Home Gaming THQ Nordic raises $225 million for even more game studio purchases

THQ Nordic raises $225 million for even more game studio purchases

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THQ-Cash

We’re living in an age where the video game industry’s biggest names usually happen to be American. Activision, Blizzard and EA may have a dominating lead when it comes to brand familiarity, but these days? It’s the European side of game development that is steadily carving out an even bigger slice of territory in the industry.

Think Ubisoft, the French publisher that is home to a good chunk of the biggest games on the block. Rebellion, home to some distinctively British video games and have an eye on growing even larger. Just take a look at Focus Interactive, and you’ll find an entire library of more artistic European games mixed with mainstream action experiences. Right now, the rising star on that side of the globe is undoubtedly THQ Nordic, a publisher that must be coated in butter because it has been on a role as of late.

They’ve been snatching up properties whenever the opportunity presents itself, their sales have been  successful and they’re still growing. That growth just hit a financial spurt this week, as THQ Nordic announced that it has raised over £171 million/$223 million, cash that will be invested in the acquisition of more game studios. That’s not exactly chump change.

“Ultimately, on the very long-term basis I want all my companies to be financed through the cashflow from making great games that fans and consumers will enjoy and pay for,” CEO Lars Wingefors said to GamesIndustry.biz.

THQ Nordic

However, our strategy right now is to build something substantial, diversified and evergreen through acquisitions and substantial organic development growth. As you know, we are just approx 0.5% of the global market and have a long way to go before we reach the next level.

Every good game publisher has something that makes them stand out from the pack. If you look at Ubisoft, that publisher has managed to make their games feel valuable long after launch thanks to the content that rolls out for said title weeks and months after the initial release. With THQ Nordic, you’ve got a company whose games fit into a very comfortable and often more affordable niche of AA gaming. Games which may not have the ludicrous budgets that some of its western contemporaries can boast about, but still have a significant layer of polish to them.

That results in a decent middleground and a more interesting selection of titles to bankroll. With an additional focus on reviving defunct franchises (Darksiders 3 may have been mediocre but it still made its money back and then some), THQ Nordic is in a good spot right now and has the potential to further enhance its unique appeal as it continues to grow.

Who knows, maybe I’ll finally get a THQ Nordic branded No One Lives Forever 3, a sequel that I’ve been waiting very very long for.

Last Updated: February 22, 2019

54 Comments

  1. Kromas

    February 22, 2019 at 12:18

    Nolf 3 won’t happen cause apparently ActiBlizz owns some of the IP … or maybe they don’t … or maybe they do but they don’t want to look for it.

    Reply

  2. FAQyoumate

    February 22, 2019 at 12:18

    You suck at writing news, you know that?
    We’re living in an age where the video game…. blah-blah-blah-fucking-blah…
    This whole ARTICLE can be summed up in one sentence and ONE fucking quote from the CEO

    Reply

    • RinceThis

      February 22, 2019 at 12:37

      Issues much bud?

      Reply

    • The D

      February 22, 2019 at 12:48

      Bud are you OK? You seem really upset, and it can’t just be my awful writing. If you need to talk, we’re always hapy to lend an ear.

      Reply

      • RinceThis

        February 22, 2019 at 13:29

        speak for yourself, I only have one ear left.

        Reply

  3. RinceThis

    February 22, 2019 at 12:48

    Awesome! More THQ!

    Reply

  4. G8crasha

    February 22, 2019 at 12:08

    As long as they release a Kingdoms of Amalur or Carmageddon sequel! And maybe think of a Darksiders III redux. Played a few minutes of it via Origins Premier, and haven’t gone back to it!

    Reply

  5. Jonah Cash

    February 23, 2019 at 10:04

    Good news for the industry as a whole!

    Reply

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