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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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.

http://www.magicinkgaming.com/

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.giantbomb.com/articles/jeff-gerstmann-heads-to-new-york-takes-questions/1100-4900/ He talks about the future games press and the games industry. It is worth your time even though it is a bit long, and stay for the QA. There are some good QA04/17/2014 - 5:28pm
IanCErm so they shouldn't sell edutainment at all? Why?04/17/2014 - 4:42pm
MaskedPixelanteNot that linkable, go onto Steam and there's stuff like Pajama Sam on the front-page, courtesy of Night Dive.04/17/2014 - 4:13pm
Andrew EisenOkay, again, please, please, PLEASE get in a habit of linking to whatever you're talking about.04/17/2014 - 4:05pm
MaskedPixelanteAnother round of Night Dive teasing and promising turns out to be stupid edutainment games. Thanks for wasting all our time, guys. See you never.04/17/2014 - 3:44pm
Matthew WilsonAgain the consequences were not only foreseeable, but very likely. anyone who understood supply demand curvs knew that was going to happen. SF has been a econ/trade hub for the last hundred years.04/17/2014 - 2:45pm
Andrew EisenMixedPixelante - Would you like to expand on that?04/17/2014 - 2:43pm
MaskedPixelanteWell, I am officially done with Night Dive Studios. Unless they can bring something worthwhile back, I'm never buying another game from them.04/17/2014 - 2:29pm
PHX Corphttp://www.msnbc.com/ronan-farrow/watch/video-games-continue-to-break-the-mold-229561923638 Ronan Farrow Daily on Video games breaking the mold04/17/2014 - 2:13pm
NeenekoAh yes, because by building something nice they were just asking for people to come push them out. Consequences are protested all the time when other people are implementing them.04/17/2014 - 2:06pm
Matthew Wilsonok than they should not protest when the consequences of that choice occur.04/17/2014 - 1:06pm
NeenekoIf people want tall buildings, plenty of other cities with them. Part of freedom and markets is communities deciding what they do and do not want built in their collective space.04/17/2014 - 12:55pm
Sora-ChanI realize that they have ways getting around it, but one reason might be due to earthquakes.04/17/2014 - 4:42am
Matthew WilsonSF is a tech/ economic/ trade center it should be mostly tail building. this whole problem is because of the lack of tail buildings. How would having tail apartment buildings destroy SF? having tail buildings has not runed other cities around the US/world04/16/2014 - 10:51pm
Matthew WilsonAgain the issue is you can not build upwards anywhere in SF at the moment, and no you would not. You would bring prices to where they should have been before the market distortion. those prices are not economic or socially healthy.04/16/2014 - 10:46pm
ZippyDSMleeYou still wind up pushing people out of the non high rise aeras but tis least damage you can do all things considered.04/16/2014 - 10:26pm
ZippyDSMleeANd by mindlessly building upward you make it like every place else hurting property prices,ect,ect. You'll have to slowly segment the region into aeras where you will never build upward then alow some aeras to build upward.04/16/2014 - 10:25pm
Matthew WilsonSF have to build upwards they have natural growth limits. they can not grow outwards. ps growing outwards is terable just look at Orlando or Austin for that.04/16/2014 - 4:15pm
ZippyDSMleeIf they built upward then it would becoem like every other place making it worthless, if they don't build upward they will price people out making it worthless, what they need to do is a mix of things not just one exstreme or another.04/16/2014 - 4:00pm
Matthew Wilsonyou know the problem in SF was not the free market going wrong right? it was government distortion. by not allowing tall buildings to be build they limited supply. that is not free market.04/16/2014 - 3:48pm
 

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