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.