18 staff affected as new company takes reigns on RaceRoom Racing Experience

Swedish dev SimBin goes bankrupt; respawns as Sector 3 Studios

Swedish developer SimBin Studios has gone bankrupt, former COO Christopher Speed has told Develop.

He said the company had “decided to go through a re-structuring process and the easiest way to do this was through a bankruptcy”. In total 18 staff were affected.

Following the bankruptcy proceedings Speed has formed a new company named Sector 3 Studios, which will continue to work on RaceRoom Racing Experience.

He claimed development of the title will not be affected by recent proceedings, and the studio has just released a new update for the title.

“I formed Sector 3 to first try and keep as much of the talent SimBin employed as possible,” he said.

“I also believe in RaceRoom Racing Experience as a product and the surrounding commercial ventures that were spawning from it.”

In future Sector 3 will also move office to the Gothia Science Park in Skovde, Sweden, but will continue to work at its Lidkoping base “until our 2014 commitments are delivered”.

About MCV Staff

Check Also


Xbox Series S and X expandable 1TB storage priced at $220

Microsoft and Seagate will need to provide ample stock of the new devices and quickly in order to satisfy retail and consumer needs