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MoxPearl
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http://ps2.gamespy.com/playstation-2/juiced/543127p1.html
http://www.gamesindustry.biz/content_page....me=pub&aid=4064
GameSpy has posted an update on the current financial situation surrounding publisher Acclaim, which shut down its main offices and its two internal developers studios (in Manchester, UK and Austin, Texas) last week after failing to get a new extension from its creditors.
On Friday, employees at the main New York office were called in for a meeting where it was disclosed Acclaim was filing for bankruptcy protection. No details were given about whether this "bankruptcy protection" was Chapter 11, which would allow Acclaim to continue operations, granting it immunity from its creditors while it restructures, or how the company was going to proceed. People were asked to pack their belongings and leave the premises by 1pm.
The Acclaim U.S. offices usually get paid twice per month so they received payment for the first half of August, while European employees only get paid once and will most likely not receive anything.
When asked about the imminent release of ***les such as Juiced and The Red Star, our source confirmed those ***les were finished and ready for publication but would obviously not be released on their expected dates (Juiced being Sept. 21st). The financial dispute between Acclaim and Battleborne over Combat Elite was still going on up until a few weeks ago, prouct date was to be determined. In light of recent events, it is safe to assume that there will be no quick solution in that area either.
After initial calls to the New York offices of Acclaim were not answered, we finally managed to got hold of media contact Edward Slezak, who unfortunately only said "I'm not interested in talking right now" and hung the phone.
http://www.gamesindustry.biz/content_page....me=pub&aid=4064
GameSpy has posted an update on the current financial situation surrounding publisher Acclaim, which shut down its main offices and its two internal developers studios (in Manchester, UK and Austin, Texas) last week after failing to get a new extension from its creditors.
On Friday, employees at the main New York office were called in for a meeting where it was disclosed Acclaim was filing for bankruptcy protection. No details were given about whether this "bankruptcy protection" was Chapter 11, which would allow Acclaim to continue operations, granting it immunity from its creditors while it restructures, or how the company was going to proceed. People were asked to pack their belongings and leave the premises by 1pm.
The Acclaim U.S. offices usually get paid twice per month so they received payment for the first half of August, while European employees only get paid once and will most likely not receive anything.
When asked about the imminent release of ***les such as Juiced and The Red Star, our source confirmed those ***les were finished and ready for publication but would obviously not be released on their expected dates (Juiced being Sept. 21st). The financial dispute between Acclaim and Battleborne over Combat Elite was still going on up until a few weeks ago, prouct date was to be determined. In light of recent events, it is safe to assume that there will be no quick solution in that area either.
After initial calls to the New York offices of Acclaim were not answered, we finally managed to got hold of media contact Edward Slezak, who unfortunately only said "I'm not interested in talking right now" and hung the phone.
