Acid Snow
10-02-2002, 11:12 AM
Source: GameSpot: Westka Interactive closes its doors.
:confused:
Westka Interactive closes its doors
:confused:
The German game developer Westka Interactive GmbH will cease its business operations today, October 1st 2002.
:confused:
Westka was founded in 1993. Westka had to file for insolvency at July 31, 2002 after the necessary funding for the companies biggest project "The Y-Project" could not be ensured although an LoI for the project with one of the leading worldwide publishers had been signed.
:confused:
Despite several measures to restructure the company, an additional agreement with another publisher and a very positive feedback from the international press on the versions of the "The Y-Project" and "Race Tracks Unlimited" shown at the the Games Convention and the ECTS, the sustainable funding of the company couldn?t be ensured.
:confused:
All remaining 44 employees had been laid off at September 30, 2002. Since September 2000 BRAINPOOL TV AG, one of the leading German TV producing companies, owned a 60 % majority equity stake in Westka.
:confused:
//This would have been a GREAT GAME! Running on the UT2K3 engine, it would have been on the XBox also, M$ should have bought them out, and saved the game, to make it an XBox Exclusive!
:confused:
Westka Interactive closes its doors
:confused:
The German game developer Westka Interactive GmbH will cease its business operations today, October 1st 2002.
:confused:
Westka was founded in 1993. Westka had to file for insolvency at July 31, 2002 after the necessary funding for the companies biggest project "The Y-Project" could not be ensured although an LoI for the project with one of the leading worldwide publishers had been signed.
:confused:
Despite several measures to restructure the company, an additional agreement with another publisher and a very positive feedback from the international press on the versions of the "The Y-Project" and "Race Tracks Unlimited" shown at the the Games Convention and the ECTS, the sustainable funding of the company couldn?t be ensured.
:confused:
All remaining 44 employees had been laid off at September 30, 2002. Since September 2000 BRAINPOOL TV AG, one of the leading German TV producing companies, owned a 60 % majority equity stake in Westka.
:confused:
//This would have been a GREAT GAME! Running on the UT2K3 engine, it would have been on the XBox also, M$ should have bought them out, and saved the game, to make it an XBox Exclusive!