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The situation with Dead Island 2 and developer Yager took another turn today as the company announced it's filing for insolvency. Yager Productions, the team formed to work on the zombie sequel, can't pay the money it owes to debtors. "At the moment, there are different options to be assessed whil...

July 30th 2015 at 5:20am 0 Comments
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It's the distant future. The high-tech battle armor you wear sharply contrasts with the ruins of civilization that you traverse. You spot an enemy and raise your pulse rifle, firing off shots as you strafe to cover. Technology hasn't solved the issue of war; it's just made it that much more blood...

August 7th 2012 at 9:00am 0 Comments
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The future is looking a bit hazy for Black Prophecy developer Reakktor Media, as reports indicate that the studio "has begun the insolvency process" and is scrambling for work in order to keep itself afloat. Speaking to GamesIndustry.biz, Reakktor Media's managing director Kirk Lenke stated tha...

February 29th 2012 at 1:00pm 0 Comments
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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...

April 21st 2011 at 11:00pm 0 Comments
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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...

March 24th 2011 at 6:00am 0 Comments
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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...

April 17th 2010 at 12:00am 0 Comments
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Just a few months ago, we were all checking out Maxdata's Belinea s.book 1 Mini-Note and expecting huge, just huge things from the company. Fast forward to today, and you'll find those hopes and dreams essentially smashed. According a post on the outfit's website, it has "filed for insolvency proce...

June 25th 2008 at 11:51am 0 Comments