Realtime Worlds Enters into Administration

August 17, 2010 -

Realtime Worlds has gone into "administration" according to a report on Gamasutra. The confirmation of this comes on the heels over an earlier report this morning on sister publication Develop. The company that created Crackdown and All Points Bulletin will now be under the watchful eye of UK-based corporate recovery group Begbies Traynor.

Begbies Traynor will look deeply into the financial soul of the company and figure out if it can find a way to survive by selling assets or if it will have to close its doors altogether. Administration is equivalent to bankruptcy here in the United States in case you didn't figure that out already.

The Administration follows what should have been a profitable time for the Dundee, Scotland-based company founded by Grand Theft Auto creator Dave Jones; two months ago the company launched its first MMO the gritty urban action game All Points Bulletin, but the game didn't do as well as the company had expected, forcing it to (recently) cut some 60 employees from its staff. The company also recently unveiled a social virtual game world called Project: My World, but media reports indicate that it couldn't secure a deal to finance the game.

While the company's fate is uncertain it would be a shame to lose the developer that brought us the original Crackdown. We'll continue to follow this story as it develops.

Source: Gamasutra

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Comments

Re: Realtime Worlds Enters into Administration

This stinks as I bought APB in hopes that they would eventually release enough patches to make it in to a servicable MMO universe. I like the idea of a MMO shooter, but the execution on that idea is at this time incomplete.

I guess there is little chance now of them making the game better for those of us who bought the game? More importantly... I just went out to Steam and I see: "Buy APB All Points Bulletin for $49.99." The big "what if" is that lets say you buy this today and Realtime Worlds goes belly up? Is "company want under" a viable reason to get your money back? I seem to remember Valve/Steam being hard to get a refund from? Is that still true?

 

Re: Realtime Worlds Enters into Administration

After releasing the god awful APB this was expected to happen to Real Time Worlds.

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Re: Realtime Worlds Enters into Administration

I'll be stupid enough to argue that this is somehow Microsoft's fault.  I think that when Microsoft pulled Crackdown from Real Time Worlds, they lost a game that would have garnered them crucial sales during this time.  Also, Crackdown 2 sucked and had none of the charm the original had.

http://www.deathvanquished.com

 
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Matthew Wilsonhttp://www.businessinsider.com/xbox-one-virtual-reality-headset-will-compete-with-oculus-rift-2014-12 can a xbo even handle doing vr?12/21/2014 - 10:48pm
PHX Corp@Adam802 We'll break out the popcorn in June12/19/2014 - 9:23pm
ZippyDSMleeMaskedPixelante: I'm itching to start it too but I will wait till the patch goes live. >>12/19/2014 - 7:52pm
Adam802Leland Yee and Jackson get trial date: http://sfbay.ca/2014/12/18/leland-yee-keith-jackson-get-trial-date/12/19/2014 - 5:24pm
MaskedPixelanteNevermind. Turns out when they said "the patch is now live", they meant "it's still in beta".12/19/2014 - 5:07pm
MaskedPixelanteSo I bought Dark Souls PC, and it's forcing me to log into GFWL. Did I miss something?12/19/2014 - 5:00pm
Matthew Wilsonhttp://arstechnica.com/tech-policy/2014/12/republicans-may-have-plan-to-save-internet-providers-from-utility-rules/ this is intreasting. congress may put net nutrality in to law to avoid title 2 classification12/19/2014 - 2:45pm
Matthew Wilsonhttp://www.polygon.com/2014/12/19/7421953/bullshit-cards-against-humanity-donated-250k-sunlight-foundation I have to admit I like the choice o organization. congrats to CAH.12/19/2014 - 1:51pm
E. Zachary KnightIf you are downloading a copy in order to bypass the DRM, then you are legally in the wrong. Ethically, if you bought the game, it doesn't matter where you download it in the future.12/19/2014 - 12:06pm
InfophileEZK: Certainly better that way, though not foolproof. Makes me think though: does it count as piracy if you download a game you already paid for, just not from the place you paid for it at? Ethically, I'd say no, but legally, probably yes.12/19/2014 - 11:20am
ZippyDSMleeAnd I still spent 200$ in the last month on steam/GOG stuff sales get me nearly every time ><12/19/2014 - 10:55am
ZippyDSMleeMaskedPixelante:And this is why I'm a one legged bandit.12/19/2014 - 10:51am
ZippyDSMleeE. Zachary Knight: I buy what I can as long as I can get cracks for it...then again it I could have gotton Lords of the Fallen for 30 with DLC I would have ><12/19/2014 - 10:50am
MaskedPixelantehttp://www.joystiq.com/2014/12/19/marvel-vs-capcom-origins-leaving-online-storefronts-soon/ Speaking of "last chance to buy", Marvel vs. Capcom Origins is getting delisted from all major storefronts. Behold the wonders of the all digital future.12/19/2014 - 9:59am
MaskedPixelanteSeriously, the so-called "Last Chance" sale was up to 80% off, while this one time only return sale goes for a flat 85% off with a 90% off upgrade if you buy the whole catalogue.12/19/2014 - 9:37am
E. Zachary KnightInfophile, Tha is why I buy only DRM-free games.12/19/2014 - 9:37am
MaskedPixelanteNordic is back on GOG for one weekend only. And at 85% off no less, which is kind of a slap in the face to people who paid more during the "NORDIC IS LEAVING FOREVER BUY NOW OR FOREVER HOLD YOUR PEACE" sale, but whatever...12/19/2014 - 9:28am
InfophileRe PHX's link: This is one of the reasons the digital revolution isn't all it's cracked up to be. There's also the flip side where Sony can block access to games you've bought if they ban your account for unrelated reasons. All power is theirs.12/19/2014 - 8:52am
MaskedPixelantehttp://uplay.ubi.com/#!/en-US/events/uplay-15-days You can win FREE GAMES FOR A YEAR! Unfortunately, they're Ubisoft games.12/18/2014 - 6:29pm
Papa MidnightAh, so it was downtime. I've been seeing post appear in my RSS feed, but I was unable to access GamePolitics today across several ISPs.12/18/2014 - 6:06pm
 

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