or partially bust is not that large. THQ, Atari, Majesco, and Midway come to mind, but neither had a studio buying rush beforehand as far as I remember, but Majesco and THQ bought up plenty of licenses before going under, so that might be. I remember Majesco focusing and investing heavily at first into the PSP and the Advent series but neither worked out for them.

I checked, and I think the Publisher was... THQ!

THQ bought a ton of studios before the financial crisis (6 studios alone in 2006), but got hit badly by the crisis. And since they burnt all their money in acquisitions, they didn't have any reserves for the crisis, and had to file for chapter 11 in 2012. So maybe that just comes with the name.

Although Nordic games already was on a shopping spree long before they acquired the THQ brand name for themselves. And it's long enough to even warrant it's own Wikipedia page: https://en.wikipedia.org/wiki/List_of_acquisitions_by_THQ_Nordic

Also funny how this closes the circle: Their first acquisition (still just as Nordic games) was JoWood, the owner of the Gothic brand. Now with Piranha Byte, they also have it's creators.



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Bofferbrauer2 said:

Also funny how this closes the circle: Their first acquisition (still just as Nordic games) was JoWood, the owner of the Gothic brand. Now with Piranha Byte, they also have it's creators.

My memory is not as it used to be, but didn't PB got the rights to Gothic back quite some time ago?



Mnementh said:
JEMC said:

It's the rate at which they're buying studios that really surprises me. Now it's Piranhya Bytes, in February was Warhorse Studios. in January was the rights of the game Outcast, in Dacember was Carmaggedon, in November was developer Bugbear and the rights of the Expeditions games, and the list keeps growing.

They seem to be in a rush to buy as many studios/game rights as they can.

But yeah, they're good at managing their money.

Yeah, but the number of studios they aquire is not so impressive, if you look how small they all are. I think only Warhorse had more than 100 employees. All other are a lot smaller. Koch Media are over 1000 employees, and I am not sure it includes all the studios from Koch like Deep Silver, Volition and Fishlab.

Those studios may not be big, but according to their financial report, they have a total of 80 games in development, 48 of them unannounced. So they can't be that small either.



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JEMC said:
Mnementh said:

Yeah, but the number of studios they aquire is not so impressive, if you look how small they all are. I think only Warhorse had more than 100 employees. All other are a lot smaller. Koch Media are over 1000 employees, and I am not sure it includes all the studios from Koch like Deep Silver, Volition and Fishlab.

Those studios may not be big, but according to their financial report, they have a total of 80 games in development, 48 of them unannounced. So they can't be that small either.

Yeah, with a lot of small studios you get a lot of small games. And this report includes Koch and all it's studios.



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Crytek didn't buy as much but they did go expansion crazy. They ended up restructuring after they couldn't even pay their employees. Closed or sold off a bunch of studios and IP. One of those studios was only open a year, which is kind of crazy to think about.



HoloDust said:
Bofferbrauer2 said:

Also funny how this closes the circle: Their first acquisition (still just as Nordic games) was JoWood, the owner of the Gothic brand. Now with Piranha Byte, they also have it's creators.

My memory is not as it used to be, but didn't PB got the rights to Gothic back quite some time ago?

Not fully.

JoWood made a Gothic 4 without their involvement (and dropping the Gothic name of Gothic 4 years later) pretty much killed the franchise. Of course, JoWood retained the rights to Gothic 4 since they made it themselves, further complicating the issue.