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Stargate Worlds receives new funding, development to continue
The sci-fi MMO Stargate Worlds had mostly fallen off of our radar, and with good reason. It's seemed that Stargate Worlds would not see a release -- the developer Cheyenne Mountain Entertainment faced major cash flow issues resulting in employees not being paid and subsequent lawsuits. There were also departures of some of the major individuals connected with the game's development that painted a grim picture. There has been the occasional glimmer of hope of obtaining more funding, though, and some of the Stargate Worlds team has stuck with the project as additional financing for the title was sought. Now it seems things may be turning around for Stargate Worlds with the latest bit of info we came across, that Cheyenne Mountain Entertainment has gotten that needed funding. Dana Massey over at MMORPG.com recently spoke with CME about where the project stands. Massey writes, "Cheyenne Mountain Entertainment has received the funding that they believe will allow them to complete work on Stargate Worlds, and eventually pay back vendors and past and present employees who are still owed back pay."
Rumor: Stargate Worlds facing an August 1st deadline to raise capital
Stargate fans have long since been left wondering what's been going on with Stargate Worlds, but come August 1st -- or sometime soon thereafter -- their wait may finally be over. The rumor stems from a claim made by a recently departed employee who claims MGM has given Firesky until the beginning of next month to acquire funding or face having the licensed pulled.Apparently a group of doctors who could potentially invest up to $8 million are the game's last hope. However, the same ex-employee says there's little chance the deal will actually go through by the deadline. Shane Hensley, Firesky's director of new business development, has said that they're continuing to speak with investors -- including the doctors. While he also says they've never considered scrapping the project, he doesn't deny the claim, either.Ultimately, Hensley has hope but seems to be realistic about the situation, saying, "I doubt this will last much longer, but those who are here currently are amazingly dedicated and continue to make progress on our projects despite the circumstances." We'll keep you updated on any new progress, and hopefully there's a happy ending to all of this, even though our instincts are currently warning us to think otherwise.
