THQ Nordic acquires Piranha Bytes (Gothic, Risen, ELEX)

mazi

Member
Oct 27, 2017
31,492
https://gematsu.com/2019/05/thq-nordic-acquires-piranha-bytes
THQ Nordic has acquired Piranha Bytes, the studio behind the Gothic, Risen, and Elex series, the company announced.

The acquisition includes the development studio and all intellectual property rights. THQ Nordic and Piranha Bytes have agreed upon not disclosing the purchase price, but stated, “the purchase price equals c. three years of what management’s estimated royalty payments to Piranha for upcoming titles would have been, if the acquisition had not occurred.”

Piranha Bytes will remain an independent game development studio under the newly formed entity Piranha Bytes GmbH. The team will continue to focus on game development and have “full creative freedom in doing so,” whereas THQ Nordic will act as the studio’s publisher. The studio will continue to be led by CEO Michael Ruve and head of games Bjorn Pankratz, and all active owners will remain in their current roles.

Lars Wingefors, Group-CEO THQ Nordic AB

“Piranha Bytes is one of the most iconic german game studios and the creators of RPG´s Gothic, Risen and, more recently, Elex. The three strong IPs have proven successful and will be great additions to our portfolio. We look forward bringing Piranha team into the family which has received legendary status across the RPG community as their fan base cherishes their current games and eagerly anticipates their new titles in the future.”

Michael Ruve, CEO Piranha Bytes

“We have a successful and long-standing relationship with THQ Nordic and are very excited to join the group. THQ Nordic has unparalleled experience and capabilities in games development and publishing, and we are convinced they are the perfect partner to support Piranha in taking the studio to the next level. We see a unique opportunity to continue to develop great, memorable and impactful RPG games, now being part of the THQ Nordic family.”
 
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Silky

Banned
Oct 25, 2017
10,522
Georgia
Elex is one of the finest RPGs to release this generation, without a doubt. Here's hoping it's business as usual for that team following the acquisition.

Shame about the publisher tho
 

Hayama Akito

Member
Oct 25, 2017
807
Sometimes I think THQ Nordic is a big, giant money laundering machine or something like that. I don't have proof but also no doubts.
 

Toxi

The Fallen
Oct 27, 2017
10,600
Welp, there goes my chance of buying anything new by Piranha Bytes.
 
Apr 23, 2018
69
the guy who owns the parent company has a lot of money.
Doesn’t seem like they’ve been releasing a lot of hits tho.
I know they're releasing a buttload of remasters, but I can't imagine their sales numbers being that high. Money laundering?
Same. Even with deep silver how many copies of kingdom come or darksiders 3 did they sell.
Just saw the report on the other thread. Never knew kingdom sold 2 millions copies. That’s a good amount for a first game from warhorse.
 

rhandino

Member
Oct 25, 2017
1,581
Hopefully they get more money. A lot of their games problems could be solved with more time and funding tbh
 

DarkDetective

Member
Oct 25, 2017
3,059
The Netherlands
Doesn’t seem like they’ve been releasing a lot of hits tho.

Same. Even with deep silver how many copies of kingdom come or darksiders 3 did they sell.
Kingdom Come has sold over 2 million units. Metro Exodus is probably above 1 million now as well. However, one big source of money you may not have thought about is the stock market. They basically sold themselves, and they keep making more shares to sell, get money (last round was $225m), and invest that in more projects and more acquisitions.
 
OP
OP
mazi

mazi

Member
Oct 27, 2017
31,492
Doesn’t seem like they’ve been releasing a lot of hits tho.
i guess they're thinking long-term.
don't forget that the parent company handles distribution of some of the biggest 3rd titles in europe. a lot of 3rd party publishers (capcom, SE, koei tecmo, bethesda, sega, etc) rely on them to release their games in europe, that must make them quite a bit of money.
 

sredgrin

Member
Oct 27, 2017
5,689
They are able do this because their games are also modest in budget guys it's not that difficult to parse.
 

