|Playlogic Entertainment, Inc|
Playlogic Entertainment, Inc. is listed on the ‘OTCBB’ in New York, (ticker symbol: PLGC) and is an independent publisher of entertainment software for console, PC, handheld, mobile devices and other digital mediums.
Playlogic International N.V. is a full subsidiary of Playlogic Entertainment, Inc. and is based in Amsterdam, the Netherlands. Playlogic publishes a variety of games developed internationally but also through their in-house production facility, Playlogic Game Factory.
Together Playlogic represents a work force stronger than 110 who are responsible for Distributing, Selling, Licensing, PR & Marketing and Product Development.
In 2009, Playlogic Games were pleased to see the launch of the largely anticipated Fairytale Fights, which was developed and published by Playlogic Games and Playlogic Games Factory
Playlogic Game Factory: Based in Breda (the Netherlands) is one of the most modern and advanced contemporary development studios with a team of circa 80 people developing a number of titles on several platforms. Playlogic Game Factory also works as a first party contractor for Sony Computer Entertainment Europe (SCEE).
The company’s principal sources of revenue are derived from publishing operations. Playlogic owns most of the intellectual property they publish.
Bankruptcy[edit | edit source]
On Tuesday 27 July 2010 rumours started to surface around Playlogic about a possible bankruptcy, after a few years of struggling with major losses and new games failing to bring in new cash. Wednesday 28 July 2010 the rumours have been confirmed by a filing at the US Securities and Exchange Commission. This filing revealed that the company had voluntarily entered into 'surseance van betaling', the Dutch equivalent of Chapter 11.
References[edit | edit source]
- "Nederlandse gameontwikkelaar Playlogic stevent af op faillissement". Tweakers.net. Jul 27th, 2010. http://tweakers.net/nieuws/68796/nederlandse-gameontwikkelaar-playlogic-stevent-af-op-faillissement.html.
- "Playlogic files for bankruptcy". gamsindustry.biz. Jul 28th, 2010. http://www.gamesindustry.biz/articles/playlogic-files-for-bankruptcy.