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When developers go bad (bankrupt)

Discussion in 'General Discussion' started by davislane1, Jun 7, 2012.

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davislane1 TechSpot Booster Posts: 365 +80

According to documents obtained by WPRI, 38 Studios owes between $100 million and $500 million, spread across at least 1,000 creditors. The company estimated its assets at between $10 million and $50 million, saying in court documents that it does not have the funds necessary to make good on the payments.

-- http://e3.gamespot.com/story/6381395/amalur-dev-files-for-bankruptcy-fbi-investigating

When I first heard that 38 Studios was going under I was a bit disappointed because I thought they had put out a decent IP. I was looking forward to future releases. But $100-$500 million in liabilities?! Insane.

davislane1, Jun 7, 2012

#1

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