Cities: Skylines 2 writer Paradox Interactive has introduced that it’s going to buy Jagged Alliance 3 and Surviving Mars studio Haemimont Video games.
In its year-end monetary report, Paradox reveals it has “entered into an settlement to buy 100% of the shares” in Haemimont. No change in administration was introduced, so it looks like Haemimont will proceed doing its personal factor below Paradox.
This is not the primary time Paradox and Haemimont may have crossed paths, both. The corporate served because the writer for colony sim Surviving Mars in 2018, though Haemimont is maybe better-known for working with THQ Nordic and Kalypso Media on the likes of Tropico and Grand Ages: Rome.
As for the monetary report itself, Paradox says its income has fallen 17% when in comparison with final yr, however that revenue has elevated by 10%.
As a reminder, main Paradox releases like Cities: Skylines 2 and Age of Wonders 4 occurred within the earlier monetary yr, so Paradox did not actually have a serious tentpole title to base its funds round in 2024.
Moreover, hotly-anticipated initiatives like Vampire: The Masquerade – Bloodlines 2 and, er, the console launch of Cities: Skylines 2 are both slated for this yr or haven’t got a launch date but, so the corporate is in a kind of limbo proper now.
Paradox CEO Fredrik Wester says the studio closes its yr with “a interval of excessive income and good margins” and says that the studio’s “persistent work over time” is extra necessary than between-quarter variation.
Paradox’s yearly monetary evaluation comes a couple of months after the corporate introduced the cancellation of its Sims-style life sim Life by You, which brought about its quarter-by-quarter earnings to plummet by 90% in July.
In response to the studio, nonetheless, that fall was factored into its yearly evaluation; Paradox says write-downs of round 208 million kronor, or about $19 million, are included in its working revenue report.
We’ll have to attend and see what sort of 2025 Paradox has, in addition to whether or not or not its buy of Haemimont impacts that developer’s day-to-day operations. Keep tuned for extra.
