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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 launched PCGamesInsider.biz 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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