īy around 2003, Paradox Entertainment began buying the intellectual property rights to various franchises like Conan the Barbarian from Robert E. The company had several mediocre releases, including Gettysburg: Armored Warfare, an attempt by the studio to make a massively multiplayer online game on a triple-A scale, but which was released with numerous problems and was critically panned, costing several jobs by the developer. Between 20, Paradox Entertainment released the first titles of several grand strategy games, including Europa Universalis, Hearts of Iron, Victoria: An Empire Under the Sun, and Crusader Kings. The video game division spun off into a separate entity, Paradox Entertainment, which published video game adaptions of Target's games. By the late 1990s, Target was struggling financially, and they ultimately folded into bankruptcy by 1999. Target had been producing board and tabletop role-playing games in the 1980s and 1990s, and ventured into video games. Paradox Interactive's origins started with Target Games, a Sweden-based board game company. History Separation from Paradox Entertainment (1999–2004) They hold an annual convention, PDXCON, which has been open to the public since 2017. Outside of video games, Paradox has created board games based on several of its titles, and owns the rights to the tabletop role-playing game series World of Darkness since purchasing White Wolf Publishing in 2015.

They typically continue development of their games after initial release with the creation of downloadable content, and are also known for creating games that are easy to mod. Paradox is best known for releasing historically themed strategy video games, especially grand strategy games, and has published strategy games in different settings, as well as games of other genres such as role-playing video games and management simulators. Through a combination of expanding internal studios, founding new studios and purchasing independent developers, the company has grown to comprise nine first-party development studios, including their flagship Paradox Development Studio, and acts as publisher for games from other developers. The company started out as the video game division of Target Games and then Paradox Entertainment (now Cabinet Entertainment) before being spun out into an independent company in 2004. Paradox Interactive AB is a video game publisher based in Stockholm, Sweden.

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