Annapurna specializes in film production, video game development, publishing, television, and live theatre. Through the acquisition, Annapurna will expand its interactive division and facilitate the growth of 24 Bit Games‘ development team and proprietary technology toolkits, catering to existing client projects and upcoming ventures. Under the new ownership, the current employees and leadership of 24 Bit Games will maintain their roles, ensuring continuity in the studio’s day-to-day operations.
Both companies have expressed their commitment to furthering the advancement of 24 Bit Games and collectively supporting the South African game development industry. Deborah Mars, Co-Head of Annapurna Interactive, emphasized the longstanding collaboration and stated:
“Annapurna has been working with 24 Bit for many years, and we value not only the caliber of their work but their team as well. They’ve always shared our commitment to quality, and by taking our partnership to the next level, we feel like anything is possible.”
With a diverse portfolio encompassing projects ranging from porting to co-development and tool production for independent and AAA studios across various platforms, 24 Bit Games has established itself as a trusted entity in the industry. The studio’s client list includes various publishers, developers, media companies, and tech platforms.
Luke Lamothe, CEO of 24 Bit Games, commented:
“We deeply respect Annapurna’s approach to curating a portfolio of great games, its value system around building and extending IP, as well as the company culture. We have truly enjoyed working together over the years, and we believe we are joining Annapurna at an exciting moment of growth and expansion.”
This acquisition marks Annapurna’s first venture into acquiring a game development company. The joint commitment of both Annapurna and 24 Bit Games to foster game development opportunities in South Africa reflects their dedication to the growth and sustainability of the local industry.
Annapurna, renowned for collaborating with game creators globally, recently released the story-driven adventure game “Thirsty Suitors” on November 2. Their award-winning portfolio includes titles such as “Stray,” “Cocoon,” “Outer Wilds,” and “Neon White,” showcasing their diverse range of offerings in the gaming world.