Maximum Entertainment announced this week that it is divesting some of its assets from its subsidiary, Games together. Specifically, it would give IP rights for certain games and stock of retail products to Silver Lining Interactive, a UK-based publisher owned by Merge's founders. The move is expected to happen as Merge Games is in the process of merging with Maximum.
According to the terms of the agreement as disclosed by Maximum, that company will retain all rights to Smalland: Survive the Wilds, Bramble: The Mountain King, Pixelshire, Morbid: The Lords of Ire and Sunnyside. The assets removed include 90 of Merge Games' titles, including Spirit of the North (a sequel was reportedly in development at one point). The top tier receives a consideration of €1,000,000 payable on completion, which happened on Monday.
Philippe Cohen, CEO of Maximum Entertainment, said in a statement, “This agreement is an important step in balancing Maximum Entertainment's financial position and clearing our debt. Recently established by the founders of Merge, Silver Lining Interactive is an ideal partner for this sale. The deal puts these bold IPs in good hands and sets them up for success, while allowing Maximum Entertainment to focus resources on core titles that we're confident will drive value into 2025 and further away.”
Merge Games was one of the many studios that suffered layoffs in 2024 and announced that it had merged with a higher following. to close their Chelford office (A former community manager said that during this process, Merge fired all but two employees).
Source link