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Tag Archives: Bankruptcy

Desura has gone bankrupt

The online game marketplace, Desura, has filed for bankruptcy shortly after reports that developers had not been paid for their sales on the platform. The lack of payment for small indie developers has apparently been going on for months, similarly to when Crytek UK were having issues and could not …

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Crytek launches free to play title Warface

Crytek has launched its free to play shooter, Warface, amid reports of the developer’s financial troubles. Warface is the latest free to play title to hit Steam, it has also been made available on the Xbox 360. Crytek is banking on this game being a success as it is promising …

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BlackBerry sales fall 64% due to poor BB10 adoption

BlackBerry sales have taken another dive thanks to poor adoption of the BlackBerry 10 platform. The troubled phone maker posted a fiscal fourth quarter loss of $423 million down from a $98 million profit last year. Revenue also fell 64 per cent to $976 million. According to Thomson Reuters, analysts …

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Details of Mt Gox bankrupcty emerge

Mt Gox, one of the world’s longest running and most respected bitcoin exchanges disappeared from the web last week, with a single message replacing its usual bustling site and all its tweets deleted. Now we know that the site has gone belly up, but why? Mostly because it lost over …

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What’s going to happen to THQ UK staff?

Middle Manager

While a lot of news overage has been given to the state of developers working under the THQ banner, like Relic Games, Vigil and others, not much attention has been given to the middle-management, the PR guys, the HR, admin, legal teams and all the other invaluable positions held by …

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Hilco saves HMV

HMV

For those of you that were feeling sad and nostalgic for the long time high street retailer HMV, fret not, as Hilco, the company that bought up HMV Canada a couple years ago, has now stepped in and put the brakes on HMV’s demise and has promised to restructure and …

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THQ files for bankruptcy

THQ

In what is unlikely to be a surprise for anyone at this point considering the downward turn the publisher has taken in the past year, THQ has filed for bankruptcy. Fortunately though, it already has a buyer that is willing to keep all staff on and continue all current game …

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Pirate Bay financier to go bankrupt

Carl Lundstrom

One of the four men charged with facilitating copyright infringement as part of the Pirate Bay (TPB) trial and bankroller of the site’s early days, Carl Lundström, has filed for personal bankruptcy. At this stage, after interest increases and additions, the four collectively owe 76 million Kronor (£7.2 million), but …

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