Nightdive Studios will be the remastering specialist for French publisher Atari.
Atari’s purchase of Nightdive Studios will cost ten million dollars, half of which will be paid in cash and half in Atari stock upon closing, plus a profit of up to ten million dollars payable in cash over the next three years depending on future performance a great specialist in restoring old games such as Shadow Man, Quake, Doom 64, Turok and Turok 2 with their own KEX Engine authoring tool.
This is a big win for our team! As we strive to continue to release high quality, new and updated games that are true to the original intellectual property; we couldn’t think of a better long-term partner than @atari https://t.co/icK4zbQBe2
— Nightdive Studios (@NightdiveStudio) March 23, 2023
Wade Rosen, CEO of Atari commented:
Night Dive’s proven track record and track record in retro IP commercialization fits perfectly into Atari’s strategy and I am confident that the combination of their talent, technology and IP portfolio will drive our future success.
Nightdive Studios Takes Over Atari
For the fiscal year ending December 2022, Nightdive Studios reported revenue of approximately $3 million. The founders own 87% of the company, while Atari CEO Wade Rosen owns a 13% minority stake. This acquisition will allow Atari to expand its vast library of intellectual property, leverage Nightdive Studios’ proprietary technology, and leverage Nightdive Studios’ publishing capabilities to support its retro-focused growth strategy.
Stephen Kick and Larry Cooperman, directors of Nightdive Studios, added:
Nightdive Studios and Atari have a long history together, and we know that Atari shares our passion for retro gaming and our commitment to making high quality new and updated games that are true to the original intellectual property. As we strive to grow our business and expand our capabilities, we couldn’t imagine a better long-term partner than Atari.