Through a press release, Electronic Arts has settled a (death sentence) acquisition deal with Respawn Entertainment. The studio responsible for games like Titanfall will be part of EA Worldwide Studios. In other words, their projects will be distributed under Electronic Arts.
Under the agreement, EA will pay $151 million in cash, and up to $164 million in long-term equity in the form of restricted stock units to employees, which will vest over four years. In addition, EA may be required to pay additional variable cash consideration if Respawn reaches milestones before 2023. Making a total of $455 Million Dollars in investment for Respawn.
“We’ve seen firsthand the world-class caliber of Respawn as a development studio with incredible vision, deep talent and an inspiring creative mindset,” said Andrew Wilson, CEO of Electronic Arts. “Our longtime partnership is grounded in a shared desire to push the boundaries and deliver extraordinary and innovative new experiences for players around the world.”
On his own account, the co-founder and general director of Respawn, Vince Zampella cleared the use and distribution of the resources provided to the studio.
“We started Respawn with the goal to create a studio with some of the best talent in the industry, and to be a top developer of innovative games,” said Vince. “We felt that now was the time to join an industry leader that brings the resources and support we need for long term success, while still keeping our culture and creative freedom.
EA has been a great partner over the years with Titanfall and Titanfall 2, and we’re excited to combine our strengths. This is a great next step for Respawn, EA, and our players.”
The press release also mentions that Respawn will be working on a new game from the Titanfall franchise. As well as a game that will be related to Star Wars, because of course they are.