Gearbox acquires a new studio to work on Borderlands 4 and a new IP
Borderlands creator Gearbox Entertainment is so big now that it’s acquiring game studios.
Gearbox Entertainment is an important part of Embracer Group’s decentralized empire and has just made its first major acquisition. The gearbox has bought independent studio Lost Boys Interactive to help work on Borderlands 4, a new IP, and other projects. In October 2021, Randy Pitchford of Gearbox saidmay make acquisitions in the future.
Lost Boys Interactive has 220 employees, and the deal brings Gearbox Entertainment’s total headcount to 1,300. acquired Perfect World Entertainment (Star Trek Online, Neverwinter Nights) in 2021 and made it a subsidiary of Gearbox.
Gearbox has stepped up its expansion plans since its inception acquired by Embracer for $363 million with a total payout of up to $1.3 billion if certain conditions are met. Gearbox has used these funds to open a new studio in Montreal, bolster its publishing and multimedia production units, and make strategic buyouts like the one announced today.
The Gearbox Entertainment Company currently consists of three divisions:
- Gearbox software – Develops games like Borderlands 3, Tiny Tina’s Wonderlands
- Gearbox Edition – Publishes indie games like Risk of Rain 2 and Tribes of Midgard
- Gearbox Studios – Transmedia content like the Borderlands movie
“I’m thrilled that Chase, Rod, Shaun, Mark and my old friend Tim, along with all the amazing talent at Lost Boys, are having an immediate and positive impact on the games secretly in development at Gearbox Software,” Gearbox boss Randy Pitchford said in a press release.
Lost Boys is currently going through a period of rapid expansion, targeting 350 team members by 2024. Lost Boys will operate as a subsidiary of Gearbox, within the growing Embracer family, and will continue to operate independently under Gearbox Entertainment while working in tandem with Gearbox. on complete development projects. Shaun Nivens, CEO of Lost Boys, will report to Steve Jones, President of Gearbox Software.