Telltale Games lastly closed as a result of the corporate was unable to safe a last and essential spherical of financing.
Telltale Games’ layoffs and impending closure was probably the most shocking gaming information merchandise this month, particularly with several new projects in the works. Inside the developer nonetheless, the scenario was far much less steady. Sales alone weren’t sufficient to maintain the corporate, and it appears the ultimate straw was the lack of a monetary backer – probably Lionsgate.
While speaking to Variety (thanks GamesIndustry.biz), studio co-founder Dan Conners defined the suddenness of the closure might be defined by this key backer stepping away. “The company was working diligently to close a round of financing,” Conners mentioned. “Unfortunately, when the last potential financial backer abruptly pulled out, we were left in a position where we had no choice but to stop production. Sadly, everyone was so focused on doing what was required to keep the company going that when the last potential partner backed out, there were no other options.”
Conners couldn’t verify who this backer was, however a number of sources informed Variety it was possible Lionsgate. The film manufacturing firm invested $40 million in Telltale again in 2015 for a “super show” project, however Lionsgate has seemingly deserted the idea.
Between the lack of financing and lowered gross sales on latest games, it more and more looks as if Telltale was in a troublesome place for a while. Following its closure, Telltale has been in talks with numerous companions to maintain the lights on lengthy sufficient to finish The Walking Dead: The Final Season.
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