Black Forest Games separated from THQ Nordic through a management buyout and co-founded Third Signal, an independent studio group focused on supporting small development teams and creating premium games for PC and console.
Third Signal CEO Andreas Tobler stated the group aims to provide independence, resources, and creative freedom to development teams, citing Black Forest Games as a key example of successful small-scale game development.
Black Forest Games, acquired by THQ Nordic in 2017, will continue collaborating on "game development tasks" while operating independently under its own label and founding Third Signal with other studios yet to be announced.