Awesomenauts In Jeopardy As The Game's Publisher Files For Bankruptcy

Due for release via Xbox Live and PlayStation Network on Wednesday, Awesomenauts' launch appears uncertain as its publisher, dtp entertainment, declared its insolvency in Germany today, reports IGN. The developer, Ronimo, is not involved in the proceedings, but it couldn't offer any assurances that the bankruptcy won't affect the game's release.

At the moment we're unsure what this means for [Awesomenauts]," Jasper Koning of Ronimo, told IGN. Koning said his studio was working to understand the situation and resolve any potential problems with the game's launch.

dtp entertainment, also published Drakensang, Divinity II and Cursed Crusade. The type of bankruptcy it will seek — liquidation or reorganization — is unknown.

Awesomenauts Publisher Files for Insolvency [IGN]


Comments

    I get confused with all of the types of bankruptcy a company can apply for, but surely the launch should go ahead if for no reason other than to ameliorate the financial problems.

      Liquidation basically will result in the closure of the studio... All its assets will be sold, both Physical as well as IP's, (physical assets, ie building, hardware, furniture, etc, studio IP's , ie any brands they own, Awesomenauts). Once a pool of money is built, it is then divided amongst the following: unpaid wages, including leave owed, and all other financial obligations, gas, electricity, rent, etc... If all financial obligations are met, the remaining pool will see the administrators take a chunk, and the remainder will go to the relevant investors/owners.

      Re-organisation can be done in several ways. Some examples:

      1. The studio is bought by another studio and operates as its own entity. ( May result in job cuts, IP's being sold. This is at the acquirers discretion)

      2. The studio is bought by another studio and is merged ( May result in job cuts, IP's being sold, studio may even be closed if the purchase was solely to acquire IP's . This is at the acquirers discretion)

      3. The final form of re-organisation, probably the preferred one, is if the administrators can keep the studio running just as it was, independently by making some changes, which improve their financial position. Such as eliminating debts through revenue from the sale of IP's, moving to cheaper premises, reducing staff levels. For this to be considered, it must be evident that the studio will be able to sustain itself for at least 12 months after these changes are made.

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