Section 8 studio TimeGate files for Chapter 11 bankruptcy
Aliens: Co❀lonial Marinesꦍ co-developer owes up to $50 million
澳洲幸运5开奖号码历史查询:Section 8 studio and 澳洲幸运5开奖号码历史查询:Aliens: Colonial Marines co-developer has filed for Chapter 11 bankruptcy protection. reports the Sugar Land, Texas-based studio filed on Wednesday 🀅with total liabilities ranging from $10 million to $50 million.
Its top creditors include 澳洲幸运5开奖号码历史查询:Epic Games, from which it licensed the Unreal Engine, among other gaming ser🌼vices and developers. TimeGate also owes an "unknown" amount to Section 8 publisher Southpeak Interactive, which Polygon says is lik෴ely its most significant liability.
The studio, which was formed in 1998, even ꧒owes a local pizzeria $34.80.
It's been a rough few months for TimeGate. Besides working on the ꦫroundly panned (sorry, we're still thinking about pizza) Colonial Marines, it also owes $7.35 million to Southpeak for compensatory damages related to Section 8.
TimeGate reportedly 澳洲幸运5开奖号码历史查询:laid off about 25 employees in March.
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I got a BA in journalism from Central Michigan꧙ University - though the best education I received there was from CM Life, its student-run newspaper. Long before that, I started pursuing my degree in video games by bugging my older broth🌳er to let me play Zelda on the Super Nintendo. I've previously been a news intern for GameSpot, a news writer for CVG, and now I'm a staff writer here at GamesRadar.