Black Forest Games spins out of THQ Nordic and co-founds Third Signal, a new independent group of game studios, with the studio’s management team and Third Signal Ventures becoming co-founders of the group. THQ Nordic and Black Forest Games continue to collaborate on game development tasks.
November 11, 2026 - Third Signal, a new independent group of game development studios, Today announced that Black Forest Games is spinning out of THQ Nordic through a management buyout. The German studio behind Destroy All Humans! - Remake, Giana Sisters: Twisted Dreams, Fade to Silence and more joins the newly founded Third Signal as its founding member and its management team becomes a co-owner of the group.
Black Forest Games has been part of THQ Nordic, within Embracer Group, since 2017. The studio is based in Offenburg and continues to develop and publish games under its own label.
"Some of the best games of the last decade came from teams of fifty, not five hundred. Black Forest Games is one of them, and the right studio to launch Third Signal. Our vision is to build a developer driven group and give teams the independence, resources and creative freedom to continue their creative legacy and bring their own ideas to life," said Andreas Tobler, founder and CEO of Third Signal.
"We are grateful to THQ Nordic and Embracer for nine good years and the games we made together. Now, we're excited to shape our own future as owners again, to work on an exciting new project with a great team and strong partners behind us,” said Adrian Goersch. “There are lots of opportunities for lean, experienced teams, and we will use them” adds Andreas Speer, both CEOs of Black Forest Games and co-founders of Third Signal Studios.
About Third Signal
Third Signal is a new independent group of game studios making premium games for PC and console, co-owned by Third Signals Ventures and the management team of Black Forest Games.
www.thirdsignal.net
About Black Forest Games
Founded in 2012 and based in Offenburg, Germany, Black Forest Games develops action and platform games for PC and console. Its most popular titles include Destroy All Humans!, Destroy All Humans! 2 - Reprobed, Fade To Silence, and innovative platformers such as Giana Sisters: Twisted Dreams and Rogue Stormers.
www.black-forest-games.com