Atari has signed an agreement to acquire Nightdive Studios
Atari has announced plans to acquire Nightdive Studios, the developer of the upcoming game System Shock remake. The studio has built a reputation for strong classic remakes, with other releases including the Doom 64 and Quake re-releases.
Nightdive CEO Stephen Kick shared the news on his Twitter, saying he was “so proud [to join] forces with Atari to continue to revive the games we love.” The Nightdive account also shared the announcement, calling the acquisition a “huge win” for the studio.
This is a big win for our team! As we look forward to continuing to produce high quality, new and remastered games that match the original IP; We can’t think of a better long-term partner @atari https://t.co/icK4zbQBe2
— Nightdive Studios (@NightdiveStudio) March 23, 2023
Yahoo Finance reports that the purchase price will include an “initial sum of US$10 million” along with “earnings of up to US$10 million, payable in cash over the next three years based on performance in the future of Night Dive.” Atari CEO and president, Wade Rosen, already owns a 13% minority stake in Nightdive Studios.
While it’s no longer the industry powerhouse it once was, Atari is still active in the classic game scene. It rushed to release hardware, including VCS . Control Panelbut have the best luck with digital re-releases like Atari . 50th Anniversary Collection.
With the acquisition, Atari will gain control of Nightdive’s entire game library, as well as access to its exclusive KEX Engine, which is used to make classic games playable on the newer machines. Atari also plans to use Nightdive’s publishing capabilities to support its own “classic-focused growth strategy”.
The acquisition is expected to be completed in April of this year.
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