Gothic 4 developer, Spellbound Entertainment, files for insolvency
Written By Matt Sainsbury on Thursday, March 22, 2012 | 20:45
The reason, according to a press release, is because an investment round broke down in its final stages. It's important to note this doesn't necessarily mean the end of the team behind Airline Tycoon, Desperados and Gothic 4. The company has already gone through an audit, and it has a number of advanced projects that should see it recapitalise.
A relief for the company of 65 people, we're sure. Still, it's sad to see these veteran companies struggle.