Fairytale Fights publisher in trouble

By Wesley Yin-Poole Published 27 July, 2010

Playlogic "facing tough times".

Fairytale Fights publisher Playlogic has denied it's going bankrupt despite suffering huge losses.

The Dutch company made a net loss of $2.2 million for the period January to March 2010, GamesIndustry.biz reports.

It's even defaulting on weekly loan repayments of €25,000. Doesn't sound good, does it?

Fairytale Fights is a PC, PlayStation 3 and Xbox 360 hack and slash that was released in October last year.

Eurogamer gave it 4/10.

Speaking to GamesIndustry.biz, Playlogic's Rick van Beem denied the company was going bankrupt, but admitted it was "facing tough times".

It reckons one of its main customers, distributor Koch Media, has not paid up since December 2009. Playlogic is taking legal action for unpaid bills totalling €1.7 million.

"If the Company does not obtain any necessary financing in the next month, we may need to cease operations," Playlogic said in June.

Picture of Wesley.

About Wesley Yin-Poole

Wesley is Eurogamer's news editor. He likes news, interviews, and more news. He also likes Street Fighter more than anyone can get him to shut up about it.

Read more articles from Wesley by visiting the Wesley Yin-Poole archive page.

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Comments (9) Latest comment 2 years ago

Comments threads automatically close after 30 days, but please feel free to continue chatting on the forum!

  • menage #1 2 years ago

    Mmm, sad to see a Dutch dev this way, but then again I haven´t seen much else beside that one title which frankly wasn´t very good.

    They should have dropped it on Live or PSN, looked like such a game anyway.
    Edited by 3 at 27/07/10 @ 17:40

  • metalangel #2 2 years ago

    Company that made bad game nobody had even heard of in struggling non-shocker.

    Peter Molyneux was unavailable for comment. A spokesman said he was "creating".

  • Chazmeister #3 2 years ago

    Yep it's always sad to see companies struggle, but all the more reason to make sure you develop a game that's going to hit the mark. As with that recent teddy bear game, Fairy Tale Fights just seemed such a crap concept to begin with.

  • Acrid #4 2 years ago

    Fairytale Fights was shit, the concept could have been executed far better.

  • spiritsnake #5 2 years ago

    thats sad news,i always feel it when any games company is about to shut its doors.

  • Mystery_Penguin #6 2 years ago

    Didn't think Fairytale Fights was that bad. I had fun with it, especially the multiplayer part. But ideally it should've been a Live or PSN game.

  • dealchrist #7 2 years ago

    I think fairytale fights is good. I feel sad when I read this news.
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  • Raznilof #8 2 years ago

    @above, They also worked on the the eyetoy pet series, among many other things.

    Some pessimists here always and so "easily" dismiss such news time and again. And forget that it involves well over two hundred "real" people (not counting any subcontractors) loosing their job.

    For my part, I wish them all the best of luck and strength and hope they can find employment somewhere soon.

    Edits: typo's :: typos
    Edited by 6 at 27/07/10 @ 20:53

  • Gromit #9 2 years ago

    "As with that recent teddy bear game, Fairy Tale Fights just seemed such a crap concept to begin with. "

    Naughty Bear was a game that seemed to get a lot of people across the 'net very excited. It really looked good, but when no reviews had surfaced by the time it was released, the writing was on the wall.

    The fact that so many people bought it on the premise alone suggests that if it was well done, it could have been a great game. Shame it didn't live up to it's promise.