Items tagged with Ion Storm

38 Studios, the game developer behind Kingdoms of Amalur and the unfinished Project Copernicus MMO has filed for bankruptcy. The company is seeking to liquidate its assets in order to pay its debts in what's known as a Chapter 7 filing. 38 Studios claims $21.7M in assets, mostly personal property, and $150.7 million in liabilities to 1000 different creditors, including $110 million owed to the state of Rhode Island. How bad does it look? Pretty bad. (PDF) Even if we ignore the $110M owed to Rhode Island over the estimated payback period of the loan, 38 Studios owed $300K to MoveTrek, the company... Read more...
Over the past 10 days, we've discussed the question of used games and how revenue is divided. One of the few points that both GameStop and game developers agree on is that buying a used game doesn't directly benefit the publisher or developer in any way, though there's reason to think that a strong secondary market boosts gaming sales in general. Given how often people quote wanting to help developers as a reason to buy a title new, you might think the lesson is clear. Evidence suggests it isn't. Blogger and game developer Simon Roth recently published a list of nearly 150 games published by now-defunct... Read more...