Hamburg-based Threaks follows Mimimi Games and closes in mid-2024

Another award-winning German studio, Threaks, has announced its orderly withdrawal from the market. The Hanseatic company, which celebrated its breakthrough with "Beatbuddy", plans to close in mid-2024.

In typical German fashion, as they say themselves, they are saying goodbye with a series of statistics via LinkedIn. Threaks, which has won the German Computer Games Award, among others, has released 18 commercial games over the past 15 years and sold over one million units in 15 different stores. In all this time, the company has worked with 80 people from eleven countries, co-founded the Indie Arena Booth as well as the industry's first Hamburg co-working space, Games Kontor, and co-developed over 20 projects as an external partner, to name just a few of the facts.

The Hamburg-based company explains its orderly withdrawal differently to Munich-based Mimimi Games, which has left the market in an orderly manner at the end of 2023. At Threaks, the ongoing crisis in the industry has increased the financial pressure enormously. In view of the current cost structure with 25 permanent employees, this has led to the decision to withdraw from the market as planned. The final project is to be completed and published by mid-2024.

Unlike Mimimi Games, Threaks is leaving a back door open. After similar crises in 2014, 2017 and 2021, the Hanseatic company hopes for another wonder that saves Threaks. The company does not give in to illusions, though, as this may well be “the end of an era”. Finally, the team would like to thank numerous supporters, including Michael Schade, Katja Reitemeier, Torsten Oppermann, Jan Klose, Dieter Marchsreiter, Christian Rauda, Dieter Schoeller, Ole Schaper, Kelly Wallick and David Helgason, and others who are too numerous to mention.