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Starbreeze acquires the rights to Cinemaware’s classic video game catalogue, including “It Came From the Desert”, “Defender of the Crown” & “Wings”

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STOCKHOLM (May 31, 2016) – Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced its acquisition of the intellectual property (IP) rights to the entire Cinemaware library of titles from CW Entertainment USA LLC D/B/A CINEMAWARE, including titles “Defender of the Crown” and “Wings”, for a total consideration of 525,000 EUR in cash.
“Defender of the Crown is one of the games that made me and many others at Starbreeze go into the gaming industry all those years ago. For many, Cinemaware set the bar for fun and immersive gaming in the ATARI and AMIGA-era. For us, as a developer, it will be a pleasure to re-energize and bring these great brands into the new era of VR and other platforms,” said Bo Andersson Klint, Starbreeze CEO. “The classic Cinemaware games are concepts that still in this day are epic imaginations. We will make them excel in excellent VR-experiences at our location based IMAX centers. “

Starbreeze will thrill your imagination and ask – Who wouldn’t like to save England on horseback, pick up a bow and arrow like Robin Hood, fight epic Samurai battles or pilot a WWI biplane against the Red Baron in our IMAX centers in full StarVR® resolution and fidelity. Starbreeze will bring the Cinemaware legacy forward and into location based entertainment centers and beyond, entertaining gamers for decades like the original creators already have.

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Starbreeze acquires the full rights to the PAYDAY-franchise with an installed base of 14 million users

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­­STOCKHOLM (May 30, 2016) – Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced its agreement with 505 Games to acquire the full rights to the PAYDAY-franchise. The consideration for the acquisition amounts to 10.9 million B-shares in Starbreeze, equivalent to 30 MUSD (approx. 249 MSEK).

After the transaction Starbreeze will own the full rights to the PAYDAY-franchise for any future developments or commercialization, including PAYDAY 2 and PAYDAY for mobile platforms. Starbreeze will retain full net revenue from PAYDAY 2 on the Steam platform starting retroactively from May 1st, 2016. Revenue generated by the console game PAYDAY 2: Crimewave Edition will continue to be split between the companies as before, and 505 Games will continue to publish the title.

Furthermore, 505 Games will retain a 33% revenue share of Starbreeze’s net revenues from future sales of PAYDAY 3 capped at 40 MUSD, and after Starbreeze has fully recouped its development and marketing costs.

It’s Starbreeze assessment that the price of 30 MUSD will be matched by corresponding revenues on the Payday franchise until such time Payday 3 is released in the future. Given the strategic value for Starbreeze to control its hit franchise it is both in the short and long term a sound investment.

“PAYDAY is very close to my heart, and has laid the foundation for Starbreeze success in recent years. We’re very excited to bring our heisters home to the safe house,” said Bo Andersson Klint, Starbreeze CEO. “To start with, we believe in the continued success of PAYDAY 2 and will support it for at least another 18 months continuing expanding the game.”

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Starbreeze and Smilegate to cooperate on VR content platform

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STOCKHOLM (May 25, 2016) Starbreeze AB and Smilegate today signed a letter of intent to form a joint venture for a virtual reality (VR) content distribution platform for the StarVR HeadMounted Display (HMD). The two companies aim to cooperate on developing and promoting the platform for distribution of electronic entertainment content for the StarVR HMD. 

“With the Acer production partnership for the StarVR headset, our joint venture with IMAX for location-based entertainment, and the content platform collaboration with Smilegate, we now have a perfect eco system for our VR centers”, said Bo Andersson-Klint, Starbreeze CEO. “Smilegate has a team of highly skilled engineers with many years of expertise in content distribution development, which we’re very excited to partner with for our location based projects.”

“We are pleased to expand our collaboration efforts with Starbreeze by investing in the software platform, which is a core part in the VR-business. Smilegate will continuously seek for investment opportunities in businesses that pursue high value such as VR”, said Mr. Hyuk Bin Kwon, Group CEO of Smilegate. “With its top-notch skills and experience, Starbreeze is one of the leading companies in the VR business across the globe. We look forward to continue having a great partnership with Starbreeze.”

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Valberedningsförslag inför årsstämman 2016

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(STOCKHOLM, 24:e maj 2016)  Starbreeze AB har nu underrättats av valberedningen om förslag till styrelse, revisorer och ersättning inför årsstämman den 25 maj 2016.

