ALL THE LATEST NEWS ABOUT THE BUSINESS OF PC GAMES

News

Starbreeze seeks a second three month extension to its reconstruction period

Starbreeze seeks a second three month extension to its reconstruction period

Starbreeze is attempting to delay its demise with another request for a three-month extension on top of its current reconstruction period.

This is the second time this year Starbreeze has sought more time in reconstruction, following a request for an extension back in February. That extension pushed the deadline from March 31st to the beginning of June, but it looks like Starbreeze needs a little more time to shape up.

Starbreeze is asking the Stockholm District Court for a further extension, lasting until September 3rd. The company already seems to have the support of the court administrator handling its case.

A number of factors have led to this sticky situation for the Payday developer, but none moreso that the staggering failure of Overkill’s The Walking Dead - a Starbreeze-published game the company was banking much of its future on.

Now, Starbreeze is attempting to redirect its efforts and resources back towards its core business in “internal game development and publishing.” The company has since downsized and begun selling off subsidiaries, including selling Dhruva Interactive to Rockstar Games for $7.9 million.

The firm is desperate for funding, and report this month suggested it may not have the money to make it through next month.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer and game developer. Besides PCGamesInsider and Pocketgamer.biz, she's written across the games media landscape and was named in the 2018 GamesIndustry.biz 100 Rising Star list.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies