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Mind Candy avoids bankruptcy thanks to new loan agreement

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 …

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Mad Catz has filed for bankruptcy

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 …

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Ghostbusters dev Fireforge files for bankruptcy

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 …

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Desura, Indie Royale parent company Bad Juju files for bankruptcy

Bad Juju – the parent company of digital game distribution network Desura and game bundle seller Indie Royale – has filed for bankruptcy. Speaking withGamasutra, Bad Juju’s head of developer relations Lisa Morrison expressed her surprise regarding the news. I asked Tony [Novak, CEO of Bad Juju] for confirmation and …

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Bankrupt RadioShack selling off personal details of 117m customers

The commoditisation of consumers has been perfectly illustrated by disturbing news concerning the bankruptcy of RadioShack in the US. Bloomberg reports that up for auction are a number of the company’s assets – one of which is the names, emails, phone numbers, addresses and shopping habits of some 117m former …

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