Pooroomoo

Member
Oct 28, 2017
3,236
Doesn’t seem like they’ve been releasing a lot of hits tho.

Same. Even with deep silver how many copies of kingdom come or darksiders 3 did they sell.
Not exactly the same, but look at it this way - Capcom expects a FY with higher sales than last year without any new games (except a MH DLC), so in a large part based on ports and its back catalog sales - this is (I think) somewhat similar to THQ Nordic strategy. Plus Koch Media is the publisher for nearly everything in Europe.
 

takoyaki

Member
Oct 25, 2017
1,282
Happy for Piranha Bytes, even if was THQ Nordic who bought them :/

According to Wikipedia, PB got the rights back to the Gothic IP a while ago. Risen and Elex have their fans, but Gothic has always been the fan favorite imo. This acquisition might be the chance we finally get a new Gothic game with proper funding that could grow the franchise outside of Europe or at least some quality remakes.
 
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DaciaJC

Member
Oct 29, 2017
2,891
According to Wikipedia, PB got the rights back to the Gothic IP a while ago. Risen and Elex have their fans, but Gothic has always been the fan favorite imo. This acquisition might be the chance we finally get a new Gothic game with proper funding that could grow the franchise outside of Europe or at least some quality remakes.
I've heard very good things about the Gothic series, especially in terms of quest design. It'd be nice if we got a modern entry for those who haven't been able to play the previous games.
 
Apr 23, 2018
69
i guess they're thinking long-term.
don't forget that the parent company handles distribution of some of the biggest 3rd titles in europe. a lot of 3rd party publishers (capcom, SE, koei tecmo, bethesda, sega, etc) rely on them to release their games in europe, that must make them quite a bit of money.
Not exactly the same, but look at it this way - Capcom expects a FY with higher sales than last year without any new games (except a MH DLC), so in a large part based on ports and its back catalog sales - this is (I think) somewhat similar to THQ Nordic strategy. Plus Koch Media is the publisher for nearly everything in Europe.
I forgot they publish a bunch of games in Europe. Heck their even publishing Shenmue 3.
 

Hailinel

Member
Oct 27, 2017
21,349
Well, shit.

Also, man, we are a millennium away from the age everyone here celebrated THQ Nordic buying up devs and IPs left and right.
 

peter42O

Alt Account
Banned
Apr 21, 2019
306
Was always interested in Elex but the bad gameplay and combat system turned me off from trying it. Hopefully, THQ Nordic gives them a good amount of money, time and resources for their current/next game.
 

DarkDetective

Member
Oct 25, 2017
3,059
The Netherlands
i guess they're thinking long-term.
don't forget that the parent company handles distribution of some of the biggest 3rd titles in europe. a lot of 3rd party publishers (capcom, SE, koei tecmo, bethesda, sega, etc) rely on them to release their games in europe, that must make them quite a bit of money.
Almost $62 million just on distribution of those third-party games in the last quarter (Jan-Mar).
 
Oct 27, 2017
548
I deadass still cant believe these dumb fucks held an AMA on 8chan even after the second they posted about it everyone went "Holy shit fuck no". The sheer gall they actually had to not only continue with it but make a tweet basically saying they got a guy to handle the gross stuff is fucking amazing
 

Pasha

Member
Jan 27, 2018
1,606
Sometimes I think THQ Nordic is a big, giant money laundering machine or something like that. I don't have proof but also no doubts.
I know they're releasing a buttload of remasters, but I can't imagine their sales numbers being that high. Money laundering?
Doesn’t seem like they’ve been releasing a lot of hits tho.

