bankruptcy articles

Crytek denies reports alleging financial trouble

Crytek denies reports alleging financial trouble

Crytek followed in the footsteps of Epic Games by offering their game development engine available to anyone through an affordable subscription model last month. The move was viewed by many as an evolution in game development – make engines available to virtually…
Weekend tech reading: OnLive reboots with new owner after layoffs

Weekend tech reading: OnLive reboots with new owner after layoffs

"OnLive ... will continue to operate," the statement read. "...there is no expected interruption of any OnLive services." It was a statement that read as an assurance: everything is fine, we're still here, it's business as usual. But it was clear that everything wasn't fine. Earlier yesterday...

Kodak files for chapter 11 bankruptcy protection

Kodak files for chapter 11 bankruptcy protection

Eastman Kodak, the 133-year-old iconic American company that invented the handheld camera, has filed for Chapter 11 bankruptcy protection. Kodak has struggled for years, losing huge profits on the now redundant film-based cameras and responding slowly to market changes. Despite…