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  • THQ Nordic Acquires Deep Silver Parent Company Koch Media

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    February 14th, 2018GamespotUncategorized

    THQ Nordic announced it has acquired Deep Silver's parent company Koch Media for €121 million.


    "Koch Media is a leading, independent producer and marketer of digital entertainment products in Europe and North America with studios in Germany, the UK, and the US, and offices in several Central and Northern European cities," reads the press release.

    "Koch Media’s business consists of three business areas; 1) Games, which are mainly published under the Deep Silver label with several AAA-intellectual property rights such as Saints RowDead Island and Metro; 2) Partner Publishing, which is the leading company in this business area in Europe and 3) Film, which is a business within movies for primarily the German and Italian speaking territories. Koch Media generated net sales of approximately SEK 2,548 million and Adjusted EBIT of approximately SEK 296 million for the period April – December 2017."


    "Koch Media has a long history of profitability despite losses incurred from some less successful game releases," said Lars Wingefors, CEO THQ Nordic. "THQ Nordic is convinced that the development studios of Deep Silver as part of THQ Nordic will successfully deliver at least four ongoing AAA game projects including Metro Exodus as well as the next Volition Studio AAA release and the next Dambuster Studio AAA release, together with a number of other game development and publishing titles."

    Koch Media CEO Dr. Klemens Kundratit added, "I strongly believe that THQ Nordic is a great strategic fit with Koch Media. In addition to having long experience within games development and publishing, THQ Nordic has the skills, willingness and capital to deliver growth in the future."

    A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.

    Full Article - http://www.vgchartz.com/article/272560/thq-nordic-acquires-deep-silver-parent-company-koch-media/