Starbreeze wants three more months to rebuild itself

Starbreeze wants three more months to rebuild itself

Troubled developer and publisher Starbreeze has filed for an extension to its reconstruction period.

In an application to the Stockholm District Court, the Swedish firm has asked for an extra three months, with the support of its administrators.

Starbreeze reiterated what it told shareholders in its financial report this week, that the company planned to focus its attention on its core business of development and publishing moving forwards. This follows five-plus years where the company - under the stewardship of now-departed CEO Bo Andersson - spread the company thin over a variety of expensive and ill-fated deals.

That was one of many factors that led the company to apply for reconstruction in December; this initial period expires on March 3rd, 2019. Reconstruction is a process by which a company can attempt to save itself when facing insolvency.

The core factor in the Swedish developer and publisher running out of money to start with was the launch of Overkill's The Walking Dead. This long-awaited and much-delayed title launched in November and failed to meet the commercial metrics required.

As revealed in a Eurogamer investigation into Starbreeze's slow demise, the company was betting much of its future on the success of this game. Going by the aforementioned expose, it's honestly a miracle the game even launched in the first place.

Between its November launch and the end of December, the game brought in just $3.7m in net sales.

Editor - PC Games Insider

Alex Calvin launched in August 2017 and has been its editor since. Prior to this, he was deputy editor at UK based games trade paper MCV and content editor for marketing and events for London Games Festival 2017. His work has also appeared in Eurogamer, The Observer, Kotaku UK, Esquire UK and Develop.


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