Tag Archives: bankruptcy

Sluggish revenue and raising developments costs are blamed for the closure

"We are as committed as ever to this company and are in full support of our future"

50+ staff reportedly laid off 'with no severance and no warning' 

Moshi Monsters maker Mind Candy has confirmed that it has had to renegotiate some of its financial agreements in an effort to continue operating. Bloomberg reports that the company has agreed to a two year extension of its 6.5m loan from TriplePoint Capital, with TriplePoint taking a 2m markdown as …

Mad Catz ceases operation after NYSE delisting

The gamble that was Rock Band 4 has ended in the worst possible way for Mad Catz. Two years ago the video games world was taken by surprise when it was announced the longstanding peripherals specialist Mad Catz was to assume publishing duties on the rhythm action title’s comeback. Later …

Will focus on cross-platform racing experiences

Partners of sinking label founded by former Vivendi staff given up to four months to secure their games and money

Fireforge Games has declared bankruptcy three days after releasing its Ghostbusters spin-off title. Founded five years ago by former Blizzard dev Tim Campbell, the studio’s first (and, now, presumably last) full in-house release wasGhostbusters – although the studio worked on multiple MOBA projects with partners including Razer and Tencent. As …

Outlet founder by former Blizzard dev reportedly suffers financial and legal woes over unreleased MOBA projects