505 Games buys Ghostrunner IP for $5.9m

Date Type Companies involved Size
April 1st, 2021 acquisition 3D Realms
505 Games
All in! Games
505 Games buys Ghostrunner IP for $5.9m

Indie publishing label 505 Games has acquired the Ghostrunner IP.

The firm snapped up the property from the company it co-published the 2020 release with, All in Games for €5 million ($5.9 million). That firm has retained the right to receive profits from the title.

“When All in! Games was acquiring the IP of the game, 505 Games was also interested in the purchase, but in the initial stage of our cooperation we could not arrive to a mutually beneficial agreement," All In CEO Piotr Żygadło said.

"Ghostrunner quickly turned out to be a huge success, which convinced them to submit an offer - one of those "hard to refuse". This transaction shows that the strategy we adopted was correct. The 5 million euros gained through the sale, which will go exclusively to our company, will allow us to speed up our development processes.

“This is another very important step in the development of All in! Games and we are satisfied with the direction we are heading. According to the estimates which have already been published, Ghostrunner sold half a million copies by the end of 2020, and we believe that in 2021, this number will increase by at least one million. Recently, we also released Paradise Lost, which sold over 12 thousand copies within its first four days and is on track to becoming the second-largest title in our portfolio. The game is moving up in the Global Bestsellers ranking and has received 78% positive reviews on Steam."

Ghostrunner launched in October 2020 and was developed by Polish studio One More Level, with help from Slipgate Ironworks and production assistance from 3D Realms. All in and 505 published the title together.

The game cost €2.5 million to make, with the title making this money back within its first day on the market.

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