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Posts tagged administration

Investment company buys Game, halting closures, firings, bankruptcy

This has been a quick time coming -- Game, the UK games retailer, slipped into a downward spiral early this year, and since the first public announcement of its money troubles in February, Game has closed almost 300 stores, stopped stocking major titles, cut 40 percent of its workforce and entered...

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Bobby Kotick joins Coca-Cola board, will advise on digital media

Shortly after appearing in a cameo for Moneyball, Activision Blizzard CEO has picked up another choice role: He's joined The Coca Cola Company's board of directors. Kotick will help oversee the classic sugar water giant, and advise the company on its entries into digital media. Kotick also serves...

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Report: LA Noire dev Team Bondi enters administration

You don't normally expect a company to release a well-reviewed hit in May and then enter administration three months later, but L.A. Noire maker Team Bondi is following a strange, tumultuous timeline. SmartCompany reports that the Sydney-based studio has been placed into administration, with...

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APB has 130K registered players, high average playtime and revenue per user

Realtime Worlds as a company has been suffering from all kinds of problems lately, but how's the game doing? With a very short press release, the company (currently "in administration," which is the British version of bankruptcy) has announced that APB is hosting 130,000 registered players. That's...

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Realtime Worlds courting multiple buyers, staff reduced by 75%

As Realtime Worlds enters administration (read: dire straits), the ailing APB developer is reaching out to potential buyers "in both the UK and US," according to statements made by the company's administration consultant Begbies Traynor Group. "We are actively pursuing all these expressions of...

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APB developer Realtime Worlds entering administration

Things weren't looking great for APB and Crackdown developer Realtime Worlds last week, as the company underwent some layoffs in the "Art, Audio, Coding, Design, Production, and QA departments." According to GamesIndustry, things didn't improve over the weekend: Realtime Worlds is reportedly...

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Empire Interactive's catalog sold to Zoo

Following the publisher's descent into administration earlier this week, Empire Interactive's games catalog and intellectual property rights have been sold to Zoo Publishing, Edge Online reports. As a result of the purchase, US-based Zoo can re-release titles, port them to other platforms and...

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Empire Interactive officially in administration

Twenty-year-old UK publisher Empire Interactive has confirmed that the company has entered into administration (which is like bankruptcy, if bankruptcy put vinegar on its french fries and called them chips). Forty-nine members of the staff will be let go while six will stay on to help...

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Empire Interactive discusses closure in internal email

Empire Interactive owner Silverstar Holdings has informed employees today that they'll be found "redundant" and the company is going into "administration." Translation in American: Workers best be findin' some new McJobs to put cheddar on their burgers. MCV reports that an email circulated earlier...

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Capcom reassures Australia

Here, Australia and New Zealand, take a few long, hard breaths into this paper bag, because everything's going to be okay. Capcom has moved to quash fears that the collapse of Red Ant, Capcom's distributor down under, would delay Capcom releases in the region. The good folks from Capcom PR just...

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