Telltale's Final Chapter

GameDaily.biz has word that the end is here for Telltale Games following indications the developer was in trouble that surfaced a couple of months ago. Word is the company's games are being removed from Steam, and that liquidation of the company's assets are underway. They also outline what's going on with laid-off staff and former contractors, saying this is leaving them without severance or insurance. They summarize how this is being handled and some of the questions it raises:
It appears that Telltale is assigning all of its assets, including physical goods, trademarks, copyrights, software, and source code. The agreement may be an abridged document, as it does not detail what Telltale has received in return for the assignment. No specific amounts have been detailed. A more complete agreement may exist out of the public view.

"You wouldn’t assign everything you own to someone else, unless you were getting something for it," Huffman says. Alternatively, the assignee, Telltale, LLC, might not be due any consideration.

"Telltale LLC is probably just a shell company that will hold the assets for purposes of selling them off. the liquidation company may even be the owner of that LLC," Huffman suggests. "It's also possible that the company will go bankrupt and that they're only remaining income for their creditors will be whatever the liquidation company pays them under any other arrangement they might have."

It also seems that some of Telltale's back catalog are being removed from Steam. Game of Thrones, The Walking Dead, and many others are still live. However Back to the Future, Jurassic Park, and Tales of Monkey Island are currently unavailable. Telltale struck a deal with Skybound, co-founded byThe Walking Dead co-creator Robert Kirkman, to finish the final season of the episodic series.

According to a letter dated November 11, 2018, that was sent to creditors and shareholders, anyone with a claim against Telltale's assets has until April 9, 2019 to submit proof. Additionally, the letter indicates that the assignment agreement began a month prior, on October 11, 2018. The 30-day period between these two events is standard per California Civil Code of Procedure 1802.
View : : :
12 Replies. 1 pages. Viewing page 1.
Newer [  1  ] Older
12.
 
Re: Telltale's Final Chapter
Nov 16, 2018, 06:12
12.
Re: Telltale's Final Chapter Nov 16, 2018, 06:12
Nov 16, 2018, 06:12
 
MattyC wrote on Nov 15, 2018, 16:17:
I just wanted a sequel to The Wolf Among Us
AMEN!
With a damaged Panzer still hunting 'The Haunted Tank' and Gus out of ammo, Jeb knew there was only one option, "Slim, RAM!"
Avatar 57335
11.
 
Re: Telltale's Final Chapter
Nov 16, 2018, 05:44
11.
Re: Telltale's Final Chapter Nov 16, 2018, 05:44
Nov 16, 2018, 05:44
 
Darks wrote on Nov 15, 2018, 14:02:
I know this is off topic, but here is a Sins of the Solar Empire Cd key for the first one that claims it.

0J9TC-3TJZ7-AV67E


This was already claimed when I tried -- just a heads up.

Either way, thanks Darks.
Avatar 56178
10.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 16:50
10.
Re: Telltale's Final Chapter Nov 15, 2018, 16:50
Nov 15, 2018, 16:50
 
MattyC wrote on Nov 15, 2018, 16:17:
I just wanted a sequel to The Wolf Among Us

Don't despair. The series is based on DC's Fables by Bill Willingham. Warner Brothers ultimately owns the property and could re-license it to another studio.
The most exercise some people get is jumping to conclusions.
Avatar 18786
9.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 16:17
9.
Re: Telltale's Final Chapter Nov 15, 2018, 16:17
Nov 15, 2018, 16:17
 
I just wanted a sequel to The Wolf Among Us
”Not many people know I owned the first radio in Springfield. Weren’t much on the air then. Just Edison reciting the alphabet over and over. “A,” he’d say. Then “B.” “C” would usually follow."
8.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 16:12
Beamer
 
8.
Re: Telltale's Final Chapter Nov 15, 2018, 16:12
Nov 15, 2018, 16:12
 Beamer
 
They were also heavily into licensing. Depending on the agreement (which would be either a % of sales, an up-front fee, or both), they were probably in for 5%-20% of revenue. Given that some of these titles clearly underperformed, that budgeted 5%-20% was probably more like 15%-40%. Combine that with the 30% the online stores were taking, and they're left with a much smaller percentage of revenue than they may have anticipated.

