Monumental Games to be dissolved
Thursday, 16th February 2012 at 4:00 pm
IP, office supplies and Prime Engine up for sale; 'Several' parties interested
There is no incentive to continue UK independent Monumental Games as a going concern, the company’s administrator has told Develop.
Various IP, office supplies and the Prime Engine are up for sale with "several parties interested in buying", according to a spokesperson for corporate recovery firm RSM Tenon.
The Moto GP studio will be dissolved by the end of the year, the administrator added.
Last month Monumental Games ceased normal business operations following 24 challenging months of staff reductions, cancelled projects and closed studios.
Develop understands that the studio's remaining workforce, of about twenty-five staff, were made redundant weeks ago.
Monumental’s last line of business was its MMO game development engine, called Prime. The company had become relatively quiet on license deals.
In 2010, Monumental was believed to have lost its bid to develop the Transformers MMO, resulting in job losses.
Weeks later the company fought off claims that it had entered administration.
In January last year the studio underwent a CEO switch, with co-founder Rik Alexander handing the duties to Nick Wheelwright.
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