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All publications by tag «Thunderful Group»

News November 14

Thunderful Group will lay off up to a hundred more employees

The Swedish holding company Thunderful Group announced its second restructuring of the year. The previous one occurred at the beginning of 2024, leading to the dismissal of 20% of its staff.

Thunderful Group is changing its strategy. It will focus on game development and publishing.

The Swedish holding Thunderful Group is withdrawing from the game distribution business. The company announced the sale of AMO Toys, Bergsala Aktiebolag, Thunderful 1, and Thunderful Solutions.

Thunderful Group closes the authors of The Last Kids on Earth and the Staff of Doom

Spanish studio Stage Clear Studios has become another victim of the restructuring of the Thunderful Group. The management of the holding announced the closure of the studio as part of the financial report.

Thunderful Group sells game distributor Nordic Game Supply amid financial problems

The Swedish holding company Thunderful Group continues to dispose of assets. A month after the sale of the publisher Headup Games, the company agreed to sell Nordic Game Supply.

Thunderful Group sells the publisher of the Bridge Constructor series of games

Thunderful Group has announced that Headup Games is coming under the control of Microcuts Holding, a company headed by Dieter Schoeller, founder and CEO of Headup Games.

News January 17

Thunderful Group to lay off 20% of staff as part of restructuring

The Swedish holding company Thunderful Group, which owns many game studios, is switching to economy mode. The company said it was forced to restructure because it had spent too much on purchases and investments over the past few years.

News February 22, 2023

Thunderful Group bought the studio of the authors of The Inner World and Say No! More

The Swedish holding company Thunderful Group has become the owner of another game development studio. Through his subsidiary Headup, he acquired the German Studio Fizbin.

News November 15, 2022

Thunderful Group Buys Limbo and Inside Producer’s Studio

The Swedish holding company Thunderful Group has agreed to purchase the Jumpship studio. He publicly announced the deal on the day of the release of Somerville, the company’s debut game.

News August 10, 2022

The head of the Thunderful Group will leave his post amid the company’s losses of $ 2 million in six months

Another company has changed its CEO. This time in the Thunderful Group. Instead of Brjann Sigurgeirsson, the Swedish holding company will be temporarily managed by Anders Maiqvist, a former CFO.

News May 20, 2022

Thunderful Group Quarterly Report: 85% drop in Profit and purchase of Islanders

Another Swedish gaming company has released a financial report. The Thunderful Group said the first quarter of this year was “weak.” Although its revenue increased by 7.3% to $61.4 million, operating profit fell seriously to $524 thousand.

Investments and transactions November 16, 2020

Swedish holding Thunderful Group became the owner of Station Interactive

Thunderful Holding continues to expand its portfolio. This time the company bought the Swedish studio Station Interactive together with all its assets and intellectual property.

Investments and transactions October 6, 2020

Swedish holding company Thunderful Group bought the developers of Jurassic World Aftermath for $29.8 million

The Swedish holding Thunderful Group will include the British studio Coatsink Software, which is also working on a VR project on the “Jurassic World”. The transaction amount was $29.8 million.Thunderful Group will pay $14.9 million in cash and the same amount in shares.