Timegate files for bankruptcy in wake of Aliens: Colonial Marines fallout

Timegate Logo

By on May 3, 2013 at 11:36 am

After laying off nearly 30 staff in March, Timegate studios has now filed for Chapter 11 bankruptcy protection in the state of Texas.

Timegate, which became infamous recently after it was revealed that it was the developer outsourced by Gearbox to complete the embarrassingly poor Aliens: Colonial Marines, was hit with a $7 million lawsuit by SouthPeak Interactive over the development of another shooter, Section 8.

The filing by Timegate lists a number of creditors, ranging from Epic Games, SouthPeak Interactive and Agora Games, all the way down to a local pizzeria to whom they owe $34.80. Yes, really.

Timegate recently announced their new shooter Minimum, which at this rate is looking unlikely to make it to completion.

Source: Polygon

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12 comments (Leave your own)

Game over man, game over!

 

It all started with the pizza and blew up from there.

 

While it is sad that people lose their jobs they do develop rather crap games.

 

I guess their new shooter’s chances of getting completed….

*shades*

….are minimum.

YEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

 
Ralph Wiggum

PalZer0:
I guess their new shooter’s chances of getting completed….

*shades*

….are minimum.

YEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH!

Gold.

 

Very scary stuff really, Pizza is the blood of the industry, the more places that boycott a developer the more likely they are of starving to death..

Sponsor a starving game developer today.. QQ

 

Boo, Minimum looked really good IMHO.

 

I never heard of their new game. They must have kept the hype to a … minimum.

 

You might say they ran out of…

*shades*

Time……..

 

A new shooter,
I wonder what the .. minimum specs were going to be?

 

vcatkiller,

You forgot a comma…

 

I’ll give you a comma…

,

There you go, just reread my post and imagine it’s up there.

 
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