Minimum Devs TimeGate Studios reportedly lets go of entire staff

Michael Dunaway
By Michael Dunaway, News Editor May 9, 2013
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Timegate, the developers behind the upcoming blockman shooter Minimum hit some rocky waters last week when it was announced the company had filed for Bankruptcy. For those unfamiliar with Timegate, the developers previously crafted the Sci-Fi shooter Section 8 and co-developed the absolute train-wreck that was Aliens: Colonial Marines.

It was revealed the studio owed various creditors in amounts ranging from 10 to 50 million including a 7 million fraud lawsuit revolving around Timegate and Section 8's publisher Southpeak. Timegate also apparently owes a local pizzeria where the studio ran up a heinous tab of $34.80.

Today according to Kotaku, the studio was forced to lay off its entire staff. No doubt the closure had something to do with TimeGate's financial misfortunes, but there hasn't been any confirmation as to what dealt the final blow.

Obviously this doesn't bode well at all for the studio's upcoming Free-to-Play shooter Minimum which was suppose to be released this year, but now is most likely dead in the water.

Our sympathies go out to all those at TimeGate who lost their jobs.

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In this article: Minimum, Timegate.

About the Author

Michael Dunaway
Michael Dunaway, News Editor
Michael Dunaway has been part of the MMOBomb team for years and has covered practically every major Free-to-Play title since 2009.

Discussion (23)

LordHikaru 8 years ago
The $34.80 is what sent them over the deep end. Karma comes to bite you in the ass when you don't pay for your pizza.

RenTheRose 8 years ago
wow must be real idiots to rack up that mutch debt i mean $34.80 omg thats jest amazeing lol tho rilly i didnt think that company was lasting long.

ugurano 8 years ago
lol

:( 8 years ago
damn son...

Bic Boi 8 years ago
While it's sad to hear about people losing their jobs, there's got to be a joke in there somewhere..

Oh! I've got it!

I suppose doing the bare MINIMUM to get by wasn't enough! Ahahahah....ah......I'm sorry.

Hitmanfrost 8 years ago
I was really looking forward to this game :(

anip 8 years ago
there goes another hype-anticipated game...

o well, NEXT.... o, this game looks... o nvm, it's a piece of pizza, NEXT....

chefmadness 8 years ago
The owners were doing BLOW! XD. Well that's how most restaurants go out of business. Drugs & Alcohol usually dose the trick in most cases. Or money fraud. Hell they had the munchies & didn't pay for the pizza.XD. Dose that tell you something.

dagudman 8 years ago
And I wanted to try Minimum out! It looked cool.

Iphigenie 8 years ago
That's really sad to hear i loved section 8.
I wish the best of luck for all the people who lost their job.

Takerukun3 8 years ago
someone should get a kickstarter going!

Razer 8 years ago
Gearbox is the one that deserves to be put under the guillotine. Those bastards siphoned funds from TimeGate into the development of Borderlands and then used them as a scapegoat for the false advertising of Aliens: CM when they were the ones that were responsible for the promotion for the game.

View 1 reply
Densle 8 years ago
Man, whats up with all these companies going into bankruptcy now-a-days?

View 2 replies
Hykova 8 years ago
"Timegate also apparently owes a local pizzeria where the studio ran up a heinous tab of $34.80."

LOL

Come on guys. Someone needs to go to prison for this terrible crime!

View 1 reply
Spammie 8 years ago
Is sad to see people losing their job ... :(

from__hell 8 years ago
tsk tsk tsk


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