Just Cause developer Avalanche Studios now belongs to Nordisk Film

Just Cause and Mad Max developer Avalanche Studios has new ownership. Danish entertainment company Nordisk Film has acquired Avalanche for a total of 117 million euros ($136 million). This is part of Nordisk Film’s strategy to invest more in game developers in the Nordic region — and bringing in the Stockholm-based Avalanche is a big move toward executing on that plan.

Nordisk Film first acquired a minority stake in Avalanche in 2017. The companies have worked together since then, and that partnership went so well that Avalanche spent 84 million euros ($98 million) to take control of the remaining shares.