Starbreeze raises funds for development of Overkill’s The Walking Dead
By Adam Carlson
The road to the publishing of Overkill’s The Walking Dead has been a bumpy and delayed process, but things are back on track after Starbreeze raised more funds.
Overkill has been teasing their game based on The Walking Dead for a long time. There have been multiple delays in the development of the project that has raised questions as to whether or not publishing would actually happen.
The forecast looked even bleaker after a poor reception for their RAID: World War II took potential funds away from the marketing budget of the upcoming zombie survival game scheduled for release in fall of 2018.
Thankfully, Starbreeze shared a press release stating that the company has sold approximately $30 million in stock and has put the publishing and marketing for the game back on track.
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Here is the statement from Starbreeze concerning their sale of stock as well as their intentions on what to do with the funds:
"“The Company intends to use the net proceeds from the directed share issue and the planned rights issue to ensure the financing of the existing business plan until the release of OVERKILL’s The Walking Dead, scheduled for the fall of 2018, and to leverage business opportunities to accelerate growth and broaden the revenue base within the core business.”"
The additional funds will be used for publishing more titles, expanding existing games to new platforms and regions, extend the development play of PAYDAY 2 and accelerating the production of PAYDAY 3.
Next: Everything we know about Overkill's The Walking Dead
What could have been a huge disaster and another delay for Overkill’s The Walking Dead has been averted. And, for now, it appears as though the game will still see a release on all major platforms in the fall of 2018.