Codemasters has acquired Project CARS developer Slightly Mad Studios for a $30 million upfront fee.
The acquisition will bring Slightly Mad's racing expertise into the Codemasters organisation, which is also a well established specialist in the genre. The entirety of Slightly Mad's 150-person team will make the transition as part of the deal.
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 possible earnout is $166 million (£128.9 million).
Reliance own a stake and they're massive.
The agreement cements Codemasters' position as a world-leading games developer and publisher of racing videogames and expands its portfolio to include the award-winning Project CARS, together with an unannounced Hollywood blockbuster title.
What could this be?
The agreement cements Codemasters' position as a world-leading games developer and publisher of racing videogames and expands its portfolio to include the award-winning Project CARS, together with an unannounced Hollywood blockbuster title.
What could this be?
I thought that exact thingSo that means Rushy is once again with Codemasters? Really looking forward to his next project.
herbie game, omg!
they were 50% owned by the huge entertainment conglomerate (Reliance) that owns, among other things, Dreamworks and Amblin Entertainment (Steven Spielberg's production company)
That seems an awfully low price for a studio and its tech and its ip ?
Did you miss the new Grid that came out this year? The new Dirt games? The annual F1 titles?Fast and Furious?
Kinda surprised Codemasters are still around. Are their games that successful?
Replaced by the Codemaster System
So that means Rushy is once again with Codemasters? Really looking forward to his next project.
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.Did you miss the new Grid that came out this year? The new Dirt games? The annual F1 titles?
Doubt itThe most important question is, do we still get the console from Slightly Mad? You know, the Mad Box?
They must be genius at what they do.
Are they gonna let them make one game and then take them behind the shed once it fails?
There, I said it.
<- Still mad about OnRush
They gonna lay them off after them making a racing game completely different from what everyone wanted from them too?
I think you would be very surprised at what some other studios have recently sold for.That seems an awfully low price for a studio and its tech and its ip ?