Paradox Interactive has discontinued the development of several unannounced titles. The company has written down their value, which is $15.3 million (135 MSEK), impacting the Q3 2021 profit before tax.
The company decided to scrap the projects “to focus resources and expertise on its proven game niches and projects that better meet the company’s requirements on returns and risk.”
Since the Q3 2020, Paradox Interactive has cancelled the development of unannounced projects, collectively worth $30 million (265 MSEK) in write-offs.
“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,” says CEO Fredrik Wester.
Paradox Interactive now has fifteen new games in development, some are new titles and some are sequels on existing franchises.