Minimum Devs TimeGate Studios reportedly lets go of entire staff

By Michael Dunaway, News Editor Posted: May 9, 2013

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.

Block Battles: TimeGate Announces Minimum

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In this article: Minimum, Timegate.

About the Author

Michael Dunaway, News Editor

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

More Stories by Michael Dunaway

LordHikaru 12 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 12 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 12 years ago

lol

:( 12 years ago

damn son...

Bic Boi 12 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 12 years ago

I was really looking forward to this game :(

anip 12 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 12 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 12 years ago

And I wanted to try Minimum out! It looked cool.

Iphigenie 12 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 12 years ago

someone should get a kickstarter going!

Razer 12 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.

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Densle 12 years ago

Man, whats up with all these companies going into bankruptcy now-a-days?

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Hykova 12 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!

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Spammie 12 years ago

Is sad to see people losing their job ... :(