Maximum Entertainment announced this week that it will divest some of the assets of its subsidiary, Merging games. Specifically, it will divest the intellectual property rights to certain games and retail product inventory to Silver Lining Interactive, a UK-based publishing company owned by Merge’s founders. This divestment is scheduled to take place as Merge Games is in the process of merging with Cap.
According to the terms of the deal announced by Maxim, that company will retain all rights to Smallland: Survive the Wilds, Bramble: The Mountain King, Pixelshire, Morbid: The Lords of Ire, and Sunnyside. The assets sold include 90 Merge Games titles, including Spirit of the North (a sequel is said to be in development at some point). The cap receives a sum of €1,000,000 payable upon completion, which took place on Monday.
“This agreement is an important step in balancing Maximum Entertainment’s financial position and repaying our obligations,” Philip Cohen, CEO of Maximum Entertainment, said in a statement. “Silver Lining Interactive, recently created by Merge’s founders, is the ideal partner for this sale.” The deal positions The IPs sold are in good hands and positioned for success, while allowing Maximum Entertainment to focus resources on key titles that we are confident will drive value through 2025. And beyond.
Merge Games was one of several studios that suffered layoffs in 2024 and announced a merger with Maximum to follow Closing its office in Chelford (A former community manager said that in the process, Merge laid off all but two of its employees.)
https://venturebeat.com/wp-content/uploads/2024/12/Spirit-of-the-North.jpg?w=1024?w=1200&strip=all
Source link