Post Comment - Blue's News

Elixir Folds

[Apr 28, 2005, 11:52 am ET] - Share - Viewing Comments

This Elixir Press Release (thanks Frans) announces that the U.K.-based developer behind Evil Genius is ceasing day-to-day operations effective immediately, "and will seek the orderly sale and re-use of all its remaining assets and IP." Here's more:

Following the successful release of Evil Genius in October 2004, the Company has been working on a very innovative game for a major US software and games publisher for the past couple of years. This project was recently cancelled due to the perceived high-risk profile of the endeavour. Elixir also has a number of promising original prototypes at various stages of development but the Board of Directors feel that the current risk averse publishing climate, in the run up to the launch of next generation platforms, virtually precludes the signing of any original IP (which is not already part of a well-established franchise or license), without an unreasonably large strategic investment in the project by the developer themselves.

In light of the above, and the current financial and market conditions, the Directors have taken the decision to use a part of the cash resources held by the Company to treat its employees in a professional manner by paying redundancy packages to everyone and to allow an orderly wind-down of operations.

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

20.

Elixir Folds

Apr 29, 2005, 09:19

XEON

Not even saved by their 'Infinite Polygon Engine' ... I almost bust a gut when I read that in Edge (when they were talking about Republic: The Revolution)

===
My heroes are Chorlton and The Wheelies, Superman, Captain Caveman and A Town Called Malice.




=== B: Pinky, are you pondering what I'm pondering? P: I think so, Brain, but where are we going to find a duck and a hose at this hour?

Subject

Comment Enter your comment here, but please respect the forum rules (below).

;) :( :o %) :) :| ;P X| :D More

If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.

Email me when this topic is updated.

Special Codes

b[bold text]b
i[italic text]i
u[underline text]u
-[~~strikethrough text~~]-
c[code text]c
+[bullet point]+
q[quote text (indented)]q
[quote="Author"]quote text (indented)[/quote]
[url=Link]text[/url]
r{red text}r
g{green text}g
b{blue text}b
m{maroon text}m
s{secret text (shows in the background colour)}s

Forum Rules

Disagree all you want but attacks of a personal nature will not be tolerated.
Ethnic slurs and homophobic language will not be tolerated.
Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.