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 Posted: Mon, 18th Jul 2005 18:50 Post subject: Goodbye Hip Interactive |
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Hip Interactive Shutting Down:
Hip Interactive has announced that it has now gone bankrupt and will cease its operations. Failing to receive financial support, the company announced, "discussions with a third party to provide interim relief in respect of the Company's immediate financing needs were not successful."
As of today, the Canada-based publisher will cease all operations and close its doors. The fate of Hip's three upcoming games, Call of Cthulhu, George Romero's City of the Dead, and Jackie Chan Adventures, remain unknown--but presumably the rights to them will be sold to the highest-paying publisher.
Signs of the company's perilous situation were apparent last week, when investors were told that the company was in default on its secured loan. While trying to find other avenues of capital, Congress Financial Corp, its primary funding source, asked the Canadian court to declare the publisher bankrupt.
Meanwhile, the European division of Hip Interactive released a statement saying it's business as usual. "Hip Interactive Europe confirms the upcoming releases, end of September, of its line-up with titles such as Rugby Challenge 2006, Garfield 'Saving Arlene' as well as its exciting line of accessories for all consoles including the Sony PSP handheld."
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crap.
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zTc
Banned
Posts: 293
Location: Denmark
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| Posted: Mon, 18th Jul 2005 18:51 Post subject: |
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| Posted: Mon, 18th Jul 2005 19:21 Post subject: |
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damn
i want want city of dead !!!
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arw
Posts: 1281
Location: Barry - Wales - (UK)
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drakgon
Posts: 1167
Location: England
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upstart_69
Posts: 1094
Location: Right behind you!
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| Posted: Tue, 19th Jul 2005 04:42 Post subject: |
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thanks upstart_69, you just made my day, I didnt know there were 2 games on the Cthulhu theme. Anyway its the Bethesda game I am looking forward to, not some crap that Hip interactive would likely have dished out.
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| Posted: Tue, 19th Jul 2005 06:52 Post subject: |
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That sucks...i was waiting for Call of Cthulhu for years.
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| Posted: Tue, 19th Jul 2005 12:47 Post subject: |
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I don't think HiP did 1 single *good* game - just crapolio like:-
Breed (c) Hip Interactive
CT Special Forces Nemesis Strike (c) Hip Interactive
Firestarter (c) HIP Interactive
Marine Heavy Gunner Vietnam (c) HIP interactive
Sitting Ducks (c) HIP Interactive
Stolen (c) HIP Interactive
Their titles were *slightly* better than ValuSoft's but not by much ;-P
You wanted a Miracle, I give you the F. B. Eye !!
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z0ne
Posts: 342
Location: Bulgaria/Germany
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| Posted: Tue, 19th Jul 2005 15:53 Post subject: |
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i heard the europe office wont get closed !!!
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| Posted: Tue, 19th Jul 2005 16:56 Post subject: |
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The European branch is in fact an independent company (LSP Games). It was only since this year they had an agreement with HIP to distribute their games in Europe.
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Mutantius
VIP Member
Posts: 18594
Location: In Elektro looking for beans
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| Posted: Tue, 19th Jul 2005 19:26 Post subject: |
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arr goddamti I dont want to lose City of The Dead.
"Why don't you zip it, Zipfero?" - fraich3
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) oh well. i suppose everyone has their styles , i am still mourning the death of blackisle ( though reincarnation in the form of bioware is not too bad).
or not
