Bankrupt Cheyenne in IP merry-go-round - MCV

Bankrupt Cheyenne in IP merry-go-round

Money-strapped studio sells IP to new firm formed from the same board
Author:
Publish date:
Social count:
0
2_184_2056_stargate.jpg

Bankrupt US developer Cheyenne Mountain Entertainment is selling its intellectual property to a new start-up studio formed by Cheyenne shareholders.

New studio Fresh Start acquired shooter game Stargate: Resistance, apparently for $100,000, and has reserved $200,000 to maintain the online title.

Cheyenne is a studio inundated with money troubles. The firm owes staff some $1.1 million in wages, $3 million in taxes and $2 million to creditors.

The group, which in February declared itself bankrupt, is subject of a $10 million lawsuit.

Related

2_rollercoastertycoon.jpg

IP profile: RollerCoaster Tycoon

In the second of a new series of articles profiling, celebrating and analysing some of the best and biggest British-made IPs, we examine RollerCoaster Tycoon and chart its history from a one-man development team to big business - and back againâ?¦

2_GTAlogo.jpg

IP profile: Grand Theft Auto

In the first of a new monthly series of articles profiling, celebrating and analysing some of the best and biggest British-made IPs, we examine the megahit that is Grand Theft Autoâ?¦

2_dev91_sketchup.jpg

Prototyping Round-Up

Vision is the easy thing â?? shaping it into a form thatâ??s worth investing your time and money is the difficult thing, reckons Jon Jordan. Time to brush up on prototyping and pre-viz toolâ?¦