Stillfront Group is considering the sale or closure of some of its subsidiary studios
The Swedish gaming holding Stillfront Group may become slightly smaller. It has launched a strategic review of its assets, which might result in the divestment of some studios.
In a statement, Stillfront Group declared that the holding aims to reallocate resources “in favor of the most promising franchises and projects.” Ultimately, this will enhance its own value.
Stillfront Group decided to reassess its assets amid ongoing restructuring efforts. Last September, it announced plans to split the business into three areas, along with the initiation of a cost-saving program. Just a week ago, the holding merged the studios Bytro Labs and Dorado Games into a single team — Twin Harbour Interactive.
Currently, Stillfront Group's lineup includes, apart from Twin Harbour Interactive, studios such as Playa Games, KIXEYE, Sandbox Interactive, Jawaker, 6waves, Storm8, Goodgame Studios, Nanobit, and many others.