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Starbreeze values Payday IP rights at close to $162.3m

Starbreeze values Payday IP rights at close to $162.3m

Troubled Swedish games firm Starbreeze has said that assets from its newly-established publishing division are valued at kr1.6bn ($162.3m), most of which is IP rights for Payday.

That's according to a post on the company's investor relations page, in which the company has given an estimate of what its future might look for its creditors like following its entering administration in December 2018.

Starbreeze has said that a third numbered entry in the Payday IP will be launching in 2022 or 2023, with the company's cash flow rising from around kr150m ($15.2m) to kr900m ($91.3m) between the start of 2022 and the end of 2023.

This follows Starbreeze applying for three extensions to its reconstruction period after falling into administration at the end of 2018.

Over the last few years, the company has sold off most of its assets, parting ways with publishing rights for future titles including System Shock 3 and Psychonauts 2, as well as losing the rights to make Overkill's The Walking Dead. As a result, it very much feels like Starbreeze is begging big on Payday 3 delivering.

The company also announced at the start of 2019 that 25 per cent of its workforce was going to be laid off in order to cut costs


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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