Starbreeze appears to be on the up after anofficial announcement has been publisheddetailing that the developer and publisher has paid off most of its creditors. The company has been behind titles such asPayday 2,Dead by Daylight, andOVERKILL’s The Walking Dead.
“Starbreeze has through these payments settled all debts categorized as Supplier creditors and Small supplier creditors who were included in the reorganization plan.” the announcement reads, “After this debt settlement, only part of the debt to Nordea and debt related to Convertible bond and related refinancing costs remain.”
WithOVERKILL’s The Walking Dead, the companyhad high expectationsback in 2018 for the first-person shooter’s launch that’s based on the comic book of the same name. Unfortunately, the game didn’t do well, underperforming at launch, and resulted in Starbreezehaving to review its costs.This also saw the company, in 2018,file for reconstructionwith CEO Bo Andersson stepping down.
2018 also saw the company raided by Swedish authorities after it wasunder suspicion of insider trading.Last year, Starbreeze announced that itdidn’t have the money to continue operating through the yearunless drastic changes were made. It seems those changes have been paying off. AsGamesIndustry.biz highlights, the company has made huge changes such asselling the publishing rights toSystem Shock 3,10 Crowns, and saw Rockstaracquire Dhruva Interactivefrom Starbreeze. It was also reported that ithad laid off a quarter of its staffin June last year.
In October of this year, CEO Mikael Nermark also stepped down from the companyfor personal reasonsand has been replaced by acting CEO Tobias Sjögren. It was also announced in October thatPayday 3would be releasedsometime between 2022-2023.
It seems as if the company could very well have paid off its debts by the time the nextPaydaytitle launches, but it’s no lie that the journey has been an incredibly rocky one that it seems to be slowly recovering from.
