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Industry News
Free Radical Closing Down
Free Radical Closing Down
Edge - December 18, 2008
Submitted by apujanata (14935) at 5:08AM PST on December 19, 2008
Free Radical, creator of Timesplitter, are closing down.
Co-founder Ellis was "visibly upset" when he talked to the staff. "[He] told staff how very sorry he was and they'd been doing all they could, working flat-out to either find a publisher or a buyer over the past six months, but no offers were made. There have been several visits to the States, but to no avail."
Reps from Codemasters and Monumental Games were at the hotel after the meeting asking for CVs and applications.
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1@apujanata,
A little update I found on 1Up (almost missed them) :
Speaking to 1UP, Cameron Gunn of administrators ReSolve Partners said, "We made around 140 employees redundant yesterday, effective 31 December (the date up to which they had been paid). We're still trading on with the remaining 40 or so employees, have advertised the business for sale and have received some strong interest." An anonymous Free Radical employee had previously said that the company was working on two secret projects which more than one publisher was said to be hoping to get their paws on.
Once bought, the company will obviously lose its status as one of the UK's 150 or so remaining independent developers. The number has fallen sharply in recent years, dwindling from approximately 400 in 2001.[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
1@apujanata,
so sorry about them. Timesplitters 3 made me look forward to 4 sooooooo much[ Oracle ] [ Level 20 ] [ Rank: 444 ]bids
1@apujanata,
Sadly I think Haze did for them as they couldn't seen to get Timesplitters 4 signed to a publisher, strange as it's a proven IP.
Final nail was LucasArts moving Battlefront to another dev.[ Oracle ] [ Level 21 ] [ Rank: 291 ]bids
1@apujanata,
I enjoyed timesplitter in Arcade, so I am sad. This news could be viewed as proof that NOT everyone in the video game industry are recession proof. It is also a pity that they were from Rare, and created Golden Eye 007 (one of the old game I planned to play, but haven't got around to it yet).[ Oracle ] [ Level 30 ] [ Rank: 14935 ]bids
12apujanata posted on Industry News at 5:08AM PST on December 19, 2008. Article: Free Radical Closing DownFree Radical, creator of Timesplitter, are closing down. Co-founder Ellis was "visibly upset" when he talked to the staff. "[He] told staff how very sorry he was and they'd been doing all they could, working flat-out to either find a publisher or a buyer over the past six months, but no offers were made. There have been several visits to the States, but to no avail." Reps from Codemasters and Monumental Games were at the hotel after the meeting asking for CVs and applications.[ Oracle ] [ Level 30 ] [ Rank: 14935 ]
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