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  • Blog Post: Rhode Island Lawmakers Questioned In Ongoing 38 Studios Case

    As part of the ongoing investigation into former baseball player Curt Schilling’s bankrupt company 38 Studios, state police officers have begun interviewing lawmakers involved with the vote for the loan guaranty program that gave $75 million in a state-backed loan to 38 Studios. The investigation... More
  • Blog Post: [Update] Remember Me Developer Denies Bankruptcy

    Update: Dontnod CEO Oskar Guilbert has denied reports of the company's bankruptcy. He also says the company is in negotiations with a "big partner" for a new game. GamesIndustry interviewed Guilbert today following the reports, during which the CEO indicates that the judicial reorganization... More
  • Blog Post: Wargaming And Stardock Entertainment Obtain Atari Franchises At Bankruptcy Auction

    Atari is currently in the process of filing for bankruptcy and much like THQ, it is auctioning off its assorted assets. Some of the sales have been established but unapproved, and more are expected to occur this coming week. Below are the bids that have already been placed. The Sale Hearing to approve... More
  • Blog Post: Liquidation Bankruptcy Approval Granted To THQ

    THQ has been granted approval of its liquidation bankruptcy plan. This means that this is very likely the last we will hear of THQ. THQ began liquidating its assets earlier this year, auctioning off its properties , and was officially closed by the end of January. All that's left now is for THQ to... More
  • Blog Post: Report: TimeGate Studios Files For Bankruptcy

    According to a new report, the Section 8 studio, which also worked on the ill-fated Aliens: Colonial Marines, has filed for bankruptcy. The website Polygon has published a story based on Texas bankruptcy court documents that it obtained. According to Polygon, "The petition filed by TimeGate lists... More
  • Blog Post: Most THQ Employees Are Done Today

    Earlier this week, the gaming world was talking about THQ constantly, but today's news out of the bankrupt publisher is less frenzied. Maybe that's because it's the last day of work for most employees there. According to an internal memo provided to IGN , this is the last day THQ's building... More
  • Blog Post: Atari Files For Chapter 11, Plans To Sell Off Logo

    Atari Inc. has announced that it has filed for Chapter 11 protection as the company attempts to move away from its parent company, France's Atari S.A. As part of the filing, Atari revealed that it is considering the option of selling off assets including the iconic logo and a variety of classic franchises... More
  • Blog Post: THQ Assets To Be Auctioned Off Individually

    Update #2: THQ has just sent out a press release confirming and further clarifying the sale process going forward. The court says that Clearlake Capital's bid for all of THQ will stand as the opening bid in an auction process for the entire company. Outside companies will be able to bid on individual... More
  • Blog Post: US Trustee And Creditors Object To THQ Bankruptcy Sale

    THQ recently filed for Chapter 11 with the intention of selling to Clearlake Capital Group, however a recently objection by creditors and trustees have complicated the sale. You can go read about the complicated legal objections at Scribd , but the gist seems to be that certain parties have objected... More
  • Blog Post: 38 Studios Filing For Bankruptcy, Authorities Begin Investigation

    Curt Schilling's beleaguered video game company has filed for chapter 7 bankruptcy. According to documents related to the filing, the company owes $100 million in Baltimore alone. Given that the 38 Studios' Baltimore LLC branch of the company is only one of four 38 Studios affiliate companies... More
  • Blog Post: Playlogic Back In Business

    After a year rife with financial hardships which eventually lead to a bankruptcy filing overseas, Playlogic has announced that it is back in business. A press release out of Amsterdam this morning outlined Playlogic’s new plan. “After a long process led by the curators of CMS Derks Star Busmann... More
  • Blog Post: Playlogic Files For Bankruptcy

    Fairytale Fights publisher Playlogic has had its share of financial hardships this year, but the floundering may shift to full-fledged sinking, reports Gamasutra . Boasting offices both in New York and Amsterdam, the publisher has filed for bankruptcy overseas. Filing a “surseance van betaling... More
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