Valberedningen föreslår att styrelsen ska bestå av sex ordinarie styrelseledamöter med en suppleant. Till ordinarie styrelseledamöter för tiden intill nästa årsstämma föreslås omval av Michael Hjorth, Bo Andersson Klint, Matias Myllyrinne, Eva Redhe och Christoffer Saidac samt val av Harold Kim, Smilegate Holding Inc. Till styrelsens ordförande föreslås omval av Michael Hjorth. Som styrelsesuppleant föreslås Joon Ho Sung, Smilegate Holding Inc.

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IMAX UNVEILS COMPREHENSIVE VIRTUAL REALITY STRATEGY; LAUNCHES LOCATION-BASED INITIATIVE THROUGH PARTNERSHIP WITH STARBREEZE

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IMAX to Create Fully Integrated Premium Out-of-Home VR Offering

Encompassing Camera Capture, Content Distribution and Delivery 

NEW YORK – May 20, 2016IMAX Corporation (NYSE:IMAX) today announced its strategy to develop a premium location-based virtual reality offering that will deliver immersive, multi-dimensional experiences, including entertainment content and games, to multiplexes, malls and other commercial destinations. Following yesterday’s IMAX Google VR camera announcement, IMAX has expanded its initiative to include a joint venture agreement with Starbreeze AB, a Swedish-based independent creator, publisher and distributor of high-quality VR entertainment content and hardware.

Pressrelease for download:  IMAX Starbreeze VR Partnership 5-20-16

Under the agreement, IMAX will create a premium VR experience that will leverage Starbreeze’s unique StarVR® headset technology, which provides a 210-degree full peripheral field of view – double that of any other VR headset currently available – to offer a truly immersive VR experience that is worthy of the IMAX® brand. As part of the partnership, Starbreeze’s existing library of VR entertainment content and games will be made available to consumers as well as the premium content resulting from the IMAX Google VR camera. IMAX will also look to establish new VR content partnerships through its existing Hollywood filmmaker and studio relationships. Meanwhile, Starbreeze will bring new interactive content through its publishing and partnerships in the gaming industry, which includes its relationship with leading Hollywood studio Lionsgate, with whom Starbreeze is developing its John Wick VR game as well as others.

IMAX sees a unique opportunity to combine premium equipment, more robust computing power, and expansive spaces to create a highly differentiated, destination-based VR experience that will draw audiences out of their homes, similar to the strategy IMAX has successfully employed in the cinema space.

“As technology and entertainment options evolve, we continue to innovate and find new platforms to extend The IMAX Experience,” said IMAX Corp. CEO Richard L. Gelfond. “We believe VR is an area that holds tremendous promise and is a natural progression for IMAX given our established worldwide brand presence, our immersive entertainment technology know-how, and strong industry relationships with filmmakers, studios and exhibitors. Just as IMAX provides the best cinematic experience, Starbreeze is a pioneer in the burgeoning VR market and its headsets will deliver a wider, “IMAX-like” field of view to allow consumers to see, feel, move and play in new worlds in a powerfully immersive and realistic way. While our partnership with Google puts IMAX in the VR capture business, Starbreeze brings the capabilities in content distribution and delivery that, when combined, help us to establish a complete offering across the VR ecosystem.”

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IMAX väljer Starbreeze för sin satsning på destinationsbaserad VR (förtydligande)

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Förtydligande i första stycket: från ingått ett joint venture till slutit avtal om att ingå ett joint venture
Förtydligande i sjätte stycket: utbyggt med ytterligare information efter första meningen.

(STOCKHOLM, 20:e maj 2016) Starbreeze, en oberoende skapare, utgivare och distributör av högkvalitativa underhållningsprodukter, har slutit avtal om att ingå ett joint venture med IMAX för att skapa ett koncept för destinationsbaserade VR-upplevelser under IMAX varumärke där bolagen är likvärdiga partners. Överenskommelsen innebär bland annat att parterna ska erbjuda på Starbreeze unika VR-headset StarVR i en IMAX-miljö. Dessutom kommer konsumenter en utpräglad, destinationsbaserad VR-upplevelse som baseras Starbreeze katalog av VR-underhållning och VR-spel göras tillgängliga för IMAX kunder.

Blir projektet framgångsrikt är avsikten att rulla ut konceptet globalt. IMAX har i dagsläget drygt 1 000 teatrar i 68 länder.

“Vi tror att ett av de bästa sätten att uppleva VR, är tillsammans med andra och i högsta möjliga kvalité. Vi vill ge alla tillgång till spännande och högkvalitativa VR-upplevelser i biografer och på andra anläggningar runt om i världen”, säger Bo Andersson Klint, Starbreeze vd. “Denna öppna content-plattform kommer att underhålla miljontals konsumenter världen över. StarVR HMD, tillverkad av vår partner, det ledande taiwanesiska elektronikföretaget Acer, och IMAX varumärke med global räckvidd genom sina anläggningar, är en fantastisk kombination för våra målgrupper”.

