Strategy First going Interplay?
Strategy First going Interplay?
Company News - posted by Spazmo on Tue 21 September 2004, 23:40:37
Tags: Jagged Alliance 3D; Strategy FirstAccording to a GameSpy report, Jagged Alliance 3/3D publisher Strategy First has filed for Chapter 11 protection.
Strategy First was founded in 1988 in Montreal and grew to employ over 100 programmers, artists and marketing representatives in Montreal, Ottawa and London, England, by November 2002. Due to its financial difficulties, Strategy First has scaled back its operations and presently employs 16 people in Montreal, although in the event its restructuring is successful, it intends to employ approximately 40 people. Debts include over $30,000 USD in unpaid rent (probably for the office lease) and over $80,000 USD to the Canadian Government while employees are still owed around $48,000 USD. Aside from the approximate total of $4 million USD owed to various investors, Strategy First's biggest debt is the $1.7 million USD in royalties owed to game developers around the world.
Unpaid developers, unpaid rent, the government on your ass, investors breathing down your neck... Yeah, sounds like the classic Interplay case. Well, don't sweat it, SF guys, I think UbiSoft and EA's Montreal offices are hiring.
Thanks to Lasakon for the heads up.
Strategy First was founded in 1988 in Montreal and grew to employ over 100 programmers, artists and marketing representatives in Montreal, Ottawa and London, England, by November 2002. Due to its financial difficulties, Strategy First has scaled back its operations and presently employs 16 people in Montreal, although in the event its restructuring is successful, it intends to employ approximately 40 people. Debts include over $30,000 USD in unpaid rent (probably for the office lease) and over $80,000 USD to the Canadian Government while employees are still owed around $48,000 USD. Aside from the approximate total of $4 million USD owed to various investors, Strategy First's biggest debt is the $1.7 million USD in royalties owed to game developers around the world.
Unpaid developers, unpaid rent, the government on your ass, investors breathing down your neck... Yeah, sounds like the classic Interplay case. Well, don't sweat it, SF guys, I think UbiSoft and EA's Montreal offices are hiring.
Thanks to Lasakon for the heads up.
