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Stargate Worlds: Cheyenne Mountain Entertainment Files for Bankruptcy
MikeB
Community ManagerAdministrator RarePosts: 6,555
Cheyenne Mountain Entertainment, the folks behind the oft-troubled Stargate Worlds, as well as the recently released shooter Stargate Resistance, have filed for Chapter 11 bankruptcy. This information has been confirmed through the Clerk of Superior Court's Office of Maricopa County, Arizona.
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The case was filed on February 12th. You can view the minute entry here.
[Thanks petersand for the tip!]
Comments
Woah, woah, woah. Does this mean that the Stargate Resistance servers are coming offline? Why the hell did they release it if they filed for bankruptcy 3 days beforehand?!
AND WHAT'S GOING TO HAPPEN TO STARGATE WORLDS?!?!
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What the hell? Why didn't someone buy them out? Come on, the game actually looked kinda good. I had completely forgot about it.
I think i remember another post about this the other day. I'd imagine SGW is dead in the water, it was already looking that way before this anyway, unless someone else picks it up. It's anyones guess what's going to happen to the Resistance servers although i wouldn't have touched it with a barge pole anyway as it really looks and sounds sub par.
There were rumours floating around before that resistance was just thrown together as a way to get some money coming in for the MMO development. God knows what happening with it all.
I saw this coming a thousand miles away. Now this doesn't mean the game won't get made, but it is highly unlikely that it will now. Although some big company like EA could swoop in and buy them or another company (ie Cryptic) could work it on and build into a decent game (just like STO).
I don't see how this is an issue. Plenty of devs have done this before, although maybe not on MMOs.
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Cryptic did their thing with STO. If it had more content, it would be an awesome game.
However, what Cryptic did with STO worked because the mesh of Star Trek on Cryptic stylings seemed to work.
I don't see that happening with Stargate.
Imho, STO matches the level of action in Star Trek nicely without having all the parts of the show that gamers don't want translating badly.
To match the level of action Stargate needs, it would need to be pretty actiony. Nuff said. Cryptic won't do that for the game.
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I don't see how this is an issue. Plenty of devs have done this before, although maybe not on MMOs.
It wasn't an issue and understandable if they were strapped, but then followed by the bankruptcy filing it all gets messy.
I imagine there were already plans to file long before Resistance was released but it was the last hope to stave it off, i can only guess that pre-orders indicated that it would fail/not be enough.
I don't see how this is an issue. Plenty of devs have done this before, although maybe not on MMOs.
It wasn't an issue and understandable if they were strapped, but then followed by the bankruptcy filing it all gets messy.
I imagine there were already plans to file long before Resistance was released but it was the last hope to stave it off, i can only guess that pre-orders indicated that it would fail/not be enough.
Ah
I have to wonder though. If SGR doesn't go offline and it does start making money, where does the money go? What happens then?
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Guess i will post this again...
Chapter 11 is typically used to reorganize a business, it does not mean that they are going under at all....they may still go under if SGR doesnt do well, but right now its a protection from debts ...the stockholders only have to worry about the value going down.
IF they can pull out of Chapter 11, then SGW will be a go....maybe.
General Motors just did the same thing recently, and now after some reorganization are making money and back on track.
What a sham of a company, thats about all I will say on it.
Cryptic did their thing with STO. If it had more content, it would be an awesome game.
However, what Cryptic did with STO worked because the mesh of Star Trek on Cryptic stylings seemed to work.
I don't see that happening with Stargate.
Imho, STO matches the level of action in Star Trek nicely without having all the parts of the show that gamers don't want translating badly.
To match the level of action Stargate needs, it would need to be pretty actiony. Nuff said. Cryptic won't do that for the game.
It's a running joke in some circles that SG just mimics ST.
