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11 Limbic Entertainment is the German studio developing Corsair Cove. Founded in 2002 and based in Langen, Hesse, the team has built its reputation on strategy, role-playing, and city-management projects across more than two decades. Corsair Cove is the studio's first title as an independent developer following its sale by Bandai Namco in December 2025, in partnership with Hooded Horse.
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33 Studio Profile
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55 FieldDetailFoundedSeptember 19, 2002HeadquartersLangen, Hesse, Germany (near Frankfurt)FoundersStephan Winter, Eike Radunz, Alexander FreyEmployeesMore than 100 team members, by the studio's own current countWorkforceStaff drawn from more than 20 nationalitiesTech StackUnreal EngineCurrent ProjectCorsair Cove
66 Notable Games
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88 YearTitleDescription2011Might & Magic Heroes VITurn-based fantasy strategy in the long-running Heroes series, the studio's breakout project2014Might & Magic X: LegacyFirst-person grid-based role-playing game in the classic dungeon-crawler format2015Might & Magic Heroes VIIDirect sequel continuing the turn-based strategy line2018Memories of MarsOpen-world online survival sandbox on a colonized red planet, published by 505 Games (shut down June 2024)2019Tropico 6Tropical island city-builder and political simulation published by Kalypso Media2023Park BeyondTheme park management and roller-coaster simulation published by Bandai Namco2026Corsair CovePirate-themed vertical city-builder with turn-based naval combat, the studio's first independent project after the December 2025 ownership change
99 Studio History
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11-The company opened on September 19, 2002 in Langen, just south of Frankfurt. Founders Stephan Winter, Eike Radunz, and Alexander Frey all came out of Sunflowers Interactive, the team behind the original Anno strategy series. That pedigree set the studio's instincts early, and an underlying interest in systems, supply chains, and long-horizon planning stayed visible across every contract.
11+The company opened on September 19, 2002 in Langen, just south of Frankfurt. Founders Stephan Winter, Eike Radunz, and Alexander Frey all came out of Sunflowers Interactive, the publisher behind the original Anno strategy games. That pedigree set the studio's instincts early, and an underlying interest in systems, supply chains, and long-horizon planning stayed visible across every contract.
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1313 From 2011 through 2015 the studio worked closely on the Might & Magic franchise, delivering Heroes VI, the dungeon-crawler revival Might & Magic X: Legacy, and Heroes VII. Memories of Mars in 2018 pulled the team into live-service survival territory. The two titles that most directly prefigure Corsair Cove arrived in 2019 and 2023: Tropico 6 turned the studio loose on a full city-builder with island geography and political layers, and Park Beyond followed with attraction simulation and the vertical, kit-bashed construction that suits a pirate haven on a cliff face.
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1515 Ownership
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17-The studio's ownership has shifted three times in five years. In February 2021, Bandai Namco Holdings took a minority stake. In October 2022, the Japanese parent company moved to a majority position, making Limbic a subsidiary in everything but day-to-day creative independence. In December 2025, Bandai Namco sold the studio to an undisclosed investor. As of that sale Limbic is no longer a Bandai Namco subsidiary. Two of the original founders, Stephan Winter and Alexander Frey, indicated plans to step into consulting roles by the end of 2025 while remaining shareholders, with day-to-day leadership passing to a new executive team.
17+The studio runs from two offices: the Langen headquarters and a second studio opened in Cairo, Egypt, in 2022. Its ownership has shifted three times in five years. In February 2021, Bandai Namco Holdings took a minority stake. In October 2022, the Japanese parent company moved to a majority position, making Limbic a subsidiary in everything but day-to-day creative independence. In December 2025, Bandai Namco sold the studio to an undisclosed investor. As of that sale Limbic is no longer a Bandai Namco subsidiary. Two of the original founders, Stephan Winter and Alexander Frey, stepped back from day-to-day leadership at the end of 2024 while remaining shareholders, handing the studio to a new executive team ahead of the sale. Lionel Lovisa leads the company as Chief Executive Officer and is its sole registered managing director, with Gary Paulini as Chief Development Officer covering game development, studio operations and team expansion. The wider executive group also includes a chief financial officer, a chief human resources officer, and a chief regional officer based in Egypt.
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1919 Corsair Cove
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2121 Corsair Cove is the studio's first published title under its new independent banner and its first collaboration with the Hooded Horse label. The vertical construction, deep production economy, and morale-driven population systems draw on the city-building and attraction-simulation work the studio has done before, though no system from an earlier project has been described as carrying over directly. The project uses Unreal Engine 5, the same toolchain the studio has relied on across recent work. It released on PC on July 31, 2026 at $39.99, following a free public demo that had been live on Steam since May 28, 2026, and opened to a Very Positive user rating. By the studio's own count it has delivered more than 80 projects with publishing partners since 2002, and Corsair Cove is the first of those it publishes as an independent company.
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2323 Unconfirmed Details
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2525 A few pieces of the studio's current state are not public. The identity of the December 2025 buyer has not been disclosed. The size of the Corsair Cove team within Limbic, the project's total development time so far, and whether the studio is running parallel projects under the new ownership are all unknown at the time of writing.