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Starbreeze Expects To Release Payday 3 Around 2022-2023 Despite Financial Struggles

Starbreeze has announced plans to release the third installment of Payday in 2022-2023 amid its financial woes.

The Swedish company is currently undergoing "reconstruction" as it continues the fight to remain in existence, having been under immense pressure since the failed launch of Overkill's The Walking Dead on Steam.

Things hardly went as planned in the wake of the game's release and the financial troubles that followed saw to the departure of boss Bo Anderson, as well as the sales of subsidiaries and various other staff exits.

Despite the struggles, the developers still plan to give fans Payday 3, revealing that they are working towards a launch in either 2022 or 2023.

PREVIOUSLY: Massive Layoffs Hit Payday Devs Starbreeze

Starbreeze published a report on Friday in which it highlights reconstruction plans and, given the popularity of the Payday franchise, there's hope that a future release could take the company back to more comfortable levels.

The company expects to be in a much better position soon enough, with new publishing agreements as it relates to Payday 3, the finalization of an agreement for said title, and the financial backing expected next year. There's also an expected inbound payment from a publishing agreement for mobile game Payday: Crime War.

"In light of the ongoing reconstruction work, Starbreeze AB (publ) provides an estimate of the business’s future cash flows from operations," the statement reads. "The company estimates that these cash flows will be positive, based on expected new publishing agreements in 2020 and an expected release of PAYDAY 3 in 2022–2023."

They've also reported having transferred core business assets and personnel to two new companies, New Starbreeze Publishing AB and New Starbreeze AB. IP rights have been transferred to New Starbreeze Publishing AB and it's expected that cash flow will be generated therein.

via engadget.com

"The reconstruction work is continuing and the company intends to present a reconstruction plan shortly," the statement continues. "As part of this work, the company will send letters to the creditors in the next few days with proposals for settlement. The letters will be followed by composition negotiations, after which the final reconstruction plan will be presented.

"What the company reports in this press release is not a forecast, but merely a cash flow estimate to enable creditors to form an opinion about the future repayment ability of Starbreeze."

So it appears that Starbreeze expects to be around for a while still. We wish them the best of luck and we're fairly certain Payday fans would love for things to go according to plan as well.

Source: Starbreeze.com

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