Republik
Games Hits Funding Snag; Company to Suspend Production on Spend the Night Game
announces that Republic Games is suspending development of Spend the Night due
to a failure to inspire a third round of funding for the "erotically-charged
game" in spite of their best efforts:
"The past few weeks have been a
rollercoaster for the company" said CEO, Robert Coshland. "We had a single day
record of 1.8 million hits on our website, we're being included in a documentary
on the future of video games, and we have over 100 people join our mailing list
everyday. Unfortunately game development is expensive and attention doesn't
translate into operational funds. " Coshland indicated that 12 people were
affected by the shut down. "Republik Games intends to focus on raising new
capital. It's not just an incredible product-it's a solid business proposition
and we have the research, the materials, and the numbers to back it up."