Really wasn't talking out my rear end about gamesas doing wrong (backwards). I knew d3 would suffer from the FALLOUT of backwards thinking. They bit off more than they could chew, instead of securing sources of income through easy development of smaller games.
Oh well, maybe they'll sell the Descent License and we'll get to see another company develop it.
gamesas Close To Bankruptcy
4:08 AM - Andrew Burnes - 17 Comments
It's more than likely that Bethesda will reclaim the Fallout MMO rights seeing how gamesas ended 2008 with nothing to their name, and only seven staff on the payroll:
According to the filing, gamesas ended 2008 with a cash balance of USD 0 and a deficit of approximately USD 2.4 million. The publisher is actively seeking financing or income, without which it will be forced to liquidate assets, sell the company or face bankruptcy.
"We continue to seek external sources of funding," gamesas said, "including but not limited to, incurring debt, the selling of assets or securities, licensing of certain product rights in selected territories, selected distribution agreements, and/or other strategic transactions sufficient to provide short-term funding, and achieve our long-term strategic objectives."
The report indicated that gamesas currently has only one project undergoing internal development, an MMO with the codename "Project: V13," believed to be the Fallout MMO first announced one year ago. gamesas has four other projects in early design stages, but without any cash in its coffers, it is unable to fund development.
The filing also revealed gamesas's head count at the end of 2008, which included only seven employees - four in game development, and three in "finance, general and administrative" positions