Bankruptcy
After having published Call of Cthulhu: Dark Corners of the Earth, Headfirst had problems with publisher Bethesda Softworks regarding finances. Some time after that about half of the company left, so the second project's team (Call of Cthulhu: Destiny's End), along with some people from the CoC:DCotE production team, stayed on board trying to keep working on the project, porting it to the next-gen consoles, while the directors were trying to secure a publishing deal for the game. After several months of struggle the company went into administration.
After that most unfortunate event, majority of staff have left to other West Midlands game companies, namely Codemasters, Eurocom and Sega Racing Studio. In February 2006, Headfirst Productions went into administration in an effort to pay off outstanding debts owed because of production costs associated with the many years of Cthulhu development, and other unsigned projects. Assets were liquidated, employees were laid off, and the company was dissolved less than a month later.
Read more about this topic: Headfirst Productions
Famous quotes containing the word bankruptcy:
“You must get your living by loving. But as it is said of the merchants that ninety-seven in a hundred fail, so the life of men generally, tried by this standard, is a failure, and bankruptcy may be surely prophesied.”
—Henry David Thoreau (1817–1862)
“Disappointment is a sort of bankruptcy—the bankruptcy of a soul that expends too much in hope and expectation.”
—Eric Hoffer (1902–1983)
“A woman’s whole life is a history of the affections. The heart is her world: it is there her ambition strives for empire; it is there her avarice seeks for hidden treasures. She sends forth her sympathies on adventure; she embarks her whole soul on the traffic of affection; and if shipwrecked, her case is hopeless—for it is a bankruptcy of the heart.”
—Washington Irving (1783–1859)