 In 2010, Perfect World Entertainment, Inc. bought an $8.4 million majority stake in Runic Games.In March 2014, co-founder Erich Schaefer and Travis Baldree decided to leave Runic and form a new indie studio, Double Damage Games.Max Schaefer left the studio in early 2016; he then founded Echtra Games, which included a number of former Blizzard and Runic developers.