Nuclear Throne and Ridiculous Fishing developer Vlambeer is back in business after co-founder Jan Willem Nijman purchased 100 percent ownership of the studio.Nijman, who previously owned 50 percent of the studio, acquired the other half from fellow co-founder Rami Ismail after the pair decided that Vlambeer would be "better off" in the hands of a sole owner.The move means Vlambeer, which was effectively placed into stasis in 2020 after the duo parted ways to pursue other ventures, is making something of a comeback.In a thread on X, Nijman explained he will make sure Vlambeer's long-gestating project Ultrabugs finally gets released and will provide an update for Ridiculous Fishing EX."I want to preserve the classic Vlambeer games, and make sure they get the maintenance they need to stay playable far into the future. So many games get lost in time and it’s a damn shame," he added. "And last but not least: I’m going to keep making indie games with cool small teams like I always have! A big thanks to all of Vlambeer’s amazing collaborators, and everyone who made our games possible throughout the years."In a separate post, Ismail described the decision to relinquish his stake in the studio as a "big moment" but added it will enable the company to forge a better, more sustainable future."In the almost half-a-decade since Vlambeer shut down, it has become clear that —while we were both happy with our new freedom and our ability to work independently from each other— we were not fully happy with where things ended up. It felt like a strange limbo in which neither of us could commit the time and effort Vlambeer needed to be maintained, but both of us were dependent on each other to take any action," he wrote."Ultimately, we’ve come to the conclusion that Vlambeer is better off in the hands of one of us. After discussing what that means and who should be that one, I have decided to let Jan Willem buy out my share of Vlambeer. Jan Willem’s current work still closely aligns with the aesthetics of the studio, and his continued focus on small games continues to fit the brand."Ismail stated that Vlambeer will "always be part of who I am," but that he will no longer be a part of Vlambeer. "For me, that is the end of one story–and the beginning of yet another," he continued."With this newly gained freedom & time, my future as a game developer lies in a few quite different projects that are spinning up that are no longer fit within the aesthetics and brand that Vlambeer has so carefully curated over the years. And my personal interests continue to focus on initiatives that support the industry globally and locally, and in helping good people make good games in good ways."
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Embracer has secured a new €600 million revolving credit facility with a two-year tenor.The Swedish conglomerate has an option to extend its new credit line for an additional year and claims it will help reduce interest expenses through "improved terms and a reduced financial leverage."The new facility will replace Embracer's remaining SEK 4.8 billion (€420 million) revolving credit facility, which matures in May 2025."Thanks to the significant measures taken throughout the current calendar year, we have strengthened our financial structure and responsibly reduced our financial leverage," said Embracer CEO Lars Wingefors. "This step is part of our transition to becoming a leaner and more focused company."
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Recent Posts
- AppMagic secures $3 million investment to put into international sales teams
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