Two Worlds Publisher Ends Legal Battles
After some nasty lawsuits and some really ugly press, SouthPeak Games has announced a settlement with CDV.
SouthPeak Games hasn't had much good press lately. Instead, the company's behavior has painted it as a corporate bully that's unwilling to take responsibility and actually pay people the money it owes them. However, it seems that the publisher is looking to put an end to these stories, as it's just announced that it's battle with (currently bankrupt) publisher CDV over unpaid royalties is now over, with everyone getting paid what's owed to them.
According to GamesIndustry.biz, details of this resolution aren't being provided to the public, but Southpeak is stating that it's "been alleviated of all alleged financial obligation to CDV."
The two companies have been engaged in a bitter legal battle, one that resulted in a U.K. court judgment against SouthPeak, stating that it owed CDV $3.4 million. SouthPeak didn't make any visible effort to pay off this amount of money, which apparently resulted in CDV having to declare bankruptcy and wound up having 40,000 copies of SouthPeak games seized by bailiffs and auctioned off for £50,000.
According to Southpeak's CEO Melanie Mroz, "This resolution, and the closure of the case by the courts, puts an end to the misleading and inaccurate information circulating in the public regarding these matters, and allows us to re-direct attention toward driving the continued growth of the Company."
Mroz claims that, although "CDV in particular marked a substantial drain on our resources" and has posted a $5.8 million loss for 2010, the rest of the calendar year and 2011 will be much better for SouthPeak. Exactly what "misleading and inaccurate information" has been spread around wasn't specified, though I'd personally be very interested to hear what these stories were.
31 December 1969 11:30 pm
Is someone making an elaborate joke? This is the date above the news post.
Not sure what's going on with that. Seems like a hiccup.
That date is some sort of server default if I remember correctly, it crops up sometimes instead of the actual date of the post.
It says the 1st of January 1970 on my end.
On topic, maybe they can now actually put any remaining cash that they *do* have into even more polish for Two Worlds II
All the old articles have similar dates.
So. Two Worlds 2 going to get released yet?
I didn't know they had the internet in 1970.
OT: Now it's time for them to focus on Two Worlds II. Fingers crossed that it's decent.