The pieces of the puzzle fit together little by little. A few weeks ago we learned that Ebba Ljungerud, CEO of Paradox Interactive, left the company due to differences in strategic vision. At that time we were not sure what he was referring to, but perhaps now we have an answer: the company has canceled several video games I had in development.
In a new statement on the official Paradox Interactive website, the company explained that it has decided “interrupt development several unannounced games“The direct consequence of this decision is that the earnings of the third quarter of 2021 will register a loss of about 13 million euros, something that the study has recognized.
“Cancellation is a consequence of strategy of the company to focus resources and expertise on its gaming niches and tested projects that better satisfy the requirements of the company in terms of profitability and risk, “explained Paradox. Cancellations of unannounced projects since the third quarter of 2020 have a value of about 26 million euros.
“Paradox Interactive was born and raised in the games of strategy and management. It is where we have our hearts and minds, and we are passionate about creating games that our players can enjoy for a long period of time, “explained new CEO Fredrik Wester. It looks like the company will focus on less games with a longest journey in the time.
“We have further refined our portfolio to ensure that the projects with the highest potential have the necessary resources for the best possible development. We now have a promising portfolio of games and I look forward to sharing these games with our players for years to come, “commented Wester. One of the most anticipated games is Victoria 3, the return of the classic series, and Vampire is also in development: the Masquerade – Bloodlines 2.