Bigben has announced the signing of an agreement for the acquisition of Cyanide, a French studio developing video games. As the press release reads, in the wake of Bigben’s increased stake in the capital of the Kylotonn Racing studio, this transaction will allow the Group, until now a publisher and distributor of video games, to fully integrate the development phase of games.
By adding this step to its value-creation chain, Bigben secures strategic know-how and high-quality design for its next games, fulfilling its clearly defined ambition to become a leader in the AA video game segment.
This transaction also allows Bigben to acquire several IP assets representing key assets as well as an outstanding experience accumulated over numerous productions by confirmed developers recognized for the great quality of their games.
While the increased stake in the share capital of Kylotonn Racing guaranteed Bigben a strong position in racing simulation games, the acquisition of Cyanide studio will allow the Group to extend its offer to major gaming genres not yet present in its current portfolio (strategic and tactical games, narrative and episodic games, shooting games, management games) or complementary to its catalogue (sport simulations and action-adventure games), thus strengthening its publishing strategy.
The integration of Cyanide into the Bigben Group will allow it to benefit from new financial resources to develop a larger and more ambitious games catalogue. Mr. Patrick Pligersdorffer, current CEO and co-founder of the studio, will continue to manage Cyanide, enjoying a large autonomy in order to concentrate on the creative aspect of its productions while benefitting from the commercial, publishing and marketing contributions of the Bigben team. It will also continue its collaborations with the video game publishers for which the studio is currently making developments.