Avalanche Studios Partners with Leading Nordic Entertainment Company
STOCKHOLM, APRIL 24, 2017 – Leading open world game developer Avalanche Studios (Just Cause, Mad Max, theHunter) partners with Nordisk Film, a leading Nordic entertainment company. Nordisk Film will invest more than USD 10M for a minority ownership share in Avalanche Studios.
With the investment from Nordisk Film, Avalanche Studios will be able to accelerate its growth in the international gaming market.
Founded in 2003 by Christofer Sundberg and Linus Blomberg, Avalanche Studios has established itself on the forefront of open world game development. It creates games based on unique, proprietary technology named Apex – Avalanche Open World Engine. The studio 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 Pim Holfve, CEO of Avalanche Studios. “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 has founded Nordisk Film Games with an ambitious growth strategy of investing in Nordic gaming 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 Allan Mathson Hansen, CEO of Nordisk Film, who will join Avalanche Studios’ Board of Directors. “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, and most recently released Just Cause 3 (published by Square Enix). Just two months earlier, it released Mad Max (published by Warner Bros. Interactive Entertainment). The studio has also created acclaimed twin stick shooter Renegade Ops (published by SEGA), self-published free-to-play service theHunter Classic (developed by subsidiary Expansive Worlds) with more than 7 million registered players across 190 countries, as well as theHunter: Call of the Wild. Avalanche Studios, which is based in Stockholm and New York City, was founded in 2003 by Christofer Sundberg and Linus Blomberg. The studio develops games created using the proprietary Apex – Avalanche Open World Engine, enabling huge open worlds filled with emergent gameplay. Learn more at www.avalanchestudios.com.
About Nordisk Film
Founded in 1906, Nordisk Film is the leading producer and distributor of films in the Nordic countries and operates the largest cinema chains in Denmark and Norway. Nordisk Film has digital businesses within gift cards, ticketing services, computer games development and eSports and is the distributor of PlayStation in the Nordic and Baltic countries. Nordisk Film is part of Egmont – a leading media group in the Nordics with 6,200 employees and activities in 30 countries. These include Egmont Publishing, which publishes more than 700 magazines, TV 2 in Norway and several book publishers. Egmont is a commercial foundation that generates revenue amounting to EUR 1.6 billion and donate more than EUR 13 million a year to help improve the lives of children and young people.
Press Contacts
Thomas Wiborgh, Head of Communications, Avalanche Studios
thomas.wiborgh@avalanchestudios.com
Jesper Eising, Head of Press, Nordisk Film/Egmont
jesper.eising@egmont.com
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