Warhorse Studios Acquired by THQ Nordic
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Warhorse Studios released their open-world historical RPG Kingdom Come: Deliverance roughly a year ago. The game was published by Deep Silver, a subsidiary of Koch Media, which in turn is owned by THQ Nordic. And seeing how Kingdom Come has managed to ship over 2 million units in a year, THQ Nordic decided to make that partnership permanent and acquire Warhorse Studios for €33.2 million. This GamesIndustry.biz article has some additional details. An excerpt:
The deal was announced exactly one year after the launch of the Prague-based developer's debut game. In that time, Kingdom Come: Deliverance has sold 2 million units across all platforms.
"We began as a small start-up with a handful of employees who were enthusiastic enough to join this challenging project," said Warhorse CEO Martin Fryvaldsky in a statement. "We believe that backing by THQ Nordic and Koch Media will give us an extra push in our mission to bring exciting games to our customers and extend the frontiers of the gaming industry."
The deal encompasses both the Warhorse team and all of its intellectual property. According to THQ Nordic, the studio earned €42 million in revenue in 2018, with pre-tax earnings of €28 million.
