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Starbreeze acquires full rights to Payday franchise

NewsBot
in Backpage News

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Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced its agreement with 505 Games to acquire the full rights to the PAYDAY-franchise. The consideration for the acquisition amounts to 10.9 million B-shares in Starbreeze, equivalent to 30 MUSD (approx. 249 MSEK).

After the transaction Starbreeze will own the full rights to the PAYDAY-franchise for any future developments or commercialization, including PAYDAY 2 and PAYDAY for mobile platforms. Starbreeze will retain full net revenue from PAYDAY 2 on the Steam platform starting retroactively from May 1st, 2016. Revenue generated by the console game PAYDAY 2: Crimewave Edition will continue to be split between the companies as before, and 505 Games will continue to publish the title.

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