MCV/DEVELOP News, events, research and jobs from the games industry
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”.
