With a well-deserved success, the game developed by Black Matter changes creamery since the license is bought by Team 17 – its publisher – for a few tens of millions of euros.
Team 17 had therefore scented the right vein with this war simulation initially released on PC during the year 2019. Seeing the growing success of this license, they decided to forge a partnership with Black Matter to develop a port of Hell Let Loose on new generation consoles. An idea that allowed to sell the title to more than 6 million copies. Remember that this was a time offered free of charge to PS Plus subscribers.
This acquisition for an amount close to 55 million euros allow the license to be sustainable by offering new downloadable content, new updates and why not new games. Here is the detailed press release.
Michael Pattison, CEO of Team17 Games Label commented :
“We are delighted to announce the acquisition of the IP Hell Let Loose. Hell Let Loose quickly became a highly believable and innovative multiplayer tactical first-person shooter supported by a very passionate and engaged community with over six million players. Having built a close and extremely productive relationship with Black Matter already, we believe that by integrating Hell Let Loose into the Team17 team, we can meet the needs of an ever-growing community, improve and develop the experience of existing players and develop new ones. We firmly believe that Hell Let Loose can become the ultimate large-scale team-based military simulation.
This acquisition represents a next important step in our strategy to expand our intellectual property property which is not only of the highest quality, but above all has the potential for long-term growth.”
Max Réa, founder and CEO of Black Matter.
“This is a wonderful opportunity for our fans and a logical next step in the development of Hell Let Loose as a brand. Team17 loves our brand and our community like us, which has successfully spread across multiple platforms. We have worked very closely with our good friends at Team17 over the past few years and firmly believe that this acquisition is the next logical step in allowing us to continue delivering great content to the very passionate HLL community, as well as finding new ways to engage and be entertained in the future.
We are really excited to continue working with Team17 on the next growth stage for Hell Let Loose. ”