Funcom has acquired Cabinet Group, which is home to dozens of intellectual properties including Conan the Barbarian, Mutant Year Zero, and Solomon Kane.
Cabinet Group’s entire portfolio will be incorporated into Heroic Signatures, an intellectual properties studio that was originally a joint venture between Funcom and Cabinet Group, and is now a Funcom subsidiary. It manages and develops its properties in all forms of media, including motion picture, television, and the video games, publishing, and toy / collectibles industries. At least one unannounced project is already in development.
“We are currently overseeing the development of an unannounced game which will combine many of the characters in the Robert E. Howard universe,” said Funcom CEO Rui Casais in a press release. “And if you combine Funcom’s knowledge of games with Heroic Signatures’ knowledge of the TV / entertainment, publishing, and licensing industries, it makes us perfectly placed to take this venture to the next level. It’s exciting times ahead for us and for fans of the intellectual properties.”
Cabinet Group co-founder and CEO Fredrik Malmberg will remain onboard as president of Heroic Signatures.
“We took Cabinet Group as far as we could as an independent studio, but in order to achieve further growth, we were in need of bigger financial investments and infrastructure,” Malmberg said.
“The entertainment industry is rapidly becoming more ”techified.’ We’ve seen brilliant examples of how games have incorporated IPs in innovative ways to reach audience numbers that vastly surpass previous levels. What Fortnite has done with The Avengers, for instance, or the impact a live in-game concert can have on awareness. We are looking forward to sitting down with other entertainment companies who share our vision and wish to take part in the exciting journey we have ahead.”
Watch a trailer for Heroic Signatures below.