Swedish open world game developer Avalanche Studios partners with Nordisk Film, a leading Nordic entertainment company. Nordisk Film will invest more than 10 million USD for a minority ownership share in Avalanche Studios, with which the Stockholm-based developer plans to accelerate its growth in the international gaming market.
Founded in 2003 by Christofer Sundberg and Linus Blomberg, Avalanche Studios established itself on the forefront of open world game development with the Just Cause franchise. It creates games based on unique, proprietary technology and currently employs more than 270 people with offices in Stockholm and New York City.
“It’s great to have Nordisk Film on board as partner,” said Avalanche Studios CEO Pim Holfve. “With a solid background from a range of creative industries, they understand our business well and have a matching company culture. This investment allows us to further accelerate toward our goal of developing and self-publishing more high quality games.”
A leading film producer, film distributor and cinema operator in the Nordic region, Nordisk Film – owned by Danish media group Egmont – has founded Nordisk Film Games with an ambitious growth strategy of investing in Nordic games studios.
“I am excited that we have the opportunity of becoming co-owners of Avalanche Studios, which has a very solid and proven track record in the global gaming market,” commented Nordisk Film CEO Allan Mathson Hansen, who will join the Avalanche Studios board. “We are investing heavily in gaming and look forward to working with Avalanche Studios on bringing the company to the next level. Gaming fits our profile very well. We are used to working with creative people, commercializing creative products and developing IPs.”
About Avalanche Studios
Avalanche Studios is the original creator of the award-winning Just Cause franchise. The studio develops games created using proprietary technology, enabling huge open worlds filled with emergent gameplay.
Learn more at www.avalanchestudios.com.
About Nordisk Film Games
Nordisk Film is a leading Nordic entertainment company, distributor of Sony PlayStation products in the region and part of Egmont. Nordisk Film – Games is a new unit investing in Nordic game studios.
Learn more about Nordisk Film Games at www.nordiskfilm.com.