Who owns Paradox Development Studio?
Paradox Development Studio is owned by Paradox Interactive (Sweden, Nasdaq Stockholm: PDX).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Paradox Interactive AB (publ) Annual Report 2025. Last checked .
Key facts
- Current owner
- Paradox Interactive AB (publ) reported
- Owner HQ
- 🇸🇪 Sweden, Stockholm
- Origin
- 🇸🇪 Sweden, Stockholm
- Founded
- 1995
- Category
- Technology › Game makers & platforms › Game publishers & studios
- Parent ticker
- Nasdaq Stockholm: PDX
- Last verified
- · 1 sources
About Paradox Development Studio
Paradox Development Studio is the Stockholm studio behind Crusader Kings, Europa Universalis, Hearts of Iron, Stellaris and Victoria, and it has been making strategy games since 1995. The current company was registered in 2007 and is wholly owned by Paradox Interactive. It is organised into five sub-studios, named PDS Black, Gold, Green, Teal and Purple.
Ownership timeline of Paradox Development Studio
- Current owner Paradox Interactive [1] reported
Where Paradox Development Studio sits in Paradox Interactive
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Paradox Interactive ownership tree →
See the full Paradox Interactive brand portfolio (10) →
Other brands owned by Paradox Interactive
Paradox Interactive controls 10 brands on Brandtree, 3 of them in technology.
Also in technology
- Haemimont Games (1997)
- Triumph Studios (1997)
Other brands in game publishers & studios, and who owns them
The 22 brands in game publishers & studios on Brandtree belong to 8 owners. The largest is Atari, with 5; Paradox Interactive has 3.
| Brand | Owner | Owner based in |
|---|---|---|
| Atari | Atari | 🇱🇺 Luxembourg |
| Brainium | PLAYSTUDIOS | 🇺🇸 United States |
| KartKraft | Motorsport Games | 🇺🇸 United States |
| DoubleDown Casino | DoubleDown Interactive | 🇰🇷 South Korea |
| Embark Studios | Nexon | 🇯🇵 Japan |
| Snail Games USA | Snail | 🇺🇸 United States |
| Unknown Worlds | KRAFTON | 🇰🇷 South Korea |
| Digital Eclipse | Atari | 🇱🇺 Luxembourg |
About the owner: Paradox Interactive
Paradox Interactive is a publicly listed company headquartered in Stockholm, Sweden, founded in 1999. Brandtree records 10 brands under its control, and it is listed as Nasdaq Stockholm: PDX.
Paradox Interactive is a Stockholm developer and publisher of strategy and management games for PC and consoles. Until the early 2000s it was the video game division of Target Games, and the current company became independent in 2004 with seven employees. It owns the IP behind most of what it publishes, including the World of Darkness universe, and every studio it holds is wholly owned. Its shares moved from First North to the Nasdaq Stockholm main market on 9 June 2026.
Paradox Interactive: full profile, brands and acquisition history →
🇸🇪 Paradox Development Studio and other Swedish brands
Brandtree records a controlling owner for 129 brands that began in Sweden. 56 of them (43%) are now controlled by a company headquartered in another country; Paradox Development Studio is not one of them.
- Embark Studios — Nexon 🇯🇵
- Thunderful — Atari 🇱🇺
- & Other Stories — H&M Group 🇸🇪
- AXA — Lantmännen 🇸🇪
- Absolut — Pernod Ricard 🇫🇷
- Acast — Acast 🇸🇪
Frequently asked questions
Who is the parent company of Paradox Development Studio?
The parent company of Paradox Development Studio is Paradox Interactive, a publicly listed company headquartered in Sweden.
Is Paradox Development Studio Swedish?
Yes. Paradox Development Studio originated in Sweden in 1995 and its owner, Paradox Interactive, is also headquartered in Sweden.
Is Paradox Development Studio still owned by Paradox Interactive?
Yes. As of 28 October 2026, Paradox Development Studio is still owned by Paradox Interactive. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Paradox Interactive AB (publ) Annual Report 2025 — Paradox Interactive AB (publ), Annual report; retrieved 28 October 2026.
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