Same. Even with deep silver how many copies of kingdom come or darksiders 3 did they sell.
Just saw the report on the other thread. Never knew kingdom sold 2 millions copies. That’s a good amount for a first game from warhorse.
Man these comments are fucked up to see to be honest. Jim Sterling has been preaching about how the modern AAA publishers are not just content with getting some money, but they want ALL the money, ALL the money that can be possibly had in this industry and nothing less than that would be enough, and now here we are, when one publisher is actually content with making some money and not ALL the money possible people start thinking that the publisher is actually a fucking money laundering scheme. THAT is how much the modern AAA publisher greed has been normalized in gaming community. It's fucking insane!
 

Genryu

Avenger
Oct 25, 2017
527
Man these comments are fucked up to see to be honest. Jim Sterling has been preaching about how the modern AAA publishers are not just content with getting some money, but they want ALL the money, ALL the money that can be possibly had in this industry and nothing less than that would be enough, and now here we are, when one publisher is actually content with making some money and not ALL the money possible people start thinking that the publisher is actually a fucking money laundering scheme. THAT is how much the modern AAA publisher greed has been normalized in gaming community. It's fucking insane!
I mean, if they're fine with homophobia, white nationalism, and child pornography I wouldn't be surprised if they were also okay with money laundering.
 

Reinhard

Member
Oct 27, 2017
3,630
I know they're releasing a buttload of remasters, but I can't imagine their sales numbers being that high. Money laundering?
Maybe the guy who owns the parent company is a big fan of forgotten AA releases and wants re-release them plus new AA games no matter if they actually make money.
 

Sander VF

The Fallen
Oct 28, 2017
10,623
Tbilisi, Georgia
Man these comments are fucked up to see to be honest. Jim Sterling has been preaching about how the modern AAA publishers are not just content with getting some money, but they want ALL the money, ALL the money that can be possibly had in this industry and nothing less than that would be enough, and now here we are, when one publisher is actually content with making some money and not ALL the money possible people start thinking that the publisher is actually a fucking money laundering scheme. THAT is how much the modern AAA publisher greed has been normalized in gaming community. It's fucking insane!
I think it's just general disdain in light of THQ Nordic's recent actions.
 

El-Suave

Member
Oct 27, 2017
2,259
It’s cool, if you see the „offices“ where their game has been made, they can put any money they get to good use.
I just hope THQ doesn’t collapse one day because it would take down vast parts of Europe‘s development and publishing landscape with it.
 

Toxi

The Fallen
Oct 27, 2017
10,600
Man these comments are fucked up to see to be honest. Jim Sterling has been preaching about how the modern AAA publishers are not just content with getting some money, but they want ALL the money, ALL the money that can be possibly had in this industry and nothing less than that would be enough, and now here we are, when one publisher is actually content with making some money and not ALL the money possible people start thinking that the publisher is actually a fucking money laundering scheme. THAT is how much the modern AAA publisher greed has been normalized in gaming community. It's fucking insane!
I’m not sure spending mostly on studio acquisitions is supposed to look like restraint.
 

Nolbertos

Member
Dec 9, 2017
1,323
THQ trying to rival EA in Europe buying studios left and right. All thats left is for them to buy the CD Project Red and the Witcher series and they’ll have a good portfolio of games to release.
 

Imitatio

Member
Feb 19, 2018
3,504
I love how THQ turns into this AA release factory. Good to see. Hoping for more financial backing for those teams.
 

L Thammy

Spacenoid
Member
Oct 25, 2017
17,387
I deadass still cant believe these dumb fucks held an AMA on 8chan even after the second they posted about it everyone went "Holy shit fuck no". The sheer gall they actually had to not only continue with it but make a tweet basically saying they got a guy to handle the gross stuff is fucking amazing
The guy they got to handle the gross stuff was the board owner. The head admin of 8chan's /v/ or something like that. So I wonder how that went.

"'Hey Mark, we want to do an AMA on your site, but I hear there's uh, gross stuff there. Can you remove that?"
"Sure! Oh, but there's going to be a big link for /trapshota/ - lolis with a few extra inches on the top of the page. And people might be posting Nazis and crusaders and shit."
"Sounds good!"