Swedish games company Paradox has axed a number of game project in a bid to refocus its development strategy.
In a release to investors, the company says that this will allow it to focus its resources on "proven game niches," which likely means it's centering its attention on grand strategy projects. The firm has 15 projects in development right now.
Paradox said that this represents a kr135 million ($15.5 million) write down before tax; in the last 12 months, the company says that it has written down development projects to the tune of kr265 million ($30.4 million).
“Paradox Interactive was born and raised in strategy- and management games," CEO Fredrik Wester (pictured) said.
"It is where we have our heart and our mind and we are passionate about making games that our players can enjoy over a long period of time. Therefore we have sharpened our pipeline further to ensure that the projects with the highest potential have the resources necessary for the best possible development. We now have a promising game pipeline and I look forward to sharing these games with our players over the next few years."
Wester returned to the CEO position in September following the departure of Ebba Ljungerud.