Newsflash Signup

Buy now at Zavvi.com
EA

Studios lose out in Oxygen IP grab

Bookmark with Social network
Studios lose out in Oxygen IP grab

Out-of-pocket developers must deal with company's administrators, Jim Scott tells MCV

The ‘new’ owner of Oxygen’s assets has told MCV that developers have been left out of pocket following the firm’s fall into administration.

OG International purchased Oxygen’s IP and stock after the firm went into administration this week.

The international sales and distribution firm is headed by Jim Scott – Oxygen Games’ former CEO.

Scott admitted to MCV that studios were owed payment
by Oxygen – and must now deal with administrator FA Simms & Partners.

“Obviously, we’ve only bought the assets, so any creditor would have to speak to the administrator [about Oxygen’s debt],” he said.

Advertisement

“I’m not involved with the company now. I don’t think there were many developers owed [money], to be fair.”

Oxygen Games developers included Rebellion Studios, Magellen Interactive and Destineer Games, who produced titles such as Cate West: The Vanishing Files and PDC World Championship Darts 2009.

UPDATE: Rebellion founder and CEO Jason Kinsgley has told MCV that the firm had been fully paid by Oxygen before the firm collapsed.

Scott told MCV that OG International distributes both software and hardware to over 250 retailers around Europe.

We know this is a very, very sensitive topic and that many of you may want to air your views on it.

But UNDER NO CIRCUMSTANCES will MCV allow libelous comments to remain up... as you can read in our Terms And Conditions below.

Also, a quick exception to today's posting: Any of you placing comments under this particular story must use your real name (and, yes, we can check!).

Thanks for your co-operation.

What about the other debts?

posted by andy payne Oct 15, 2009 at 10:04 am
1
andy payne

So the 'old' Oxygen owes money to a design/creative agenciy and GfkChartTrack that I directly know about. It will be interesting to see how many pennies in the pound they will be paid. Jim Scott what's your view on that? No longer your responsibility I suppose???

  • + 0 
  • - 0 
  • 0

Leave a Comment

EA
MCV

ABOUT US

MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets

Intent media, Company number 03641099