505 Games purchases Ghostrunner IP for €5 million

All in Games has sold the Ghostrunner IP to the game’s co-publisher 505 Games.

Developed by One More Level, 3D Realms, and Slipgate Ironworks, Ghostrunner is a cyberpunk parkour game that released last fall on PC and consoles.

Co-published by Polish-based company All in Games and 505 Games, the former has retained the right to participate in the profits generated by the game. 505 acquire the rights to the Ip for €5 million ($5.8 million).

“When All in! Games were acquiring the IP of the game, 505 Games was also interested in the purchase, but in the initial stage of our cooperation, we could not arrive at a mutually beneficial agreement,” said Piotr Zygadlo, CEO of All in Games.

“Ghostrunner quickly turned out to be a huge success, which convinced them to submit an offer – one of those “hard to refuse”. This transaction shows that the strategy we adopted was correct. The 5 million euros gained through the sale, which will go exclusively to our company, will allow us to speed up our development processes.”

Ghostrunner was released on October 27, 2020. The production costs, amounting to €2.5 million, were covered on the day of the premiere and the title received very good reviews from users and media alike. As of February of this year, the game had sold over half a million copies.

“This is another very important step in the development of All in Games and we are satisfied with the direction we are heading. According to the estimates which have already been published, Ghostrunner sold half a million copies by the end of 2020, and we believe that in 2021, this number will increase by at least one million,” added Zygadlo.

“Recently, we also released Paradise Lost, which sold over 12 thousand copies within its first four days and is on track to becoming the second-largest title in our portfolio. The game is moving up in the Global Bestsellers ranking and has received 78% positive reviews on Steam.”

All in Games recently announced their release calendar for 2021, which includes as many as 20 games, including the Chernobylite, Alaloth: Champions of the Four Kingdoms, and War Mongrels. It also features three DLCs for Ghostrunner (one of which will almost double the game’s playing time) and the next-gen version of the cyberpunk production.

Available now on PC, PS4, Xbox One, and Switch, the title will also be released on Amazon Luna.

The post 505 Games purchases Ghostrunner IP for €5 million appeared first on VG247.

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