|
Your continuous donations keep RPGWatch running!
RPGWatch Forums » Comments » News Comments » Spellbound Entertainment - Files for Insolvency

Default Spellbound Entertainment - Files for Insolvency

March 22nd, 2012, 19:16
Another one bites the dust … as the whole German internet reports, ArcaniA developer Spellbound had to file for insolvency after a failed investment round. It's quite surprising news because Spellbound was expanding into mobile and online games.
Everyday business continues without changes. Due to the insolvency the wages for the 65 employees are guaranteed by law, at least for a certain time.
The insolvency administrator is optimistic Spellbound can be saved. They have a couple of projects relatively close to release and investors are interested. Search for investors has started immediately.

German insolvency law is strict. If certain requirements are met or certain obligations can no longer be fulfilled, a company must file for bankruptcy. Failing to do so would get the managing director into serious legal trouble. Companies with substance generally have realistic chances to recover.
Spellbound is currently working on the action-RPG Ravensdale.
More information.
Gorath is offline

Gorath

Gorath's Avatar
Prime Evil
RPGWatch Team

#1

Join Date: Aug 2006
Posts: 6,804

Default 

March 22nd, 2012, 19:16
Think not of ArcaniA and frolic with joy, but remember Desperados and weep.
himmy is offline

himmy

himmy's Avatar
Watcher

#2

Join Date: Mar 2012
Location: New Europe
Posts: 60

Default 

March 22nd, 2012, 19:30
Originally Posted by himmy View Post
Think not of ArcaniA and frolic with joy, but remember Desperados and weep.
It's never good news to hear a developer going down, ArcaniA wasn't that bad to be honest. I hope they find investors and that these 65 people can keep their jobs.
basharran is offline

basharran

basharran's Avatar
Watchdog

#3

Join Date: Aug 2010
Location: The Netherlands
Posts: 164

Default 

March 22nd, 2012, 21:15
While ArcaniA wasn't that bad of a game as people make it out to be I was interested in Ravensdale. Hopefully they find an investor.

"Beware the potato for he is easily angered."- Couchpotato
Couchpotato is offline

Couchpotato

Couchpotato's Avatar
LazyGamer
RPGWatch Team

#4

Join Date: Oct 2010
Location: Potato Land
Posts: 8,964

Default 

March 22nd, 2012, 21:40
ArcaniA was ok, my main complaint was that it wasn't a real Gothic IV. It wasn't anything special, just an average action RPG. I didn't care for Fall of Setarriff much at all though.

I hope they can get back on their feet and don't have to go into bankruptcy.
Xian is offline

Xian

Xian's Avatar
SasqWatch

#5

Join Date: Jan 2010
Location: Tennessee, United States
Posts: 250

Default 

March 22nd, 2012, 22:10
Arcania was just contract work. JoWooD wanted it so streamlined and Spellbound delivered that. No reason to read too much into it.
PB declared the Gothic projects since G3:FG "non canonical".
Gorath is offline

Gorath

Gorath's Avatar
Prime Evil
RPGWatch Team

#6

Join Date: Aug 2006
Posts: 6,804

Default 

March 23rd, 2012, 02:02
Spellbound created a competent game engine that was underutilized. Arcania wasn't horrible, but it was very forgettable.

If I'm right but there is no wife around to acknowledge it, am I still right?
TheMadGamer is offline

TheMadGamer

TheMadGamer's Avatar
SasqWatch

#7

Join Date: Oct 2006
Location: Oregon
Posts: 1,957

Default 

March 23rd, 2012, 22:16
I hope they recover. I liked Arcania and (debate about Gothic-ness aside) I thought it was a good game.

I was really looking forward to what they would come up with with Ravensdale, so it'd be a shame if that went to waste.

-Sergorn
Sergorn is offline

Sergorn

Watchdog

#8

Join Date: Dec 2008
Posts: 205

Default 

April 5th, 2012, 03:29
Sad news, but hopefully they pull themselves through this mess. Arcania was a horrible game and an awfull sequel, but the blame belongs to Jowood for not understanding what gothic games were about.
Dez is offline

Dez

Dez's Avatar
Keeper of the Watch

#9

Join Date: Oct 2006
Posts: 1,127
RPGWatch Forums » Comments » News Comments » Spellbound Entertainment - Files for Insolvency
Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT +2. The time now is 11:34.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright by RPGWatch