Valhalla Game Studios Form Joint Venture With Korean Developer

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Valhalla Game Studios are forming a joint venture with Doobic Co., Ltd., a Korean developer of online PC shooters, for the continued development of their Devil’s Third franchise, rights for which were recently handed back to them by THQ. Valhalla CEO, Satoshi Kanematsu, posted the following message today:


To all our fans and members of the industry, thank you for your continued support.


We would like to announce that Valhalla Game Studios Co., Ltd. and Doobic Co., Ltd., a top developer of online shooters for the PC, have entered into a mutual technical collaboration contract. Additionally, Valhalla Game Studios and Doobic have reached an agreement to establish a new joint venture corporation, Valhalla & Doobic Co., Ltd.


We would also like to announce our decision to contract the development of the PC and tablet versions of “Devil’s Third” to Valhalla & Doobic Co., Ltd.


In addition to both home console and PC versions, Valhalla Game Studios plans to expand the “Devil’s Third” universe across a variety of digital devices and through various forms of entertainment.


The technical collaboration agreement we have reached with Doobic will greatly help in accelerating the expansion of the “Devil’s Third” franchise.


We will continue to do our best to fulfill your expectations, and we sincerely hope for your continued encouragement and support.


Prior to this, Valhalla announced that they intend to expand the Devil’s Third franchise to other forms of media as well, including manga, animation and films.

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Ishaan Sahdev
Ishaan specializes in game design/sales analysis. He's the former managing editor of Siliconera and wrote the book "The Legend of Zelda - A Complete Development History". He also used to moonlight as a professional manga editor. These days, his day job has nothing to do with games, but the two inform each other nonetheless.