Former Bungie CEO Forms A New Multi-Studio AAA Company

After three years of secretly developing titles," ProbablyMonsters Inc., has been announced as a new video game studio-building enterprise formed by former Bungie CEO Harold Ryan. 

ProbablyMonsters, officially launched in 2016, has two studios working on new AAA gaming franchises. Cauldron Studios and Firewalk Studios, set in the Seattle area, are managed by "top industry talent" selected by Ryan personally. The two studios are said to be working on original games (already signed by leading publishers). Ryan states that the studios have signed "AAA deals with major publishers" in the ballpark of $50 million.

"In general, they're making whatever game or genre works for the creative leadership married with a responsible, predictable business case," Ryan noted. 

The company currently employs around 70 full-time staffers, and Lonnye Bower, former technical lead at Microsoft, acts as chief operating officer. Former Oak Harbor Capital chief financial officer Douglas Kikendall is the company's CFO and HR and recruiting are led by Shannon Armstrong.

"A bunch of our leaders have been in the industry for 15 to 25 years," said Ryan. "We’re uniting creative leads and talented people and helping them bring their vision to life to build sustainable, long-lasting studios. You look at the industry and it’s about evolving and being prepared to evolve."

Make sure to discuss the announcement in the comments.