Tag Archives: bankruptcy

“It’s done, there is no way back. We tried, we failed.”

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 …

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 …

Reports suggest decades-old Japanese studio suffering debt problems

UK and Bulgarian offices affected by latest of studio's financial troubles

Crysis and Cryengine maker Crytek has apparently been plagued with recent financial difficulties, as the company failed to make its most recent payroll at both its UK and Bulgarian offices. Eurogamer reports on the missed paydays, which follows an original article from German outlet GameStar claiming the studio was flirting …

Rights to Kingdoms of Amalur, Project Copernicus, and Helios technology fail to sell

A U.S. judge has approved Atari’s plan to leave bankruptcy protection a little less than a year after filing for Chapter 11 in January. The Wall Street Journal reportsthat Judge James Peck of the U.S. Bankruptcy Court in Manhattan not only signed off on the deal Thursday, but actually thanked …

Judge thanks parties for their handling of 'difficult case'

20 year old Japanese studio blames changing business environment for bankruptcy