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Starbreeze AB (publ) Q1 report January 1st 2016 – March 31st 2016

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These corporate news are available in Swedish and English.

Please find the Interim Report July 1 2015 – September 30 2015 attached below.

Pressrelease for download:  2016-05-18 Starbreeze First Quarter Report Q1 2016
 Pressmeddelandet för nedladdning: 2016-05-18 Starbreeze Kvartalsrapport 1 januari 2016 mars 2016
 Läs hela rapporten:  Starbreeze AB (publ) Q1 report January 1st 2016 – March 31st 2016

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Starbreeze and Acer to Form Joint Venture for the StarVR Headset

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CANNES (May 15, 2016) Starbreeze AB and Acer Inc. today signed a letter of intent to form a joint venture for the StarVR Virtual Reality (VR) Head-Mounted Display (HMD). The two companies aim to cooperate on the design, manufacturing, promotion, marketing and sales of the StarVR HMD to the professional- and location-based entertainment market.

“Since our launch in June 2015, we have had an amazing start with StarVR. By partnering with Acer we shift gears yet again to firmly position us as the leader in top-end VR experiences. Acer is an excellent, experienced and prominent hardware partner that will accelerate us in realizing and producing a high-definition, high-fidelity VR headset,” said Bo Andersson Klint, Starbreeze CEO. “We’ve been working with a clear roadmap for our VR strategy from day one, and are now about to realize one of the first major collaborations we set out to achieve. The future for StarVR is now set and extremely exciting.”

“Acer is thrilled to join forces with Starbreeze in bringing the StarVR head-mounted display to the market,” said Jason Chen, Acer Corporate President and CEO. “We are devoting R&D resources across multiple aspects of the VR ecosystem for a coherent and high-quality experience, while just last month Acer announced powerful desktops and notebooks fully-ready for StarVR. Starbreeze and Acer share the same goal of delivering best-in-class VR applications, and we look forward to unlocking new VR possibilities together with this partnership. ”

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PAYDAY 2 DLC “Sydney Character Pack” now available on Steam

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Starbreeze AB, an independent creator, publisher and distributor of high quality entertainment products, today announced the 34th DLC for PAYDAY 2, titled “Sydney Character Pack”, successfully launched on Steam on May 12th. The DLC is available for purchase at $ 4.99 / € 4.99 on PC through Steam and other digital distribution channels.

The Sydney Character Pack includes:

  • Sydney, a new playable character, portrayed and voiced by actress Georgia Van Cuylenburg
  • Anarchist, a new perk deck with new abilities
  • A new weapon, the Bootleg assault rifle along with two unique new weapon modifications
  • A new melee weapon, the butterfly knife Wing
  • Sydney’s own mask

“Announced during PAYDAYCON in Seattle during the summer of last year, we’re excited to finally be able to release Sydney, portrayed by the talented Georgia Van Cuylenburg. Sydney is our third female heister and hails from Australia. She comes with her own Anarchist perk deck, Bootleg assault rifle and butterfly knife Wing with its own unique first person animation. We’re confident players are going to enjoy the addition of Sydney to the PAYDAY gang. ” said Almir Listo, Global Brand Director of Starbreeze Studios.

For more information about the new content, please visit: http://www.overkillsoftware.com/games/sydneypack/

For more information please contact:

Almir Listo, Global Brand Director, Starbreeze AB
Tel: +46(0)8-209 208, email: press@starbreeze.com

Brief information about Starbreeze:

Starbreeze is an independent creator, publisher and distributor of high quality entertainment products. With studios in Stockholm, Paris and Los Angeles, the company creates games by own design and through licensed content, aiming to create franchises that prosper as games and elsewhere. We live and die by gameplay. 

Starbreeze’s most recent games include PAYDAY 2, the adrenaline fueled bank robbing co-op game and the upcoming survival co-op FPS OVERKILL’s The Walking Dead based on the hit comic series. Starbreeze is pioneering digital self-publishing, inviting developers to leverage its self-publishing knowhow on Steam, having one of the largest communities on the digital distribution platform.

Next, Starbreeze is set to develop truly immersive virtual reality experiences, integrating software and hardware in the Project StarVR and the StarVR head mounted display.

Headquartered in Stockholm, Sweden, Starbreeze’s shares are listed on Nasdaq Stockholm First North Premier under the tickers STAR A and STAR B with the ISIN-codes SE0007158928 (A-share) and SE0005992831 (B-share). Remium Nordic is the company’s Certified Adviser.

For more information, please visit http://www.starbreeze.com.