By Bryan Smith on August 1, 2016 at 10:17am
According to Kotaku, the developer for the 2016 video game tie-in "Ghostbusters," Fireforge, has filed for bankruptcy.
The amount of debt Fireforge owes is at least $12 million based on what the bankruptcy filings stated. However, the poorly-received game based on the divisive reboot of "Ghostbusters" isn't the complete reason why Fireforge is in financial distress. They had been working on MOBA-like games with two other publishers: one called "Zeus" for Razer and one called "Atlas" for Tencent. While not much is known of the Atlas project, the Zeus project had cost around $11.3 million, which Fireforge still owes to Tencent. That has led to a lawsuit with Tencent, which is on hold until the bankruptcy problems are taken care of.
There's also another lawsuit with Richard Land, who was involved with the infamous 38 Studios lawsuit, filed back in 2015 where Fireforge signed a deal with 38 Studios' social media platform Helios for $3.7 million. Apparently they reneged and hired ex-38 Studios employees.
Where all this puts Fireforge isn't known, but it certainly looks bleak for Fireforge's future. The company hasn't closed down yet.