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Return to: Rugby League Live 2 Dicussions
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#Post#: 417--------------------------------------------------
Big Ant Studios enters liquidation
By: benz1980i Date: December 19, 2012, 5:25 am
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http://au.gamespot.com/news/big-ant-studios-enters-liquidation-6401724
Rugby League Live 2 developer reportedly suffering over $6.7
million in debt; CEO Ross Symons says all staff are "securely
employed."
Melbourne-based game development studio Big Ant (Rugby League
Live, Rugby League Live 2) has entered administration, with S &
Z Insolvency appointed as liquidators.
According to a Australian Securities Exchange Index filing, the
studio filed for voluntary liquidation on November 28, 2012. A
meeting of creditors will be held on December 21 to decide on
the future of the studio.
Kotaku Australia reported that Big Ant is declaring debts of
over $6.7 million, including a $4.2 million debt that is
reportedly owed to the studio that could not be recouped.
Despite the news, Big Ant CEO Ross Symons told GameSpot AU that
all the studio's staff are secure, and that the liquidation is
part of an internal restructure.
"There has been a restructure of a business that was not
profitable. The vast majority of the debts are to the
shareholders of the company, including myself,� Symons said via
email.
"All staff are securely employed and we continue to make games."
Big Ant specialises in sports, and racing games for consoles and
PC, and recently released Rugby League Live 2. The studio's
previous titles include Rugby League Live and AFL Live Game of
the Year Edition.
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