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Codemasters aquired Slightly Mad Studios (the makers of Project Cars)
- Thread starter ODD
- Start date
Fast and Furious?
Kinda surprised Codemasters are still around. Are their games that successful?
The UK publisher will pay $30 million (£23.3 million) upfront -- $25 million in cash, and $5 million in stock -- but an earnout clause based on Slightly Mad's EBITDA over a three-year period that could take the value higher.
A spokesperson briefed GamesIndustry.biz that the maximum earnout is $166 million (£128.9 million), but the financial analyst Liberum expects the actual amount to be approximately £52.6 million ($67.9 million).
www.gamesindustry.biz
A spokesperson briefed GamesIndustry.biz that the maximum earnout is $166 million (£128.9 million), but the financial analyst Liberum expects the actual amount to be approximately £52.6 million ($67.9 million).
Codemasters buys Slightly Mad Studios for $30m
Codemasters has acquired Project CARS developer Slightly Mad Studios for a $30 million upfront fee.The acquisition will…
www.gamesindustry.biz
they were 50% owned by the huge entertainment conglomerate (Reliance) that owns, among other things, Dreamworks and Amblin Entertainment (Steven Spielberg's production company)
then they IPO'd a few years ago and raised a fuckload of money on the stockmarket, on top of Reliance still owning ~30% of their stock
Did you miss the new Grid that came out this year? The new Dirt games? The annual F1 titles?
They gonna lay them off after them making a racing game completely different from what everyone wanted from them too?
lol what a waste.
Their I. P is... Project Cars..
And Codemasters already owns a brilliant game engine.
Their I. P is... Project Cars..
And Codemasters already owns a brilliant game engine.
Hope we get a Grid game that is a spiritual successor of NFS Shift. God, I miss the these games.
The most important question is, do we still get the console from Slightly Mad? You know, the Mad Box?
Between zeitgeist, player numbers, and top sellers lists, I never got the sense their games are actually that successful either, aside from them continuing to make them.
Doubt it
and yeah, a fast and the furious game by slightly mad has been rumored for years.
They must be genius at what they do.
I am also very very surprised seeing Reliance as their majority stock holder till 2018. I mean it's an Indian company who had no stake in gaming whatsoever. And only after 2018 they released plans to sell a console in India which is basically India's Google stadia when they lowered their stake in Codemasters (the only gaming Dev they used to own).
I think you would be very surprised at what some other studios have recently sold for.
Hopefully with all the talent they have in the company now they are able to produce a racing sim to rival everything that has come before it. But I'm thinking things are probably not going to go as I want them to.
