Starbreeze Announces It Has Paid the Majority of Creditors
Starbreeze appears to be on the upwards after an official annunciation has been published detailing that the developer and publisher has paid off most of its creditors. The company has been backside titles such equally Payday two, Dead by Daylight, and OVERKILL's The Walking Dead.
"Starbreeze has through these payments settled all debts categorized as Supplier creditors and Small supplier creditors who were included in the reorganization plan." the announcement reads, "After this debt settlement, only part of the debt to Nordea and debt related to Convertible bond and related refinancing costs remain."
With OVERKILL's The Walking Dead, the company had high expectations back in 2022 for the get-go-person shooter'due south launch that's based on the comic book of the same name. Unfortunately, the game didn't exercise well, underperforming at launch, and resulted in Starbreeze having to review its costs. This also saw the visitor, in 2022, file for reconstruction with CEO Bo Andersson stepping downwards.
2018 also saw the visitor raided by Swedish authorities after it was under suspicion of insider trading. Terminal year, Starbreeze appear that it didn't have the money to continue operating through the year unless drastic changes were made. It seems those changes take been paying off. As GamesIndustry.biz highlights, the visitor has made huge changes such as selling the publishing rights toOrganisation Stupor 3,10 Crowns, and saw Rockstar acquire Dhruva Interactive from Starbreeze. It was also reported that it had laid off a quarter of its staff in June terminal year.
In October of this twelvemonth, CEO Mikael Nermark likewise stepped downwards from the company for personal reasons and has been replaced by acting CEO Tobias Sjögren. Information technology was also appear in October thatPayday threewould be released erstwhile between 2022-2023.
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It seems as if the company could very well accept paid off its debts past the time the side by sidePaydaytitle launches, just information technology's no lie that the journey has been an incredibly rocky i that information technology seems to be slowly recovering from.
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Source: https://www.dualshockers.com/starbreeze-announces-majority-of-creditors-have-been-paid/
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