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JoWooD Insolvent

Austrian videogame publisher JoWooD Entertainment AG announces their insolvency, saying they've applied for a procedure of capital reorganization at the Commercial Court Vienna (thanks The Patches Scrolls). Here's word:


Vienna, Austria, 7 January 2011; The management board of JoWooD Entertainment AG announces that all efforts towards restructuring of capitalization concerning outside capital as well as equity capital had to be considered as failed on 06/01/2011. On the basis of this fact, material insolvency occurred with this date.

Therefore today, JoWooD Entertainment AG applied for a procedure of capita lreorganization at the Commercial Court Vienna in accordance with Art. 167 IO/ Insolvency Statute.

Bond creditors of the 10% bond 2007-2011 (ISIN: AT0000A05TV0) are asked to report directly to the company (see queries reference) to be able to coordinate their rights.

The management board assumes that negotiations with creditors and possible investors can be positively conducted and finalized within 90 days and thus continuation of the company can be assured.

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11. Re: JoWooD Insolvent Jan 7, 2011, 18:47 Ludomancer
 
Yup. When I heard how bad the DRM was I didn't even bother, and just pirated it right out. So much easier.



StingingVelvet wrote on Jan 7, 2011, 17:53:
Pretty much.
I hopehopehope Arcania's DRM breaks the game now for everyone so that we can learn a lesson about activation DRM. Of course, no one bought Arcania anyway, so it might not matter.
 
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    Date Subject Author
  1. Jan 7, 17:00 Re: JoWooD Insolvent vermin
  2. Jan 7, 17:10 Re: JoWooD Insolvent Jivaro
  3. Jan 7, 17:20  Re: JoWooD Insolvent nin
  4. Jan 7, 17:25  Re: JoWooD Insolvent Kxmode
  5. Jan 7, 17:33   Re: JoWooD Insolvent Overon
  6. Jan 7, 17:37    Re: JoWooD Insolvent Sty
  22. Jan 7, 23:51    Re: JoWooD Insolvent eRe4s3r
  23. Jan 8, 00:12     Re: JoWooD Insolvent space captain
  24. Jan 8, 00:16      Re: JoWooD Insolvent eRe4s3r
  25. Jan 8, 00:23       Re: JoWooD Insolvent space captain
  26. Jan 8, 00:33        Re: JoWooD Insolvent eRe4s3r
  16. Jan 7, 20:21   Re: JoWooD Insolvent D_K_night
  7. Jan 7, 17:47 Re: JoWooD Insolvent Creston
  8. Jan 7, 17:53  Re: JoWooD Insolvent StingingVelvet
  9. Jan 7, 18:24   Re: JoWooD Insolvent badasscat
>> 11. Jan 7, 18:47   Re: JoWooD Insolvent Ludomancer
  12. Jan 7, 18:52    Re: JoWooD Insolvent Evil Timmy
  13. Jan 7, 19:38  Re: JoWooD Insolvent Elf Shot The Food
  14. Jan 7, 20:13   Re: JoWooD Insolvent Cutter
  15. Jan 7, 20:20    Re: JoWooD Insolvent Lorcin
  19. Jan 7, 20:45   Re: JoWooD Insolvent space captain
  27. Jan 8, 01:22   Re: JoWooD Insolvent Creston
  10. Jan 7, 18:46 Re: JoWooD Insolvent space captain
  17. Jan 7, 20:31  Re: JoWooD Insolvent Fantaz
  18. Jan 7, 20:32   Re: JoWooD Insolvent Prez
  20. Jan 7, 21:26    Re: JoWooD Insolvent Dirwulf
  21. Jan 7, 23:41 Re: JoWooD Insolvent Acleacius
  28. Jan 8, 04:49 Re: JoWooD Insolvent yuastnav
  30. Jan 8, 08:42  Re: JoWooD Insolvent space captain
  31. Jan 8, 08:42  Re: JoWooD Insolvent space captain
  32. Jan 10, 22:16   Re: JoWooD Insolvent UConnBBall
  29. Jan 8, 04:56 Re: JoWooD Insolvent ShakaUVM


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