JoWooD's Future Uncertain as Unnamed Investor Loses Interest

March 23, 2011 -

According to the company handling Vienna-based publisher JoWooD's insolvency, an unnamed investor has withdrawn its interest in the company. Insolvency organizer Helmut Platzgummer does say that two other investors are still interested in helping JoWooD with its cash flow problem.

The Vienna-based company is best known for role-playing series Gothic. The company has been actively seeking new investment since filing for insolvency earlier this year. At that time, the company's board claimed that it could conclude discussions with creditors within 90 days.

Things are not looking good for the company at the moment. Recently it announced that the Gothic 4 expansion, ArcaniA – Fall of Setarrif, had been cancelled due to "legal uncertainty." JoWooD business development manager Stefan Berger of the expansion: "It's uncertain whether the game can be released onto the market in its current form." He should have probably thought that way about Gothic 4.

JoWooD has around 90 employees. The company filed a lawsuit against publisher Koch Media, claiming that the German firm owed it €2.36 million ($3.04 million) plus interest, for shares purchased in 2006.

Source: GI.biz

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DocMelonheadAnd TB's Response: https://soundcloud.com/totalbiscuit/enough08/03/2015 - 6:41pm
DocMelonheadMWK and IP: but if you want something recent for both of you to bicker about in regards to TB, I present you the Rowan Kaiser Slandering TB: https://archive.is/LEA5T08/03/2015 - 6:41pm
Mattsworknametreatment. might have made him just a bit bitter08/03/2015 - 6:38pm
MattsworknameDOC: Tb is an opionated dude who holds extremely strong beliefs and has a severe distaste for those he views as being on the other side of the gamergate isue. I think a big part of it might be all those who went after him when he was undergoing cancer08/03/2015 - 6:38pm
DocMelonheadIP: You have to remember the human, everyone shouldn't be treated as gods or devils. Otherwise, we could've kill Bill Cosby for raping 40 women over the course of his career.08/03/2015 - 6:37pm
DocMelonheadIP: So yeah, he did spread misinformation about the victims of Gamergate Harassment: And that's bad. But It's not worth calling him out as a horrible person because of those lies that he helps spread.08/03/2015 - 6:33pm
MattsworknameAndrew: i know, I know, im just being a bit over serious today.08/03/2015 - 6:33pm
DocMelonheadIP: Should we call out Game Politics for their refusal to exclude all of Gamergate that isn't Hate speech or harassment? Because that is what your attitude tells me.08/03/2015 - 6:28pm
Andrew EisenMatt - Come on, man. You HAVE to realize that I was just goofing around with my 6:17 comment.08/03/2015 - 6:28pm
DocMelonheadIP: As for TotalBiscuit, do you suggest that we should branded him as a bigoted liar and a fraud just because he buys into the whole "Gamergate" mission statement?08/03/2015 - 6:26pm
MattsworknameAnderw: Youtube is a great place cause everyone can say anything, doesn't make it a bation of ethics08/03/2015 - 6:26pm
MattsworknameIp: As I've said, I long ago came to the conlusion that I have no need to bother arguing with you, you long ago robbed yourself of any credibiltiy. I just let your hatred and bias shine on for all to see.08/03/2015 - 6:24pm
MattsworknameAndrew: Im totally cool it that, just cause im a jaded skeptic doesn't mean im not aware of the situatoin, and you teasing me for it is totally what I would expect if the roles were reveersed08/03/2015 - 6:22pm
DocMelonheadAlso the lie's only in regard to gamerGate, which you, IP, wanted us to denounce it as a fraud.08/03/2015 - 6:21pm
Andrew EisenI'm on YouTube. I've got journalistic ethics out the wazoo. Therefore, YouTube is a bastion of ethics. Science says so!08/03/2015 - 6:17pm
DocMelonheadIP: drop it, man, we get it: Total Biscuit Defamed Leigh Alexander, and encourage the harassment campaign.08/03/2015 - 6:17pm
IronPatriotSo far, total FAILURE in defending TotalBiscuit's lies and distortions which I posted.08/03/2015 - 6:17pm
IronPatriotIt's HILARIOUS that Mattsworkname fails to discredit a single fact posted on medium.com, so he tries to dicredit ALL of medium.com. OK, prove the jounalistic ethics of Youtube, home of your gamergate hero TotalLYINGBiscuit. LOL.08/03/2015 - 6:15pm
Andrew EisenYou realize I'm going to tease you with this every time you link something now, right? Bwa ha ha!08/03/2015 - 6:09pm
MattsworknameAndew: im a jaded skeptic with way to much mistrust of media, sadly, thats hard for me to do anymore08/03/2015 - 6:07pm
 

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