GameDaily BIZ cites an unnamed industry source that Brighter Minds Media, publisher of the acclaimed World of Goo, has filed for Chapter 11 bankruptcy protection.
The move would allow the company to retain control over its operations while it reorganizes to pay its creditors.
We searched the filings for U.S. District Court in the Southern District of Ohio but could find nothing under Brighter Minds Media or the attorney said to represent them. But if it was filed late Friday it may not show up in the system until Monday or later.
World of Goo was the big hit out of Brighter Minds' family friendly catalog of titles last year. It took top indie game honours at the 2008 Video Game Awards, and also won the prize for design innovation and technical excellence at the 2008 Independent Games Festival. It was our runner up for best indie game.
It was also popular among pirates; released DRM-free, developer 2D Boy estimated that it suffered from a nearly 90 percent piracy rate.
World of Goo Publisher Brighter Minds Media Goes Bankrupt [GameDaily BIZ via Joystiq