Quantcast
dtp files for insolvency, may affect Awesomenauts release - Destructoid

DestructoidJapanatorTomopopFlixist



dtp files for insolvency, may affect Awesomenauts release


8:30 AM on 04.30.2012
dtp files for insolvency, may affect Awesomenauts release photo



German publisher dtp entertainment AG, best known and outside of Germany for publishing Venetica, The Cursed Crusade, and Ronimo Games' upcoming Awesomenauts, has filed for insolvency, IGN reports. This comes as especially troubling news for Awesomenauts, which was ready to be released this week on PlayStation Network and Xbox Live Arcade.

There are many factors involved with insolvency and publisher deals in this particular case, and Ronimo preferred not to comment on the drastic development until they have sorted out things on their end. An official statement on the matter can be expected in due time.

The situation is rather complex, but recent changes to German insolvency law may result in a form of debt-restructuring rather than the termination of the troubled publisher.

On March 1 of this year, changes to the German Insolvency Stature have gone into effect to make it easier for companies that become insolvent due to the economic downturn to survive debt-restructuring. Under the adjusted stature, creditors can exchange their claims for greater participation in the company through a decrease/increase capital deal, or a share-deal. Since dtp is an AG (a publicly-held company), a share-deal may not be off the table, although that will likely depend on dtp's shareholders and share value.

A search for dtp on the German website for insolvency announcements leads to the official announcement, attached in the gallery below in German and English Google Translate format. Of note is the authority of the provisional insolvency administrator to collect not just existing assets, but also incoming funds.

The process of insolvency in Germany also follows multiple stages, and I'm not going to pretend I understand most of what is involved in this process. It seems that dtp can survive the process through debt-restructuring, but it might take a while before the matter is settled. In the meantime, it's also unknown what kind of publishing deal Ronimo has with dtp entertainment (IP ownership, contractual bindings, etc.), which means that those who were looking forward to playing Awesomenauts this week will have to wait and see what happens.

Should the Dutch downloadable 2D MOBA title see the light of day under the dtp banner after a short delay, if the publisher survives the ordeal, it looks like at least it won't have much competition during the largely barren months of June and July. Who needs a Summer vacation, anyway?

Awesomenauts Publisher Files for Insolvency [IGN] [Image]

dtp files for insolvency, may affect Awesomenauts release photo





Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.







Win your choice of console from Destructoid! in Destructoid's Hangs on LockerDome

Europe

11:45 PM on 07.14.2014
Akiba's Trip: Undead & Undressed coming to Europe

Akiba's Trip: Undead & Undressed is confirmed for Europe, NIS America announced today. The PlayStation 3 and Vita game will launch in the region on October 10. Set in Tokyo's famous electronics district, Akihabara, t...more



5:00 PM on 07.10.2014
You don't have to buy Destiny to get a white PS4

I like the white PS4. I don't fancy myself spending $50 on Destiny ($450 for the bundle). Thankfully, Sony's Shuhei Yoshida told French site GameOne that the white PS4 will be sold on its own (in Europe) before the ...more



5:30 PM on 07.08.2014
Save a bit on Driveclub with this PS4 bundle

If you are European and absolutely sure you want Driveclub at launch and a PS4, then Sony is happy you exist. Here's the bundle. It's just a PS4 (with controller) and a copy of Driveclub for €439.99, which...more



View all Europe






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more