In an agreement worth €5 million, Italian video game publisher 505 Games has bought over the intellectual property (IP) of cyberpunk slasher Ghostrunner from fellow Polish publisher All In! Games.
According to the press release, 505 Games had its sights set on the cyberpunk-themed title"s IP rights when All In! Games first acquired them. However, the duo couldn"t settle for a deal that made both parties happy at first. Following the launch and warm reception of Ghostrunner, the Polish publisher made 505 an offer that was "hard to refuse", in the words of Piotr Żygadło, CEO of All in! Games.
Speaking about the transfer of IP rights, Żygadło further commented:
“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. 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.”
Following the deal worth millions of euro, 505 Games now owns IP rights to Ghostrunner, all the tech used in the title and all its licenses exclusively. As per the terms of the contract, All In! Games will still continue to earn an undisclosed share of profits from the action game.