As others mentioned, though, I'm not convinced they could home-grow IP. People were interested in the stories of familiar locales and characters. Even still, The Walking Dead was diminishing returns (so is the TV show, though, with ratings substantially down), and neither Batman nor Game of Thrones, two huge licenses, seemed to sell well.
7.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 16:04
7.
Re: Telltale's Final Chapter Nov 15, 2018, 16:04
Nov 15, 2018, 16:04
 
Quboid wrote on Nov 15, 2018, 15:17:
Tipsy McStagger wrote on Nov 15, 2018, 12:05:
Didn't these games sell well? What happened tot his company?

It looks like they expanded too quickly, making as many games as they could as quickly as they could. They didn't do much with their engine or story telling techniques, so the formula got old.

Shame they screwed over their employees, both while the company lived and as it died.

Yeah, there was a time a couple of years ago where they announced four games in one month and I expressed concern here that they were biting off more than they could chew. Sorry to have been correct.
RIP RedEye9. We miss you.
Avatar 22024
6.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 15:17
Quboid
 
6.
Re: Telltale's Final Chapter Nov 15, 2018, 15:17
Nov 15, 2018, 15:17
 Quboid
 
Tipsy McStagger wrote on Nov 15, 2018, 12:05:
Didn't these games sell well? What happened tot his company?

It looks like they expanded too quickly, making as many games as they could as quickly as they could. They didn't do much with their engine or story telling techniques, so the formula got old.

Shame they screwed over their employees, both while the company lived and as it died.
Avatar 10439
5.
 
2. Re: Telltale's Final Chapter
Nov 15, 2018, 15:13
5.
2. Re: Telltale's Final Chapter Nov 15, 2018, 15:13
Nov 15, 2018, 15:13
 
Creston wrote on Nov 15, 2018, 12:08:
They sold "well" relatively speaking, but they made no profit, basically. Apparently only the Walking Dead series made them money. And they had insane amounts of staff to churn out their huge amount of games, so had a huge burn rate.

Just pisspoor management, basically.

Valve made money though. valve-100% of the time you win company- gaben happy
4.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 14:02
4.
Re: Telltale's Final Chapter Nov 15, 2018, 14:02
Nov 15, 2018, 14:02
 
I know this is off topic, but here is a Sins of the Solar Empire Cd key for the first one that claims it.

0J9TC-3TJZ7-AV67E

Author of the Neverwinter Nights Eye of the Beholder Series of Mods.
Now integrated into Steams NWN: Enhanced Edition

http://www.moddb.com/mods/eye-of-the-beholder-ii-ledgend-of-darkmoon
Avatar 20498
3.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 12:43
3.
Re: Telltale's Final Chapter Nov 15, 2018, 12:43
Nov 15, 2018, 12:43
 
Where can i get hold of the rest of the Walking Dead seasons except the final one?
2.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 12:08
2.
Re: Telltale's Final Chapter Nov 15, 2018, 12:08
Nov 15, 2018, 12:08
 
They sold "well" relatively speaking, but they made no profit, basically. Apparently only the Walking Dead series made them money. And they had insane amounts of staff to churn out their huge amount of games, so had a huge burn rate.

Just pisspoor management, basically.
Avatar 15604
1.
 
Re: Telltale's Final Chapter
Nov 15, 2018, 12:05
1.
Re: Telltale's Final Chapter Nov 15, 2018, 12:05
Nov 15, 2018, 12:05
 
Didn't these games sell well? What happened tot his company?
Avatar 57660
12 Replies. 1 pages. Viewing page 1.
Newer [  1  ] Older