Codemasters acquires Slightly Mad Studios

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Slightly Mad Studios is working on Project CARS 3 and "an unannounced Hollywood blockbuster title."

Project CARS developer Slightly Mad Studios has been acquired by Codemasters, the publisher has recently confirmed.

Codemasters has taken to its website to announce the acquisition, confirming it has ownership of the Project CARS IP as well as “an unannounced Hollywood blockbuster title.”

“We are delighted to bring such an incredible racing game developer to the Codemasters family, and this unequivocally establishes us as a global powerhouse in the development of racing titles,” said Frank Sagnier, CEO of Codemasters. “We share the same passion and vision and our new partnership will accelerate our growth. With more streaming services coming to market and the next generation of games consoles due in 2020, this is the perfect time for Codemasters to take its next step.”

“Our combined racing games portfolio is the envy of the industry and this new partnership will enable us to learn from each other, share resources and take advantage of emerging platforms and technology,” added Ian Bell, founder of Slightly Mad Studios. “My team is excited to be joining Codemasters and we can’t wait to forge a relationship based on creativity, passion and the desire to create new racing experiences that excite and delight our communities.”

Slightly Mad Studios was founded in 2009 and developed Need for Speed: Shift and Shift 2 before working on its own IP, Project CARS. Project CARS 2 released in 2017.