Wreckfest devs go bankrupt.

Digital X · 13 Apr 2016 at 18:36

http://www.brokenjoysticks.net/2016/04/13/wreckfest-dev-bugbear-files-bankruptcy/

Bit of a shame tbh. Even though it was rarely updating it was a great game and hoped it would go far. But now it's fallen and doubt it will get back up.

Pixel · 13 Apr 2016 at 18:39

This is why I don't touch early access.

Huntyz · 13 Apr 2016 at 18:40

What the ****

Bought next car game ages ago and was waiting for it to be finished.

Also bought all the flat out games and thought they were popular so how can they be bankrupt?

Digital X · 13 Apr 2016 at 18:40

Yeah, I sort of bit the bullet with this, as always looks promising but kerflump. Lesson learned.

^Not sure, they go back to games as far as 2001 so not sure if devs came and went or what happened.

Raumarik · 13 Apr 2016 at 18:47

Shame as it was shaping up well, tbh got my money's worth but want entirely unexpected after they cancelled the Kickstarter so last in the campaign.

Shamikebab · 13 Apr 2016 at 18:50

Shame, I always enjoyed the Flatout series

james.miller · 13 Apr 2016 at 18:54

Ouch that was shaping up to be a great game. Annoying.

Sega Mega Dave · 13 Apr 2016 at 19:08

Wasted a year upgrading the engine, not always a sensible move when on a tight budget.

Daftbrown · 13 Apr 2016 at 19:57

My first, and probably now last, foray into the world of Early Access...

A real shame. We need a game like this was intended to be.

Kmodo · 13 Apr 2016 at 20:57

Yeah...agreed, no more early access for me

hyperseven · 13 Apr 2016 at 21:03

Hopefully Someone like Codemasters will snap up the project?

Daytrader · 13 Apr 2016 at 21:17

So what did they do with the $£million they took in the first week of being on steam ?

Raumarik · 13 Apr 2016 at 21:17

^^ I hope so, can't help but think they'd done a bulk of the work.

Vulcan · 13 Apr 2016 at 21:49

Daytrader said:
So what did they do with the $£million they took in the first week of being on steam ?

According to an unspecified source on wiki, they had 40 employees in 2007. I doubt they had that amount in January 2014, but assuming they did, it would cost £1,000,000+ in staff salaries per year, that's not including taxes, hardware, software licences, building rent etc. Not to mention "£1,000,000 in sales" probably doesn't factor in Valve's cut of 30%.

Daytrader · 13 Apr 2016 at 22:18

Longbow said:
According to an unspecified source on wiki, they had 40 employees in 2007. I doubt they had that amount in January 2014, but assuming they did, it would cost £1,000,000+ in staff salaries per year, that's not including taxes, hardware, software licences, building rent etc. Not to mention "£1,000,000 in sales" probably doesn't factor in Valve's cut of 30%.

Ah i see.

Digital X · 13 Apr 2016 at 22:30

Hope so hyper, they've recently taken driveclub devs onboard so..

Gimpymoo · 14 Apr 2016 at 01:37

Was shaping up to be a great game.

Personally, I would not want Codemasters anywhere near it.

Hopefully, original developers jump in to buy the assets?

Also, I would think if declared bankrupt, it would be illegal to still sell good, no?

Their website and Steam page are working fine.

https://twitter.com/bugbeargames/status/679695530298064896?lang=en

Went to @KonsoliFIN and bought presents for kids at Children's Hospital. Should give smile! #givingback #charity

Nice guys.

weyland yutani · 14 Apr 2016 at 11:02

They messed up the game with their "update" last summer, the one that took 9 months just to turn a really fun game into a slow, stuttering ****.

barmyllama · 14 Apr 2016 at 12:12

First and last foray into Early Access for me.

cheesyboy · 14 Apr 2016 at 12:22

A creditor has applied to wind up the company. That doesn't necessarily mean they're bankrupt, simply that they have a debt that they aren't paying. They might not be paying because they cant' (so 'bankrupt') or the debt may be something they have contested.

It's not a positive, that's for sure, but it's not necessarily doomsday.