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Posts tagged insolvency

Awesomenauts to launch as planned on PSN tomorrow, XBLA naut known [Update: XBLA now known!]

Awesomenauts will launch as scheduled on PSN in North America tomorrow, Sony announced via Twitter today. The future of Awesomenauts was thrown into disarray yesterday when news broke that its publisher, dtp entertainment, had filed for insolvency. Developer Ronimo said it was working with dtp to g...

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JoWooD recovery plan breaks down, closure appears imminent

Austrian game publisher JoWooD Entertainment has reached "game over," according to Austrian news site Boerse-Express. Negotiations with potential investors to recapitalize the debt-ridden publisher have fallen apart, signaling that the end is near. In order to pay back creditors, Game Informer no...

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Unnamed investor pulls its financial support for JoWooD

Things aren't looking too terribly bright for Vienna-based publisher JoWooD Productions. Helmut Platzgummer, the firm in charge of the struggling company's insolvency, revealed that an unnamed investor has pulled out its interest in the company. That's not necessarily a death knell -- according t...

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CDV vs SouthPeak legal battle gets much, much more complicated

When SouthPeak Games was ordered by a UK court to pay its distribution partner CDV a settlement earlier this year, rather than simply pay the settlement and move on, SouthPeak instead took a very interesting approach: buy up a company that's owed money by CDV and turn the tables. SouthPeak recently...

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