JoWooD Liberation Outline Breaks Down, Closure Appears Imminent

A confidante inform on Boerse-Express adds that shares of the firm have been dangling from trade and that the JoWooD Distribution Services auxiliary has moreover filed for bankruptcy. It's as nonetheless different what will come about to DreamCatcher, JoWooD's Toronto-based auxiliary in assign of North American edition operations.

In early January, JoWooD filed for failure and voiced skeleton to search for funds reorganization. "The administration house assumes that bargaining with creditors and probable investors may be in a positive way conducted and finalized inside of 90 days," the firm mentioned at the time, "and thus delay of the firm may be assured."

JoWooD was founded in 1995. The firm is most appropriate well known for edition the Gothic series, in add-on to the Painkiller and Spellforce games. JoWooD moreover published Torchlight in European territories. According to Boerse-Express, the firm employs about 85 staff. In the initial 9 months of the stream mercantile year, JoWooD reported a net loss of 25 million (about $36 million).

[Pictured: Painkiller: Redemption (2011)]