Game publisher Starbreeze is in such heavy weather that it is not certain that it can continue to run for another year. The Swedish company expects a liquidity shortage, or a shortage of cash, before the month of June is over.
Starbreeze is still looking for ways to get hold of more money, it writes in the financial report for the first quarter of 2019. It says that in that period and gross loss of about 15,000 euros turned around. Interim CEO Mikael Nemark calls the situation 'challenging'. PayDay 2 still ensures stable income for Starbreeze.
Yet there are several factors that cause loss. The company has been restructuring since December, which should only start saving in the course of 2019 and still cost money in the meantime. In addition, withdrawing Overkill's The Walking Dead from the market is a financial downer, since the costs have already been incurred but the proceeds are not received.
Starbreeze has also sold property, but at least that has not delivered the necessary. The sale of the System Shock 3 license has not delivered as much as expected, since Starbreeze has not been compensated for the work on it to date, which it does expect from the buyer. The same applies to 10 Crowns.
Starbreeze has been around since 1998 and is known for Payday 2, The Chronicles of Riddick, Syndicate and Brothers: A Tale of Two Sons. The famous game studio Overkill Software has been a subsidiary of Starbreeze since 2012.