Payday 2 and Brothers: A Tale of Two Sons, in conjunction with the original Payday: The Heist, have boosted Swedish studio Starbreeze to a stunning reversal in fortunes.
“To put the past six months in perspective, I would like to highlight that Starbreeze historically, from 1998 to June 2013, accumulated a total loss of SEK 94 million (approximately USD$14.4 million),” writes Starbreeze CEO Bo Andersson Klint in the company’s half-year earnings report. “Thanks to our new business model, reorganization and a focus on our own brands, we have – in only two quarters – generated a profit before tax of SEK 104 million (approximately USD$16 million).
“I would like to think that is what they call a turnaround.”
Profit after tax amounted to SEK 90.3 million (approximately USD$13.9 million).
[T]hat is what they call a turnaround.
Andersson notes that Starbreeze has also signed a new agreement with Payday 2 publisher 505 Games, replacing the previous agreement which promised five additional packages for the game. The new contract will allow Starbreeze to spend the next 20 months “developing and refining Payday 2 so that it becomes the best co-operative gaming experience available on the market, with many more add-on packages and other exciting events planned.”
He also confirms the well-received Brothers: A Tale of Two Sons has finally begun to generate royalty income for the company.
“We now have a large cash reserve, have created a stable cost structure, a modern business model, we have continued full control of our own brands and have placed ourselves into a position where we have three games that generate royalties every single day,” writes Andersson.
As such Starbreeze will now continue to shift away from a survival strategy and focus on growth instead.
As of February, Payday 2 was the fifth largest official community on Steam, with over 350,000 active members. Payday 2 developer Overkill, also based in Sweden, was acquired by Starbreeze in June 2012.
Luke is Games Editor at IGN AU. You can find him on IGN here or on Twitter @MrLukeReilly, or chat with him and the rest of the Australian team by joining the IGN Australia Facebook community.
Source : feeds[dot]ign[dot]com
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