PlayWay S.A. acquired an 81% controlling stake in the Poznań-based studio Frozen District in December 2016.
The acquisition was finalized following a 299,700 PLN cash contribution from PlayWay S.A. to Frozen District.
The investment was formalized through an amendment to an October 2016 agreement with founding partners Duszan Chaciej, Maksymilian Strzelecki, and Jakub Niewęgłowski.
Frozen District’s primary operational objective following the acquisition is the development of the multi-platform title Warlocks 2.
Warlocks 2 is planned for release on both PC and console platforms.
The transaction was executed to integrate Frozen District into the PlayWay ecosystem and secure its intellectual property catalog.
PlayWay S.A. has formalized a significant expansion of its development portfolio through the execution of an annex to a previous investment agreement and the subsequent acquisition of a majority stake in the Poznań-based studio Frozen District. This transaction, finalized in December 2016, involved an amendment to the original October 2016 agreement with founding partners Duszan Chaciej, Maksymilian Strzelecki, and Jakub Niewęgłowski. The primary purpose of the amendment was to extend the deadline for the investor to subscribe to shares in the newly formed entity’s increased share capital.
Under the terms of the finalized agreement, PlayWay S.A. committed a cash contribution of 299,700 PLN to Frozen District. Upon the formal registration of this capital increase in the National Court Register, PlayWay S.A. secured an 81% controlling interest in the company. This strategic investment integrates Frozen District into the broader PlayWay ecosystem, establishing a clear ownership structure between the parent company and the individual founding partners.
The primary operational focus for Frozen District following this acquisition is the development of Warlocks 2, a sequel to the existing title Warlocks vs Shadows. The project is slated for release on both PC and console platforms, signaling a multi-platform approach for the studio’s upcoming output. This move reflects a broader industry trend of established publishers securing majority stakes in independent development teams to stabilize production cycles and expand intellectual property catalogs. The disclosure was made in compliance with market abuse regulations regarding the release of inside information by publicly traded entities on the Warsaw Stock Exchange.
