Koch Media helped THQ Nordic make more in its last quarter than in 2017

Koch Media helped THQ Nordic make more in its last quarter than in 2017

It looks like THQ Nordic's acquisition of Deep Silver parent firm Koch Media is already paying off.

In the Swedish firm's latest financial report, CEO Lars Wingefors said that net sales had risen a massive 673 per cent in the last quarter. This was something the exec attributed to Koch Media.

Without taking into consideration Koch Media, THQ Nordic's net sales for the region would be 79 per cent lower; a good an indication as any that Koch is responsible.

Net sales came in at $71.5m for the quarter ending March 31st. For the full 2017 calendar year, THQ Nordic saw net sales of $58.2m.

Wingefors also revealed that Deep Silver would be handling publishing duties on InXile's Wasteland 3 and Bards Tale IV.

"Koch Media is by far our largest acquisition to date and confirms our focus on creating value for our shareholders," Wingefors said.

"With this transaction, we took a great step forward to further build a diversified, substantial and relevant player within the growing games industry. We got off to a great start together with the Deep Silver release of Kingdom Come Deliverance. I’m also happy to inform that Deep Silver will be publishing the upcoming RPG’s Wasteland 3 and Bards Tale IV. Both games are developed by InXile, a California-based studio founded by the industry legend Brian Fargo. Along with them, we are all looking forward to Deep Silver’s next key release, Metro Exodus, now expected in Q1 2019."

THQ Nordic purchased Koch Media in February, splashing out $196m on publishing and distribution outfit. This follows Nordic Games acquiring the THQ name having also bought IP including Darksiders from the THQ firesale after that firm went bust in 201. 

Editor - PC Games Insider

Alex Calvin launched in August 2017 and has been its editor since. Prior to this, he was deputy editor at UK based games trade paper MCV and content editor for marketing and events for London Games Festival 2017. His work has also appeared in Eurogamer, The Observer, Kotaku UK, Esquire UK and Develop.


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