Just Cause developer Avalanche Studios has managed to secure 10 million dollars in funding to use for upcoming projects. This arrangement was made in conjunction with Nordisk Film, a Scandinavian media company who mainly distribute and produce video content for various purposes. With the grant, Nordisk Film has become a major stakeholder in the company and will have a representative on the board from here on out.
It's great to have Nordisk Film on board as a partner.Avalanche Studio's plans to expand into self-publishing games means that the developer can have full creative control over their projects, without having to satisfy demands from an external publishing partner.
With a solid background from a range of creative industries, they understand our business well and have a matching company culture. This investment allows us to further accelerate toward our goal of developing and self-publishing more high quality games.
- Pim Holfve, Avalanche CEO
The aforementioned Nordisk Film representative is its CEO Allan Mathson Hansen. Hansen had this to say about the new partnership:
I am excited that we have the opportunity of becoming co-owners of Avalanche Studios, which has a very solid and proven track record in the global gaming market.How and when this expansion of their business will come to fruition isn't known at the time of writing this, but their stated desire to expand as quickly as possible does indicate that Avalanche would rather start yesterday than tomorrow.
We are investing heavily in gaming and look forward to working with Avalanche Studios on bringing the company to the next level. Gaming fits our profile very well. We are used to working with creative people, commercializing creative products and developing IPs.
What do you think of this news? Is there anything you would like to see from Avalanche now that they're trying to expand? Let us know in the comment section down below!