Starbreeze Studios has announced that they don’t have the cash to continue operating into next year, unless they make some huge changes to their studio.
Just like past studios who couldn’t make it because of cash flow (Telltale), Starbreeze may be next on the list.
Starbreeze Studios is the company behind games like Payday 2, which would be sad to see them have to shut down because they just don’t have enough cash. They released their reports regarding their financials over Q1 this year, and they don’t have enough cash to continue operating. Starbreeze states:
“Starbreeze and some of its subsidiaries have been in reconstruction since December 3, 2018,” stated the report. “The company currently lacks sufficient secured funds to continue operating for the coming 12 months and a liquidity shortfall is expected before mid-year 2019 if no additional funds are provided.”
“My main task is to secure financing for the company’s future operations. This involves both long-term financing we can use to build the Starbreeze of the future, but also making sure that the assets we have determined are unrelated to the core business are managed in a commercially viable way,”
“Once this financing has been secured, we will be able to look ahead and present a more detailed strategy for the future.”
– Starbreeze CEO Mikael Nermark
Starbreeze Studios will continue to try to make some cash off Payday, which was their main source of income from what it seams.
Their reports show a bit under $5M brought in from Payday 2, over the projected amount of $2.7M. But Q1 earnings were a loss this year, as Payday 2 continues to drop off the charts in terms of popularity.
Unless they pull off something like Payday 3 by themselves, we may not see any more Starbreeze soon.
Either someone will have to acquire them, or invest in their company in order to save them at this point. Although there can always be adjustments made even after the studio shuts down- other companies can pick up their employees and their legacy and continue to live on. Who knows?
Writer and journalist for almost a year. Doing this for fun. Learned a lot along the way. I’m interested in businesses and the moves they make, tech and how it changes the world, and of course, enjoy playing some video games! I enjoy console and PC, but mostly RPGs, FPS, and League of Legends.