Koch and Kundratitz had owned 90% and 10% in the company, respectively, and both of them sold their shares, and THQ Nordic AB became the sole owner of the company. According to manager Reinhard Gratl, the sale primarily came about because Koch wanted to retire, and no one in his family was interested in taking over the business. He asked for all money to be paid to Koch Media instead of him, so the company could profit from the deal. Koch resigned from Koch Media on the same day. Koch Media's management, consisting of chief executive officer Kundratitz, chief financial officer Gratl and chief operating officer Stefan Kapelari, was subsequently joined by THQ Nordic AB's Erik Stenberg.
On 13 February 2019, Koch Media entered into an agreement to acquire Czech developer Warhorse Studios. Warhorse's game Kingdom Come: Deliverance had been co-published by Deep Silver exactly one year prior, and Koch Media paid €42.8 million, equal to Warhorse's 2018 earnings, to seize ownership over the studio and its intellectual property. The acquisition closed later that day. Also on the same day, it was announced that Koch Media had also acquired 18point2, an Australian publishing partner, for €1.9 million, aiming at establishing a stronger presence in the Australian market for Koch Media. The two acquisitions added 120 and 8 employees, respectively, to Koch Media's staff.
Koch Films acquired Sola Media, a Stuttgart, Germany-based television-and-film licenser for children and family properties, in August 2020. Later that month, Koch Media opened offices in Hong Kong and Tokyo, both headed by Kundratitz, to expand publishing operations in Southeast Asia.
In September 2020, Koch Media acquired Vertigo Games, who develops, publishes, and distributes games exclusively for virtual reality platforms, including Arizona Sunshine and After the Fall.
Koch Media opened a new publishing division, Prime Matter, in June 2021, operating from its Munich headquarters.
On 4 August 2022, Koch Media rebranded themselves as Plaion. In October 2022, Plaion Pictures acquired British anime distribution company Anime Limited for an undisclosed sum. In May 2023, Gamesindustry.biz learned of plans to dissolve Deep Silver, Ravenscourt and Prime Matter, and consolidate the publishing business under the "Plaion" label.
In January 2025, Kundratitz announced he was stepping down as CEO, and would be transferring leadership to Pihl Rogers in April.
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