Paradox Cancels Unannounced Projects

Those eagerly looking forward to playing several unannounced projects will be disappointed to learn that Paradox Interactive has cancelled them. The company wants to focus on its strength in the strategy genre, so presumably these projects were not aligned with that. "Paradox Interactive was born and raised in strategy- and management games. It is where we have our heart and our mind and we are passionate about making games that our players can enjoy over a long period of time," says CEO Fredrik Wester. "Therefore we have sharpened our pipeline further to ensure that the projects with the highest potential have the resources necessary for the best possible development. We now have a promising game pipeline and I look forward to sharing these games with our players over the next few years." The statement notes that besides a number of DLC packs, the company still has 15 games still in development. This includes new games and sequels, but only four of these have been announced: Victoria 3, Crusader Kings 3 for consoles, Shadowrun Trilogy for consoles, and Vampire: the Masquerade - Bloodlines 2. Here's word on those anonymous cancelled games, coming soon to a LinkedIn profile near you:
Paradox Interactive AB (publ) has today decided to discontinue the development of several unannounced games. In connection with the cancellation, the company has written down the value of the projects which will impact the Q3 2021 profit before tax with -135 MSEK. The cancellation is a consequence of the company’s strategy to focus resources and expertise on its proven game niches and projects that better meet the company’s requirements on returns and risk.

In the past year, Paradox Interactive has continued to focus its game development and business activities on the company’s core areas. Including these cancellations Paradox Interactive has since the third quarter of 2020 cancelled the development of unannounced projects that amounts to 265 MSEK in write-offs.