{"id":6865,"date":"2026-05-07T16:17:44","date_gmt":"2026-05-07T16:17:44","guid":{"rendered":"https:\/\/delimiter.online\/blog\/ccp-games-rebrands-as-fenris-creations\/"},"modified":"2026-05-07T16:17:44","modified_gmt":"2026-05-07T16:17:44","slug":"ccp-games-rebrands-as-fenris-creations","status":"publish","type":"post","link":"https:\/\/delimiter.online\/blog\/ccp-games-rebrands-as-fenris-creations\/","title":{"rendered":"CCP Games rebrands as Fenris Creations after Pearl Abyss sale"},"content":{"rendered":"

The developer of the long running space simulation game Eve Online<\/a> has been sold and is now operating under a new name. CCP Games<\/a> was acquired by its chief executive officer from South Korean publisher Pearl Abyss<\/a> earlier this week for $120 million, a transaction that includes $20 million in cryptocurrency.<\/p>\n

The company has been rebranded as Fenris Creations. The sale marks a significant change for the studio, which had been owned by Pearl Abyss since 2018. The new entity will continue to develop and support Eve Online and other projects.<\/p>\n

Details of the sale and rebranding<\/h2>\n

The transaction was completed this week. Pearl Abyss, the South Korean video game company known for titles like Black Desert Online, had purchased CCP Games in September 2018 for approximately $425 million. The current sale price of $120 million represents a significant reduction from the original acquisition cost.<\/p>\n

As part of the deal, $20 million of the purchase price was paid in cryptocurrency. The exact type of digital currency used in the transaction has not been publicly specified. The remaining $100 million was paid in traditional currency.<\/p>\n

The rebranding to Fenris Creations takes effect immediately. The company will retain its development teams and its headquarters in Reykjavik, Iceland. Fenris Creations will continue to operate as an independent studio.<\/p>\n

Background on CCP Games and Eve Online<\/h2>\n

CCP Games was founded in 1997. The studio is best known for Eve Online, a massively multiplayer online role playing game that launched in 2003. The game is set in a persistent science fiction universe and is known for its player driven economy and complex political systems. Eve Online has maintained a dedicated player base for over two decades.<\/p>\n

The studio was acquired by Pearl Abyss in 2018 as part of an expansion strategy into Western markets. Pearl Abyss intended to leverage CCP Games\u2019 expertise in developing large scale multiplayer online games and its established intellectual property. The sale in 2024 reverses that strategic direction.<\/p>\n

Pearl Abyss strategy and the divestiture<\/h2>\n

Pearl Abyss announced the sale as part of a broader corporate restructuring. The company stated that the divestiture would allow it to focus on its core portfolio and future projects. The sale reduces Pearl Abyss\u2019 exposure to the operating costs associated with Eve Online and other CCP properties.<\/p>\n

The publisher has not disclosed whether it retains any equity stake in Fenris Creations or whether it has ongoing licensing agreements for the Eve Online franchise. The transaction appears to be a complete separation, returning the studio to independent status under its founder\u2019s leadership.<\/p>\n

What this means for Eve Online and players<\/h2>\n

Fenris Creations has confirmed that Eve Online will continue to receive full development support. The company stated that there are no immediate plans to change the game\u2019s business model, subscription fees, or content update schedule. The development roadmap for the game remains unchanged.<\/p>\n

The studio also indicated that it will continue to work on its previously announced project, a new game set in the Eve Online universe but built on a different underlying technology. That project, which was announced in 2023, is still in early development.<\/p>\n

The independence provides the studio with greater flexibility in decision making and development priorities, although financial details of the new company have not been disclosed. The leadership team remains the same, with the CEO continuing in his role.<\/p>\n

Industry analysts have noted that the sale price, while lower than the original acquisition, reflects the current market conditions for video game studios and the specific challenges of maintaining a two decade old MMO. The inclusion of cryptocurrency in the payment structure was also noted as a sign of evolving transaction methods in the games industry.<\/p>\n

Fenris Creations will now operate as a privately held company. No plans for an initial public offering or further external investment have been announced. The company is expected to release its first financial report as an independent entity in the coming months.<\/p>\n

Source: GamesIndustry.biz<\/p>\n","protected":false},"excerpt":{"rendered":"

The developer of the long running space simulation game Eve Online has been sold and is now operating under a new name. CCP Games was acquired by its chief executive officer from South Korean publisher Pearl Abyss earlier this week for $120 million, a transaction that includes $20 million in cryptocurrency. The company has been […]<\/p>\n","protected":false},"author":1,"featured_media":6866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[388],"tags":[774,7896,714,7897,8057,754,301,5056],"class_list":["post-6865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-games","tag-business","tag-ccp-games","tag-development","tag-eve-online","tag-fenris-creations","tag-game-development","tag-google","tag-pearl-abyss"],"_links":{"self":[{"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/posts\/6865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/comments?post=6865"}],"version-history":[{"count":0,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/posts\/6865\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/media\/6866"}],"wp:attachment":[{"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/media?parent=6865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/categories?post=6865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/delimiter.online\/blog\/wp-json\/wp\/v2\/tags?post=6865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}