In a historic deal, the entertainment company Nordisk Film will acquire all shares and become the new owners of Avalanche Studios. This is the single largest acquisition in Nordisk Film’s 111-year history and is part of its strategy of investing heavily in successful Nordic game studios.
"We have been minority owners of Avalanche Studios for a year, and are already impressed by their results", said Mikkel Weider, Managing Director at Nordisk Film Games. "During its 15 years in business, Avalanche Studios has built a world-class team and created a unique company culture that perfectly matches our own values. It also has a unique foundational technology, exciting new titles in development and a strong IP in the theHunter franchise". Under Nordisk Film’s ownership, Avalanche Studios’ strategy will remain unaltered. It will continue as a creatively independent game studio, developing its own IP’s, as well as catering to third-party publishers and license holders. Following the deal, co-founders Christofer Sundberg and Linus Blomberg will remain at Avalanche Studios, focusing on the creative and technical aspects of its games development. The management team, with CEO Pim Holfve at the helm, will also continue unchanged.
"We have had a fantastic year with Nordisk Film as part of Avalanche Studios," commented Pim Holfve, CEO of Avalanche Studios. "We’ve grown and matured at a pace which was previously not possible. Even though we’ll continue to operate as an independent studio, Nordisk Film will – with a century of experience from growing creative businesses – provide us with a more solid foundation. I could not be happier to have them on-board."
"This is a milestone in our 15-year long history", added Christofer Sundberg, Chief Creative Officer and co-founder of Avalanche Studios. "We started from nothing and have built this incredible company, thanks to a team of exceptionally talented people. With Nordisk Film as the owner of the studio, we will expand our creative horizons. I look forward to continuing our long and successful relationships with the best publishers in our industry, as well as creating new games under our own Avalanche Studios publishing label."
Read the full update here.