Avalanche Studios, creators of Just Cause and Mad Max has been acquired by Nordisk Film. Nordisk will obtain all shares and full ownership of Avalanche, its three studios and over 320 developers in the €89 million ($103 million) acquisition.
Avalanche CEO, Pim Holfve, told GamesIndustry:
“This was simply the right offer, at the right time, from the right company. We have worked closely with Nordisk Film as a minority owner for the past year, which has been a great experience. As good as we are at developing explosive open-world games, they have a 111-year history of working with companies within the creative industries, and bring with them a wealth of knowledge and experience.
Nordisk Film are also fully committed to our road map, and feel that Avalanche Studios are headed in the right direction, so they don’t want to mess with that. Being able to maintain our creative independence, while at the same time being acquired by stable, long-term owners is the best possible scenario, and I couldn’t be happier to have them onboard.”
Agreements with outside publishers that are already existing will continue as well, meaning that Avalanche will keep working on the recently announced Rage 2, and the door will open for both new publisher partnerships large and small.
Nordisk Film develops, produces and markets films and TV series across the Nordic region as well as providing production and post-production facilities for film producers. The company is reported to operate the leading cinema chain in Denmark and Norway and is also responsible for the distribution of PlayStation products in the Nordic and Baltic countries.