South Korean sport writer Smilegate has made a strategic funding and develop into a accomplice in Absurd Ventures, a sport studio based by Rockstar Video games cofounder Dan Houser.
Houser spent greater than 20 years at Rockstar video games and drove the artistic route of the Grand Theft Auto and Purple Useless Redemption franchises, which have collectively offered greater than 550 million models worldwide. (Theoretically, that’s about $33 billion price of video games). Houser left Rockstar Video games in 2020.
By way of this settlement, Smilegate may have the chance to accomplice on Absurd Ventures’ new mental property, which has been within the works since Houser began the studio in 2021. I’m trying ahead to seeing the artistic output of this mixture, as Houser was a part of a proficient group at Rockstar that rose to the head of the sport business. This can be a check as as to whether he can do extra of the identical, this time with a South Korean juggernaut behind him as an alternative of Rockstar and Take-Two Interactive.
One other GTA veteran, Leslie Benzies (pictured beneath left), has additionally struck out on his personal — leaving Rockstar and beginning up the Construct A Rocket Boy studio — and is working with IO Interactive on a sport referred to as Mindseye in addition to a bigger sport universe dubbed In all places.
In an announcement, Houser stated, “This collaboration with Smilegate was borne from a mutual respect and a philosophical alignment with founder (Hyuk-bin) Kwon, and the great passion he and his team bring to making AAA games. We both want to build interesting worlds and new player experiences.”
It’s a giant alternative for Smilegate — the maker of video games comparable to Crossfire and Misplaced Ark — to group up with Houser, who creatively oversaw globally profitable IPs which are cultural cornerstones and rooted in immersive storytelling.
Joonho Sung, CEO of Smilegate, stated in an announcement, “We are thrilled to collaborate with the developers behind globally renowned series that have millions of fans worldwide. Together with Absurd Ventures, Smilegate aims to deliver games that players across the globe will love. This partnership marks a critical milestone in Smilegate’s journey toward becoming a global IP powerhouse.”
Because the artistic director and lead author of Rockstar’s greatest video games, Houser conceived indelibly wealthy worldbuilding, charming and generally heart-breaking tales, and created iconic characters like
Tommy Vercetti, Arthur Morgan, Trevor Phillips and John Marston to call only a few.
Houser’s group at Absurd Ventures consists of key leaders and expertise from his time at Rockstar Video games in addition to govt sport growth veterans who labored on Name of Obligation, Pokemon Go! and lots of different triple-A franchises.
Based mostly in Santa Monica, California, (with places of work in Marin County, California), Absurd Ventures is at the moment at work constructing a daring new imaginative and prescient with various new IP universes throughout a big selection of mediums, together with video video games in addition to live-action and animated TV and movie, audio fiction podcasts, books, comedian books and extra.
Whereas Absurd Ventures’ online game initiatives are in early phases of growth, the group did launch a success audio fiction sequence this yr set in a brand new science-fiction universe. The sequence, A Higher Paradise, debuted at No. 1 on Apple’s Fiction charts. And Absurd Ventures can even be introducing its American Caper crime-fiction universe as an authentic comedian ebook sequence in 2025.
A 3rd IP universe from Absurd Ventures can even be revealed quickly. Smilegate is the creator of the blockbuster franchises Crossfire, which was launched in 2007 as a first-person shooter sport and it has a billion registered players (eight million concurrent) in 80 international locations. Misplaced Ark debuted in 2018 in South Korea in 160 international locations and it’s nonetheless going sturdy with over 1.32 million concurrent gamers on Steam.
As a part of this funding, Smilegate is is steadily solidifying its place as a worldwide IP powerhouse. Smilegate and Absurd Ventures will every leverage the energy of the opposite into new and sustainable enterprise alternatives.
Smilegate will profit from Houser and his group’s confirmed narrative, triple-A sport and enterprise
experience within the Western market, whereas Absurd will profit from Smilegate’s experience within the Asian market. The 2 corporations will pool one another’s strengths in areas comparable to on-line/dwell service, given Smilegate’s success with Crossfire and Houser and his group’s expertise overseeing the wildly profitable Grand Theft Auto On-line.
Smilegate was suggested by DLA Piper and Absurd Ventures was suggested by Grubman Shire Meiselas & Sacks, P.C. with respect to the transaction.
