10tacle Studios is to acquire a 29 per cent stake in UK developer Climax, as the two companies announce plans to jointly develop new videogame properties.
Climax has confirmed that its Santa Monica studio is no longer producing videogames, with the department now reorganised as a 'dedicated business development hub'.
After selling its racing studio to Buena Vista Games earlier this month, UK developer Climax has announced plans to restructure and recruit in preperation for next-generation projects.
Buena Vista Games is to acquire UK development team Climax Racing, becoming the publishers third internal studio alongside Avalanche Software and Propaganda Games.
Climax has announced the appointment of a new technical director at the group's Action studio, who will be overseeing development on a series of next-generation titles.
Climax Studios has announced the appointment of former THQ exec Roger Carpenter, who will be overseeing new game development of a major racing franchise in his role as Game Director at the company's racing studio
Developer Climax has announced the appointment of a new head for its Los Angeles studio, with FunCom founder and former Looking Glass Studios boss Erik Gloersen coming on board along with a number of other key hires.
British development group Climax has announced that it is to initiate a major expansion programme at its US offices in Los Angeles, with a move into new premises and 80 new jobs to be created.
British development group Climax has announced that its London and Solent divisions are to be rebranded as Climax Action, and has denied rumours that a number of staff have been laid off at the Solent office.
British developer Climax has announced the appointment of WildTangent and Midway veteran David Schwartz as president of its recently founded Los Angeles studio, which was created by the company last May.
Rob Fahey
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