JoWood snares DreamCatcher

Austria-based company has entered into an agreement to buy Canadian publisher of Painkiller.

by

Hot on the heels of the Namco Bandai union last week, as well as news of Krome Studios buyout of Melbourne House, two more game companies have joined forces.

Publisher JoWood has announced that DreamCatcher will become a wholly owned subsidiary and continue to operate from its office in Toronto, Canada. The acquisition will be completed through a share deal whereby JoWood will increase its share capital so that shareholders of DreamCatcher will hold a 23 percent stake in JoWood once the deal is finalised.

JoWood is one of the largest publishers of German-language games and is responsible for titles such as the Gothic 3, The Guild 2, and Panzer Elite Action.

DreamCatcher launched in 1996 and is best known for the first-person shooter Painkiller, as well as point-and-click adventure game division The Adventure Company titles Syberia, Still Life, Keepsake, and Dark Fall.

Richard Wah Kan, president and CEO of DreamCatcher, said he was pleased to announce the deal. "JoWood possesses a great lineup of titles, supported by some dynamic brands, and we are thrilled about helping to further grow those brands in North America," he said in a statement. "There are some incredible synergies that are now in place that will enable us to build a very strong global company."

The move is also expected to improve JoWood's presence in North America. Albert Seidl, CEO of JoWood Productions Software AG, added that the bringing together of the two companies would let JoWood immediately start marketing DreamCatcher titles. "We are looking at DreamCatcher as our North American counterpart, and there are numerous and important synergies waiting to be exploited by all of us," said Seidl.

Discussion

26 comments
Jbentkowski2
Jbentkowski2

JoWood sucks, Soldner and it's expansion had much potential but it was done poorly, you think they would have learned by the time they created the expansion but it's almost completely the same aside from a tad bit of new content. Just shows their laziness. I dont know much about dreamcatcher but i know painkiller was good. All of you saying otherwise either A; haven't played. or B; Demand some type of incredibly complicated rpg or strategy game to hold your attention.

smfes
smfes

This game pwns, bought it from steam TM

_Sam_
_Sam_

I'm glad that they won't be closing that location

hazuki
hazuki

JoWood made the awesome game chaser for the pc. Very underrated game. Dreamcatcher has painkiller. Hmm, well as long as they stick with pc games and no more trash ports like that xbox painkiller, it shall be interesting.

cjcr_alexandru
cjcr_alexandru

I liked Painkiller and I liked Spellforce (not as much cause I couldn't go past a mission). But the 2 companies together... I don't know.

KarthikKane
KarthikKane

Both companies have the worst QA and bug testing team.

Rowedahelicon
Rowedahelicon

Dreamcatcher SUCKS! They were lucky to get Painkiller, but it's not their kind of game at all. I mean they're so bad that whenever I see the Dreamcatcher or Adventure Company brand I immediately lose all interest. JoWood on the other hand, I don't know why you guys are talking crap about them. They've put out some mediocre titles, but they've put out a lot of excellent titles, too. The Spellforce series, Gothic series, Arx Fatalis, and Etherlords just to name a few. I hope they let the Dreamcatcher name just die.

darklord888
darklord888

jowood sucks. :( I hope they don't ruin dreamcatcher

absinthewfaust
absinthewfaust

this is a terribly day. jowood games lately have been overhyped filth. i hope they don't ruin dreamcatcher like they ruined themselves.

halBU
halBU

Despite some of the other disparaging comments, Painkiller was an above average action first-person-shooter with some decent replayability features. Unfortunately, I gave up after playing through it once and then moving to Nightmare mode where it continues to CTD randomly after saves. Oh, and maybe they'll keep the official site online consistently now.

Ballistic90
Ballistic90

For the uninitiated: JoWood made Silent Storm for the PC, which is one of the best tactical games I've ever played. Dreamcatcher had a few decent games too, like Hegemonia and they are one of the few remaning publishers of point and click adventure games. I'm not a fan of them, but the industry used to have a lot of them. I actually live about a 20 minute walk from Dreamcatcher's headquarters and I was interviewed by them once. They're nice people, I just wish they would sign on better developers....

edubuccaneer
edubuccaneer moderator moderator

Well, they were both companies making similar games, might as well make games under one flag.

KingofTrolls
KingofTrolls

Who cares this isn't important news anyways. Both these companies make crap games.

TintedChimes
TintedChimes

more games please, painkiller wasn't that fun by the way.

Murpheus007
Murpheus007

Painkiller = mediocre game no matter what anyone says. I usually don't get too excited when any two companies get together like this. If they produce a really good game or group of games due to this then great. But I doubt it.

piecake
piecake

well thats capatism!

Dace67
Dace67

I don't know how to look at this. There is a bery mixed bag of games between the two companies. I hope they'll put some good games out but I'm not holding my breath.

Sociologist
Sociologist

Jowood is known to have made some of the worst PC games in recent memory, while Dreamcatcher did the same. I suppose it's news that one terrible publisher/developer is buying out another. Anyone remember Soldner? lol. What about Dreamcatcher's published game by Derek Smart, Universal Combat! Now, that's quality! ;-)

DJGeki
DJGeki

Aren't JoWood the team that had a hand in killing the Stargate SG-1 game?

Reetesh
Reetesh

JoWood were the guys who made neighbours from hell!! a Great game indeed!

CheddarLimbo
CheddarLimbo

More and more consolidation in the industry. It's hard to know if that will make for better games in the long run. Bigger companies lack innovation sometimes, but they are more stable and better prepared to take risks.

blackIceJoe
blackIceJoe

I think this is great news I do think this could make the PSP even better. But you never know. This company Jowood is not that great so with them having another company this could help make the game better. So when the game comes out it should be better then it would have been. Because now two company's will have there say in the game.

Helghast_Merc
Helghast_Merc

I liked Painkiller when it was first released, although it had some annoying bugs but nothing the latest patches didn't fix. I am just curious about what their next game will be.

Pastehunter
Pastehunter

Man , I hope the PSP version of Painkiller wont suffer from this , oh and 1st post :P