Vultures Circle Team Bondi Studio
Expect not for whom the bell tolls, it tolls for Team Bondi.
Team Bondi has had a rough couple of months. Despite releasing the well-received L.A. Noire, the Sydney-based studio has endured everything from investigations of employee mistreatment to possibly selling their entire company. Straightaway, the troupe has entered into administration, placing information technology one small gradation by from total bankruptcy.
In legal terms, a company that is "in organization" has essentially relinquished assure of its assets to a court or a tourist court-appointive third party. In this case, the Australian method of accounting firm deVries Tayeh has appointed administrators to oversee Bondi's resources. Companies that inscribe administration are usually on the threshold of business insolvency.
Being placed in organization – or even declaring failure – by itself is not sufficiency to doom some companies, but the prospects for Squad Bondi look bleak. Accordant to Australian fiscal site SmartCompany, Bondi's offices have "touched" without any furtherance address, and there were no PR representatives to answer their inquiries. KMM Studios, Bondi's alleged next embrasure of call, had no more comment along whether the developer had actually sold them intellectual property and assets.
Betwixt poor working conditions, lack of realisation for developers, and publisher Rockstar never lacking to work with Squad Bondi again, the studio is probably shortly for this world. The future of the L.A. Noire IP is still upwards in everyone's thoughts.
Root: SmartCompany
https://www.escapistmagazine.com/vultures-circle-team-bondi-studio/
Source: https://www.escapistmagazine.com/vultures-circle-team-bondi-studio/
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