Source: Starbreeze AB
Press Release 29th of April 2015
Starbreeze AB, one of Sweden's leading independent game developers, today announced its console publishing agreement with Digital Bros owned subsidiary 505 Games. The agreement covers next-gen console adaptations of "OVERKILL's The Walking Dead" for the lifetime of the product and gives Starbreeze a license fee of 10 MUSD.
Once on the market, Starbreeze is entitled to royalties of console sales from "OVERKILL's The Walking Dead". The collaboration will also support Starbreeze in its intended commercialization on other platforms and media.
"OVERKILL's The Walking Dead", based on the hugely popular The Walking Dead-series created by Robert Kirkman, is currently under development by OVERKILL - A Starbreeze Studio. The game will deliver a completely new co-op experience to The Walking Dead-universe, exploring new characters and storylines.
"Partnering with 505 Games partner with us on the console publishing for 'OVERKILL's The Walking Dead' will streamline the distribution and marketing of the title in the traditional space and on the digital console marketplace. Having worked together before on the successful PAYDAY-franchise, we are certain this will be a fruitful collaboration." said Bo Andersson Klint, CEO of Starbreeze Studios.
"In the last few years Starbreeze has demonstrated an incredible capability for not only delivering great games but doing so profitably." Raphael Galante, CEO of Digital Bros commented "We believe that 'OVERKILL's The Walking Dead' represents a huge opportunity to duplicate, even eclipse the success PAYDAY 2 has enjoyed in the last few years by leveraging the existing business relationship between our two companies."
"OVERKILL's The Walking Dead" is slated for a 2016 release. The game is developed for PC, PlayStation 4 and Xbox One.
For more information please contact:
Starbreeze Press Contact: Almir Listo, Global Brand Director, Starbreeze AB. Tel: +46(0)8-209 208, email: firstname.lastname@example.org
Starbreeze Investor Relations Contact: Maeva Sponbergs, Investor Relations, Starbreeze AB. Tel: +46(0)8-209 208, email: email@example.com
Brief information about Starbreeze:
Starbreeze is an independent creator, publisher and distributor of high quality entertainment products, headquartered in Stockholm, Sweden. At Starbreeze we create games by our own design and through licensed content, establishing franchises that can live and prosper outside the game itself. We live and die by gameplay.
Starbreeze is pioneering digital self-publishing, currently hosting one of the largest community groups on the digital distribution platform Steam. Starbreeze most recent products include PAYDAY 2, our adrenaline fuelled bank robbing co-op game and the critically acclaimed Brothers - A Tale of Two Sons.
Starbreeze AB is publicly traded on Nasdaq Stockholm First North Premier under the ticker STAR and the ISIN code: SE0005992831. Remium Nordic is the company Certified Adviser. Starbreeze brands include OVERKILL Software and the PAYDAY series.
For more information, please visit http://www.starbreeze.com.
THE DIGITAL BROS GROUP
Listed on the STAR segment of the Italian Stock Exchange, the Digital Bros Group is a global company active since 1989 in game entertainment, developing, publishing and distributing worldwide entertainment content - videogames - through the different available channels: mobile and social, digital-web, retail.
The Digital Bros Group is today active worldwide, through its offices in Italy, the United States, Great Britain, France, Spain, and Germany, with roughly 250 employees.
The Headquarters of the Group is in Milan, from where all activities are coordinated. The structure works on the 3 main markets of development, publishing and distribution, through the brands 505 Games, 505 Mobile and Halifax.
For more information: http://www.digitalbros.com