Nordic Games GmbH announces the acquisition of DreamCatcher Games, saying the deal includes the entire product and brand portfolio of the Canadian label. This represents a reunion of sorts, as DreamCatcher was acquired by JoWooD in 2006
, and earlier this year
Nordic Games acquired JoWooD, following the insolvency
of the Austrian publisher. The announcement notes that DreamCatcher was also insolvent, which explains the announcement earlier this year
that SpellForce 2 - Faith in Destiny was indefinitely delayed, though plans for the expansion are not mentioned in the announcement:
Vienna, Austria, 17th November 2011: Nordic Games GmbH, part of the Nordic Games Holding AB group, announces the acquisition of the entire product- and brand-portfolio of DreamCatcher, including, but not limited to Painkiller, Safecracker, and more than 50 other intellectual properties (IPs) and licenses.
Aside from “JoWooD” and “The Adventure Company”, “DreamCatcher” will become the third publishing label within Nordic Games GmbH, with the plan to re-launch the extensive back catalogue of games and further expand on the wholly owned IPs and licences .
Basic business operations will be handled from Vienna, Austria, whereas Nordic Games is currently in negotiations with North American companies regarding the distribution and marketing of products.
“We are very happy that we were able to close the deal according to our internal schedule. After the incorporation of the “JoWooD” and “The Adventure Company” publishing label, “DreamCatcher” is the third and last to follow for the time being”, commented Nordic Games Holding AB CEO, Lars Wingefors. “Our approach is to assess the performance of DreamCatcher’s portfolio through back-catalogue sales, and as a consequence develop sequels to its bestselling brands and licenses, just as we did with our other two publishing labels”, elaborates Wingefors.
Since their first launch back in 1996, DreamCatcher Interactive quietly turned into a very successful small-sized publishers in the industry. Based in Ontario, Canada, the company started as a publisher with a portfolio exclusively for PC adventure games. Over the next 10 years, DreamCatcher experienced rapid growth and became a major publisher as well as distributor. The company diversified into new platforms and genres and, in 2002, established the publishing label The Adventure Company to handle their adventure titles and strengthen its core competence. In March 2007, both DreamCatcher and The Adventure Company became part of the JoWooD Group as publishing labels. Following JoWooD’s insolvency in early 2011, DreamCatcher experienced a similar development and filed for bankruptcy shortly after its former parent company.