CCP Games changes name to Fenris Creations, cooperates with DeepMind – Game News

The company is behind EVE Onlineformerly CCP Gameshas officially become an independent entity with a new name Fenris Creations. After completing the transfer of ownership from Pearl Abyss, the studio will continue to operate as a private company with the team and leadership unchanged.

Fenris Creations is now run by its own board of directors, returning to its pre-2018 operating model. This model is designed to support strategic decisions for long-term “live service” games and virtual worlds that operate consistently over time.

The ownership group includes senior leadership and long-term investors who shape the future of the company as they develop, publish, and operate player-led online experiences.

+ Operations and team remain the same, only ownership structure changes

This change is only related to ownership and governance mechanisms. Fenris Creations still operates as an independent studio, responsible for strategy, operations and creative direction.

The entire leadership team, studios, products and development plans remain the same. Those who guided the universe EVE for many years will continue to take on the leadership role of the company.

+ Research cooperation with Google DeepMind on AI

Parallel to the transition process, Fenris Creations announced a research collaboration with Google DeepMind to gain a deeper understanding of intelligence in complex and continuously changing systems.

The two sides will focus on areas such as:

• Make long-term plans
• Memory in AI systems
• Learn continuously

EVE Online will be used as a research environment due to its exceptional complexity. DeepMind will work with the offline version of the game running on an internal server to test and evaluate AI models in a controlled environment. In addition, the two sides will also explore new gameplay experiences based on this technology.

Google also invested in Fenris Creations and holds a minority stake in the company.

+ Fenris leadership: independence for long-term world building

“EVE is built to last – and that can only happen if you’re willing to keep looking into the future. This transformation gives us direct ownership, clear accountability and the independence to invest in worlds that can grow for decades,”

– Mr. Hilmar Veigar Pétursson, CEO Fenris Creationsshare.

“We are grateful to Pearl Abyss for their partnership and steady support over the past seven and a half years. EVE Online exists today thanks to pioneering thinking, patience and trust between developers and players. The new structure and partners will help us continue that legacy – constantly evolving a living universe and exploring its future with a long-term vision.”

+ DeepMind: games are the ideal environment for AI development

“Games have always been an important part of my life – I played games from a young age and started my career by designing and programming complex AI simulation games like Theme Park,”

– Demis Hassabis, Co-Founder and CEO of Google DeepMind, said.

“Games are also the foundation for many DeepMind breakthroughs such as Atari DQN, AlphaGo, AlphaStar or SIMA, because they are the perfect environment to develop and test AI algorithms.”

“I have known Hilmar for many years and have always admired his work. I am very excited to partner with him and the team. Fenris Creations to explore new game experiences and advance AI research in a complex, player-led universe like EVE Online.”

+ The new chairman highly appreciates the development potential

“I have followed CCP closely for many years and have great respect for what the company has achieved,”

– Birgir Már Ragnarsson, Co-Founder of Omega Ventures and Chairman Fenris Creationsshare.

“In the role of Chairman, I clearly see the effectiveness when the leadership team is focused and empowered to execute. We enter a new phase with a solid position, with an experienced team and strong partners. I look forward to accompanying and supporting Fenris Creations continue to make a mark in history.”

+ No layoffs, keeping the entire operating system intact

Fenris Creations affirmed that the transformation does not include restructuring or personnel reduction. The headquarters remains in Iceland, with studios in Reykjavik, London and Shanghai continuing to operate normally.

+ End cooperation with Pearl Abyss peacefully

After a long-term strategic review, both parties agreed that a standalone model would be more suitable for the company Fenris Creationswhile Pearl Abyss focuses on developing its own brands and core products.

This decision is based on many factors, including differences in strategic direction, operating environment and long-term priorities.

+ EVE Online continues to grow strongly, expanding into the future

Fenris Creations Entering a new phase with positive growth momentum. 2025, EVE Online recorded one of its best results in years, including a record November revenue and the second-highest fourth quarter in more than 20 years of operation.

Two new projects are also in development:

• EVE Vanguard: First-person escape survival shooter
• EVE Frontier: online space survival game

The company remains profitable, with more than $70 million in revenue in 2025, and strong reserves, demonstrating stable player engagement and long-term investment in the EVE universe.

Fenris Creations said it will continue to be transparent in its operations under the new model, with a focus on the long-term future of the EVE universe.