Starbreeze has announced its agreement with 505 Games to acquire the full rights to the PAYDAY-franchise. The consideration for the acquisition amounts to 10.9 million B-shares in Starbreeze, equivalent to 30 MUSD (approx. 249 MSEK).
After the transaction Starbreeze will own the full rights to the PAYDAY-franchise for any future developments or commercialization, including PAYDAY 2 and PAYDAY for mobile platforms. Starbreeze will retain full net revenue from PAYDAY 2 on the Steam platform starting retroactively from May 1st,2016. Revenue generated by the console game PAYDAY 2: Crimewave Edition will continue to be split between the companies as before, and 505 Games will continue to publish the title.
Furthermore, 505 Games will retain a 33% revenue share of Starbreeze’s net revenues from future sales of PAYDAY 3 capped at 40 MUSD, and after Starbreeze has fully recouped its development and marketing costs.
In addition, Starbreeze confirmed that there will be PAYDAY 3 will be released in the future.
Bo Andersson Klint, Starbreeze CEO, said:
“PAYDAY is very close to my heart, and has laid the foundation for Starbreeze success in recent years. We’re very excited to bring our heisters home to the safe house. To start with, we believe in the continued success of PAYDAY 2 and will support it for at least another 18 months continuing expanding the game.”
Last but not least, Overkill has released a new patch for PAYDAY 2, and revealed that it will remove all microtransactions from the game, and will make the black market section available to everyone.