Playlogic Isn't OK, Files for Bankruptcy

Bad games that put on't deal out, as well atomic number 3 customers World Health Organization aren't paid what's owed, have forced Playlogic to file for bankruptcy.

Information technology seems the like it was just yesterday when Dutch publisher Playlogic was claiming that, in spite of a tough system surround, information technology wasn't actually bankrupt. Ohio, wait, it was just yesterday that that happened. Information technology turns out that this wasn't entirely the display case, A Playlogic has now filed for failure.

A filing at the US Securities and Commute Commission revealed that Playlogic has voluntarily autographed upbound for failure protection. According to the company's directorate, the publisher (and its ontogeny studio Playlogic Game Manufacturing plant) entered "surseance van betaling", which is the Dutch same of Chapter 11.

After poster a $20 million exit live on yr &mdash likewise as revealing that its largest client was delinquent on nearly $2 million of invoices &mdash the fellowship had revealed that IT was having some major problems and might have to cease operations if it wasn't competent to get an influx of cash. However, when GameIndustry.biz asked about the state of the accompany, "Playlogic's Rick van Beem denied the company was bankrupt but admitted it was 'facing tough times.'"

On go past of this, Playlogic revealed a $2.2 billion expiration for the first quarter. The last 2 games I played from Playlogic were Hellish: Hell's Vengeance and Fairytale Fights, some of which were pretty bad. While it's e'er a bit sad to hear about a newspaper publisher going through troubles like this, it's not exactly surprising given Playlogic's recent track record.

Generator: GamesIndustry.biz

https://www.escapistmagazine.com/playlogic-isnt-ok-files-for-bankruptcy/

Source: https://www.escapistmagazine.com/playlogic-isnt-ok-files-for-bankruptcy/