Report: Section 8 and Aliens: Colonial Marines Dev TimeGate to Shut
Written Friday, May 10, 2013 By Lee BradleyView author's profile
Developer TimeGate is to shut, according to industry sources.
The troubled studio, responsible for Section 8 and Aliens: Colonial Marines, reportedly laid off all of its staff yesterday.
TimeGate has been struggling with financial issues for some time. It went into administration last week, but sources say publisher SouthPeak Interactive subsequently won a legal battle ensuring that the developer went into liquidation.
What does that mean? It’s means TimeGate is no more.
The two companies have been at each others throats over the disputes regarding Section 8 for years. Initially TimeGate sued Southpeak for withholding royalties and failing to produce localised versions of the game. But then SouthPeak countersued, alleging that the developer hadn’t invested as much money in the game as agreed.
Should the reports be correct, it looks like the battles are over. Best of luck to all those looking for new jobs.