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Developer Renegade Kid has reacquired control of its Dementium series, a horror-focused intellectual property that birthed two frightening games on the Nintendo DS. Renegade Kid co-founder Jools Watsham took to Twitter to announce the deal: I am ecstatic to announce that Renegade Kid now has the...

September 16th 2014 at 9:00pm 0 Comments
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TimeGate Studios lost the latest round in court of its battle against publisher SouthPeak Interactive, which could result in the studio paying $7.35 million in damages and losing the Section 8 intellectual property. Polygon obtained the court documents that SouthPeak recently won its appeal of arbi...

April 18th 2013 at 11:00am 0 Comments
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Texas district Judge Keith Ellison has invalided an arbitrator's ruling that ordered Section 8 developer Timegate to repay the game's publisher, SouthPeak, $7.3 million in allegedly misused development funds. The ruling also rewrote Timegate's publishing contract with SouthPeak, granting SouthPeak...

March 28th 2012 at 10:00pm 0 Comments
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Update: We got in touch with a SouthPeak representative, who told us that the company was never "properly listed" on the NYSE to begin with. SouthPeak was "an 'over the counter' type stock that was never properly listed and therefore can't be delisted." So SouthPeak shares were traded between two...

September 16th 2011 at 2:50pm 0 Comments
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Two Worlds publisher SouthPeak Interactive ended up in some hot water with the U.S. Securities and Exchange Commission last November, when the government agency announced it would bring a civil injunction against the publisher's chairman, Terry Phillips. The reason for the SEC suit was SouthPeak'...

April 23rd 2011 at 3:30pm 0 Comments
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Firefly Studios, the team behind Stronghold 3, has learned some important lessons in all its years of simulated castle building. For one, constructing spiral staircases counter-clockwise makes them easier to defend against right-handed swordsmen. But more practically, Firefly has learned that tak...

March 23rd 2011 at 8:00pm 0 Comments
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Despite reclaiming rights to the My Baby franchise last year, SouthPeak continued to decline into potential insolvency during the second quarter (ending December 31, 2010) of its current fiscal year. Net revenue for the quarter was just $7.5 million, down $2.6 million from the same period the year...

February 22nd 2011 at 4:20pm 0 Comments
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If you're looking to try out the sure lock for 2011's "Most Improved Game of the Year" award recipient, Two Worlds 2, Kmart's making a pretty compelling case for your dollars. The retailer has the game for $40 this week, which will also net you a download voucher for the powerful "BattleHammer of K...

January 31st 2011 at 11:45am 0 Comments
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"Uh, hello, Two Worlds 2 is it? Please, come in, have a seat." "Oh, thank you so much, and please, call me Tee Dub, all my friends do. I can't tell you what an honor this is to even be considered for a Joystiq score, especially considering what an unmitigated disaster my predecessor was." "It's o...

January 25th 2011 at 1:00pm 0 Comments
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TopWare and SouthPeak's double-delayed RPG, Two Worlds 2, has finally received a North American release date of January 25, 2011. Later that week, the game will arrive in the U.K. and Ireland, where Topware will take over as sole distributor, allowing SouthPeak to focus on promoting the game in Nor...

December 8th 2010 at 2:30pm 0 Comments
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SouthPeak's first quarter results saw the shaky publisher report a net loss of $1.2 million, compared to the $687K profit it reported during the same time last year. Revenues during the period were $1.4 million, a steep drop from the $16.7 million reported in the previous fiscal year. The publishe...

November 16th 2010 at 1:40pm 0 Comments