2010
08.18
08.18
Pioneering Dundee-based computer games company Realtime Worlds has gone into administration putting hundreds of jobs at risk. The company, founded by the creator of Lemmings and Grand Theft Auto, is based at a former jute mill in the city.
It employs about 250 people and was seen as one of the biggest players in the UK computer games market.
Its newest title, online role-playing game APB, launched a few weeks ago but has experienced “lacklustre” demand.
Joint administrators have been appointed and a consultation process on the future of the firm is under way.
The announcement came in the wake of the UK government’s decision to cancel a tax break for the gaming industry, as part of its budget focus on tax increases and spending cuts.
APB was five years in development but is thought to have failed to attract sufficient numbers of subscribers following mediocre reviews.
Realtime Worlds made 60 staff redundant last week.
** Update **
Very interesting article on the state of the company.
Source: BBC
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