LegalPlayWay
Current Report No. 28/2020: Establishment of 5 New Joint-Stock Companies
24 Jul 20201 pages~2 min full read
PlayWay S.A. established five new joint-stock subsidiaries on July 24, 2020, to decentralize production across Warsaw, Katowice, Krakow, and Wroclaw.
PlayWay maintains majority ownership in all five entities, holding 70% of Game Crafters Studio, SimRail, and DreamWay Games, and 80% of Soro Games and GameFormatic.
Four of the new subsidiaries plan to raise a combined 6.1 million PLN from third-party investors, which will dilute PlayWay’s stake by a maximum of 8% per entity.
Each company was founded with an initial share capital of 100,000 PLN, consisting of one million shares valued at 0.10 PLN each.
SimRail will focus on transport simulation in partnership with SimKol Sp. z o.o., while GameFormatic is dedicated to VR adaptations of existing group IP like Car Mechanic Simulator.
Game Crafters Studio will specialize in strategy titles, while DreamWay Games has begun development on projects including Espresso Tycoon and 872 Days – Siege of Leningrad.
Soro Games is currently developing a portfolio that includes the titles Renovators and Bank Robbery.
PlayWay S.A. expanded its corporate structure on July 24, 2020, through the establishment of five new joint-stock companies in collaboration with individual developers and SimKol Sp. z o.o. The newly formed entities include Game Crafters Studio S.A., Soro Games S.A., SimRail S.A., GameFormatic S.A., and DreamWay Games S.A. These subsidiaries are distributed across major Polish cities, including Warsaw, Katowice, Krakow, and Wroclaw. Each company was founded with an initial share capital of 100,000 PLN, divided into one million shares at a nominal value of 0.10 PLN per share.
The ownership structure grants PlayWay a majority stake in all five entities, holding 70% of the capital in Game Crafters Studio, SimRail, and DreamWay, and 80% in Soro Games and GameFormatic. To facilitate further development, the first four companies plan to increase their share capital to raise a combined 6.1 million PLN from third-party investors. These capital increases are expected to dilute PlayWay’s ownership by a maximum of 8% in each respective entity.
The strategic focus of these new subsidiaries spans various gaming genres and technologies. Game Crafters Studio will focus on strategy titles, while Soro Games is developing a portfolio including Renovators and Bank Robbery. SimRail will leverage the expertise of SimKol Sp. z o.o. to produce rail, bus, and tram simulators. GameFormatic is tasked with virtual reality adaptations of existing group intellectual property, such as Car Mechanic Simulator VR and Uboat VR. DreamWay Games has initiated production on several titles, including Espresso Tycoon and historical projects like 872 Days – Siege of Leningrad. This expansion reinforces a decentralized production model aimed at diversifying the group's output across simulation, strategy, and VR segments.
