Stockholm-based studio Starbreeze has announced today it has struck a deal with publisher 505 Games to acquire the rights to the PayDay franchise. Following the agreement Starbreeze will be the sole rightsholder for the entire PayDay series.

Starbreeze notes that it will collect all net revenue from sales of PayDay 2 via Steam (starting retroactively from May 1, 2016), but 505 Games will continue to publish the console game PayDay 2: Crimewave Edition (and revenue will continue to be split between the companies).Starbreeze also confirmed the existence of PayDay 3 within the announcement, explaining 505 Games will share in the net revenue of PayDay 3 (capped at USD $40 million).“PayDay is very close to my heart, and has laid the foundation for Starbreeze success in recent years,” said Starbreeze CEO Bo Andersson in the statement. “We’re very excited to bring our heisters home to the safe house.”PayDay 2 developer Overkill Software, which is owned by Starbreeze, remains committed to continuing to expand Payday 2 and will support the game for “at least another 18 months.”Overkill last committed to two more years of PayDay 2 support way back in April, 2015 In a video celebrating the release of the game’s 100th update, Overkill Software producer Almir Listo confirmed that, as of the next update, the game’s black market will be free for everyone (removing the game’s polarising microtransactions ). Overkill has also debuted a brief teaser for a PayDay 2 announcement due at E3.A co-op first-person heist shooter, PayDay 2 was released on PC, PS3, and Xbox 360 back in August, 2013. A current generation console version of the game for PS4 and Xbox One was released mid-last year.

Luke is Games Editor at IGN's Sydney office. You can find him on Twitter