LegalPlayWay
Current Report No. 62/2018: Establishment of Stolen Labs S.A. and GameBoom VR Sp. z o.o.
21 Nov 20182 pages~1 min full read
PlayWay S.A. established two new Warsaw-based subsidiaries in November 2018, Stolen Labs S.A. and GameBoom VR Sp. z o.o., to diversify its development capabilities.
See it on page 1Stolen Labs S.A. was founded with 100,000 PLN capital, with PlayWay S.A. holding a 90% stake and a private individual holding 10%.
See it on page 1Stolen Labs S.A. is tasked with developing Thief Simulator 2 and is scheduled to acquire the intellectual property rights for the original Thief Simulator in Q1 2019.
See it on page 1GameBoom VR Sp. z o.o. was established with 5,000 PLN capital, with PlayWay S.A. maintaining a 99% ownership interest.
See it on page 1GameBoom VR Sp. z o.o. is dedicated to the virtual reality market, with plans to increase share capital and build a team to port existing PlayWay titles to VR platforms.
See it on page 2PlayWay S.A. expanded its corporate structure in November 2018 through the establishment of two new subsidiaries, Stolen Labs S.A. and GameBoom VR Sp. z o.o., both headquartered in Warsaw. This strategic move aims to diversify the group’s development capabilities and streamline the management of specific intellectual properties. The formation of these entities reflects a targeted approach to both original PC game production and the burgeoning virtual reality market.
Stolen Labs S.A. was founded with an initial share capital of 100,000 PLN, divided into one million shares. PlayWay S.A. maintains a dominant 90% stake in the company, having contributed 90,000 PLN, while a private individual holds the remaining 10%. The primary objective for Stolen Labs is the production of PC titles, specifically the development of Thief Simulator 2. Furthermore, the company is scheduled to receive the intellectual property rights for the original Thief Simulator title during the first quarter of 2019.
Simultaneously, GameBoom VR Sp. z o.o. was established with a starting capital of 5,000 PLN, with PlayWay S.A. holding a 99% ownership interest. This subsidiary is positioned to focus exclusively on the virtual reality segment. Future plans involve increasing the company's share capital and integrating a specialized technical team dedicated to porting existing titles from the PlayWay portfolio to VR platforms. These organizational developments represent a clear intent to leverage successful existing franchises while building internal expertise in specialized hardware segments.
