Gothic 4 developer, Spellbound Entertainment, files for insolvency

1 min read

There’s some serious financial challenges facing a real industry veteran. German developer, Spellbound Entertainment, has been around since 1994 and it’s just filed for insolvency.

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.

This is the bio under which all legacy articles are published (as in the 12,000-odd, before we moved to the new Website and platform). This is not a member of the DDNet Team. Please see the article's text for byline attribution.

Previous Story

Review: WorldCup Cricket Fever (iPhone)

Next Story

It’s a thriller of a Nintendo Download

Latest Articles