Microsoft Acquires Double Fine Productions, New Psychonauts 2 Trailer Released

Psychonauts 2 has received a new trailer at E3 2019. Microsoft also announced that they have acquired Double Fine Productions making it another new studio acquisition that they announced at this E3.

Microsoft announced a slew of new studio acquisitions at last E3 and they followed it up with some more during the Xbox Fan Fest at the end of last year. This E3 was no different when the confirmed that Double Fine Productions will join Microsoft Game Studios.

Watch the official video by Double Fine Productions around them joining Microsoft.

The rights of Psychonauts 2 were acquired by Starbreeze but after this deal, they are now brought back by Microsoft. Here is a press release and new trailer for Psychonauts 2 that was shown today.

Despite Microsoft acquiring them, Psychonauts 2 will also launch on other platforms including PC and PS4.

Starbreeze acquired the publishing rights for Double Fine’s Psychonauts 2 in 2017 with a commitment to invest 8 MUSD for the development of the title.

As previously announced, Starbreeze will focus on its core business of games development and publishing.

“As we continue the work of securing long-term financing for Starbreeze, it’s extremely important that we find the best possible structure for the company in the long run. Although we see the Publishing unit as part of the core business, it is a cash intense business and requires continuous investments to enable the products to be launched successfully. We definitely want to continue being a best in class Publishing partner for external studios in the future, but our main focus right now is to secure the continued operations of the internal games development and self-publishing units”, said Mikael Nermark, acting Starbreeze CEO.

No release date was shared for the game aside from the new trailer but the confirmation of multiple platforms should make it clear that the game is not an exclusive now.

Khurram Imtiaz

Editor-in-Chief at GearNuke. When I am not posting news, I can be seen sharing my thoughts over at Twitter.

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