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 Limbo  Developer Playdead Buys Itself Back From Investors
Limbo Developer Playdead Buys Itself Back From Investors
August 31, 2011 | By Mike Rose

August 31, 2011 | By Mike Rose
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    14 comments
More: Console/PC, Business/Marketing



Thanks to the financial success of its first game, Limbo, developer Playdead Studios has bought itself back from its investors -- a move that grants the studio greater financial and creative independence.

The announcement came from investment bank GP Bullhound, which advised the sale. Playdead is now solely owned by its founders and management.

The founders of Playdead said that they were able to buy back the company due to the strong performance and success of Xbox Live Arcade and PC platformer Limbo.

Limbo was initially funded solely by founders Arnt Jensen and Dino Patti, with help from the Danish government. Investors were later brought in to help expand on the original concept. Gamasutra has contacted Playdead for comment on the buyback.

Playdead revealed earlier this week that it will be developing its next title using the Unity platform, noting that the decision was in aid of cutting down on the amount of work needed.


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Comments


Luis Guimaraes
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Now those are awesome news.

David Amador
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Great news, congrats :)

Nick Kinsman
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While I still think Limbo was a highly over-rated game, I'm still happy for the guys and their success. I look forward to seeing what they do with their new freedoms.

Martain Chandler
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Awesome!

Thomas Engelbert
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Indies ftw!

Kale Menges
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Congratulations, guys. Keep it up. Looking forward to seeing more from Playdead!

David Holmin
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Good move. :)

Fiore Iantosca
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I met one of the lead developers at PAX 2009. Really nice guy. We were discussing the game, obviously before it's release. I bought the game day 1 because I wanted to support them. I'm glad I did and I'm glad to hear this news. I want to support these smaller players. I'm sick of Activision and EA ruining the industry.

Seth Friedman
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That's a nice Mass Effect avatar you have there. I assume you haven't supported EA buy buying the second game?

Mel Kirk
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Limbo still lives in my mind as a masterpiece! Congratulations on the success and to being in control of your own destiny.

Rodney Brett
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Sweet! I'm all for a Studio owning 100% of itself. :)

Mikkel Henning Andreasen
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As a Dane I am proud these guys at PlayDead. They did so much work on that game with so few hands and the coming out as a succes. Great great news!

Sergio Juarez
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Limbo is one of my favorite Xbox Live games. Can't wait to see what's in store next!

Ali Afshari
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Wow...very cool. This was a Day1 purchase for me and I'm excited for the next project!


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