Sg1 to TNG - flagship team doing the cool stuff, the team everyone references back to
Atlantis to DS9 - a single alien base that all the series content revolves around
SGU to Voyager - lost in space trying to find a way home
and visa vie SGW to STO
As far as it goes I don't actually seeing Cryptic doing that. And STO is actually really good for a launch, I know there will be a lot of content whiners in the beginning, but I see it being huge after xpack 3. No MMO has a whole lot of content in the beginning. But I could see maybe NCSoft, SOE, or EA picking up the title and rebuilding the game.
I already read it.
It's not so much that SGW was a scam...it was just that they literally had no resources to do anything else after they ran dry.
Also, Punknaught, thanks for clarifying!
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I enjoyed SG much more for some reason. I also don't see it as a ripoff. Maybe at best, an adaption, but even then, it's a very slim definition, most likely from the Trekkies.
Don't get me wrong, I've grown up on both up until this point and I will always have a special place in my heart for both of them, just SG reached me a bit more somehow. It was less about with the individual crew and more about the overarching scheme of things.
That being said, currently, I am an STO player and I'm enjoying it in reasonable bursts. =]
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I enjoyed SG much more for some reason. I also don't see it as a ripoff. Maybe at best, an adaption, but even then, it's a very slim definition, most likely from the Trekkies.
Don't get me wrong, I've grown up on both up until this point and I will always have a special place in my heart for both of them, just SG reached me a bit more somehow. It was less about with the individual crew and more about the overarching scheme of things.
That being said, currently, I am an STO player and I'm enjoying it in reasonable bursts. =]
Didn't say rip off, mimics. And yea I prefer SG over ST also, I just find the parallels humorous.
It's a trick! They have gone through the Stargate to a world where they are making money, and left their creditors here in this one.
EQ1, EQ2, SWG, SWTOR, GW, GW2 CoH, CoV, FFXI, WoW, CO, War,TSW and a slew of free trials and beta tests
Looks like a job for SOE! Where are you super douche?
Maybe the feds should bail them out too?
We're sorry, gaming isn't in either the health care or education reforms. =P
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Another one bites the dust... maybe. The success rate for gaming companies appears to be abysmal.
Anyone know why that is? You would think with a solid name like Star Gate, even a half-way decent game developer could make things work and turn a tidy profit.
Is it truly that much harder to for game development companies to succeed compared to other types of businesses? Or do they just have people leading these companies who don't have the skills to run a business in the first place?
I love SG-1 the TV show and was kind of looking forward to at least trying SGW. Maybe some miracle will occur and it will eventually make it to release.
Oh well...
Playing WoT now.
Favorite All-Time Games: Ultima Online, Star Wars Galaxies, Lord of the Rings Online
The guy that used to be in charge of CME, Firespray, and half a dozen other shell companies, a Gary Whiting, just used the SG name to scam investors into coughing up some cash. After that, he shifted and washed that cash by issuing securities from one company to another, making a very large part of it disappear, while not paying the bills for whatever development work was being done on SGW.
Probably to pay for the rumored seven "wives" he has.
People call Cryptic a bunch of scammers for what they did to STO and the ST IP, but this guy was a real, no kidding, embezzler and ponzi schemer.
SGW and CME are both toast.
Well I hope, somehow, that this title makes it. It's a great MMO concept with unlimited potential for content.
To complicate things further, the licences holder MGM is suffering from losses this past year related to poor box offices receites and Ponzi scheme investments. Theres no chance of CME going back to MGM for help. SGW is just going to be on hold until something can change or improve. SGU does'nt look like a positive direction for the franchise. I figure they are re-evaluating the shows formula for better appeal.
It was bound to happen sooner or later, however since they just took all these orders for sgr, and got all that money before hand I got a feeling there is going to be a counter suit claiming fraud.
This is not going to be over any time soon, it still has to go to court, and if a judge finds that fraud was intended he will denigh it. So manybe the creditors will be able to persume them.
Just becuase you file for bankruptcy does not make it automatic.
I always hate to see a MMO developer go under. Maybe another company will snatch up SGW..?
Looks like we don't get a stargate worlds game. That really sucks.