Wednesday , May 12 2021

Starburys begins the reconstruction process and remains without a director

According to the current model that prevails in video game business, many companies play their financial stability, and even their consistency bet on an important title. However, if the results are not as expected, this may have catastrophic consequences and this seems to be a scenario provided by Strabreeze, responsible for the implementation of the project Turn the dead walk over, which started with the reconstruction process.

Today, Starbreeze AB published a statement announcing that it had begun legal reconstruction in the county chancellor in Stockholm, Sweden, including all its divisions: Starbreeze Publishing, Starbreeze Production, Starbreeze Studios, Enterspace and Enterspace International. . According to the company, a decision was taken to deal with liquidity problems that are currently affecting it, which made the reconstruction necessary to find a solution in the long run. Also, the statement shows that the financial projections for the last quarter of fiscal 2018, 2019 and 2020 are without effect.

The information provided by the company shows that the low sales of Turn the dead walk over They have an impact on their finances and virtually change all their sales forecasts. Despite the fact that this is generally a bad news, Strabazze announced that there will be no changes in wages for his workers and his operations will remain as such. However, in the case of payment to suppliers, the opposite situation will occur and they will not be materialized if their contracts with Strabreeze are before the start of the reconstruction process.

Finally, Strabelise announced that Bo Anderson ceased to be his executive director and that, together with Christopher Arvin, he resigned from the company's board of directors, the only changes that have been made so far to the board of directors.

Stay informed, at LEVEL.


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