Starbreeze Is Finally Debt-Free After a Long Reconstruction

wccftech.com:

Swedish game developer and publisher Starbreeze has achieved an important milestone today. As shared by CEO Tobias Sjögren, Starbreeze is finally debt-free after a long reconstruction, following the latest shares issued by the company. The press release notes that the rights were 'oversubscribed', meaning that the demand was higher than the availability of the shares.

Tobias Sjögren said in an official statement:

We are proud and thankful for the strong support from both existing and new shareholders in the oversubscribed rights issue. We can now fully execute on our set growth strategy by accelerating the development of our next internal projects, expanding our third-party publishing, and creating a stronger, more diversified Starbreeze. Our focus remains steadfast – to generate growth and value for our players and our shareholders.

Starbreeze was funded in 1998. Four years later, it merged with OE3 Games and slowly started to become known for games like Enclave, a fantasy third-person action RPG. The global success came later with 2004's acclaimed first-person action stealth game The Chronicles of Riddick: Escape from Butcher Bay. Set as a prequel to the movie Pitch Black, it featured Vin Diesel as the protagonist, though it was the unique gameplay designed around the concept of escaping from the Butcher Bay prison that earned it excellent reviews (it sits at 90 on Metacritic). The Chronicles of Riddick: Escape from Butcher Bay was remade in 2009 as part of The Chronicles of Riddick: Assault on Dark Athena, which included a brand new campaign, though this new game didn't get as much praise as the original.

Meanwhile, Starbreeze had released two more solid licensed games: the first-person shooter The Darkness and its