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Sad News in Gaming as Another Popular Developer Shuts Down

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Cing, the developer of popular titles like Little King’s Story, Trace Memory, Monster Rancher, and Hotel Dusk, has sadly filed for bankruptcy due to what has been described as "insurmountable debts that the company will never be able to pay". Needless to say it's sad to start the week with this news.

Sad GamerThe tiny Japanese developer only had around 30 staff, but managed to produce a number of memorable games on Nintendo’s platforms. Its debts were relatively small, standing at just $2.9 million, but clearly that was too much for such a small company to handle, and now it looks as though it will be forced to close.

The bankruptcy filing puts in doubt the release of Cing’s latest Hotel Dusk game on Nintendo DS. So far it has seen a release in its home territory of Japan under the title of Last Window, but whether a Western release now happens is unknown and may largely be in the hands of Nintendo.

[Tips by GameIndustry.biz]

 

Comments  

 
+3 #1 RE: Sad News in Gaming as Another Popular Developer Shuts DownBeth Kasperski 2010-03-08 11:46
I never heard of those games, but it's always sad to hear about people losing their jobs.
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-3 #2 RE: Sad News in Gaming as Another Popular Developer Shuts DownShnazzyone 2010-03-08 12:24
You are aware that bankruptcy does not mean they are closing right? It means they are trying to remain open in fact. It's a legal maneuver to settle debts so they don't have to close.

just saying.
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+3 #3 @shnazzyoneGamus Maximus 2010-03-08 14:52
Japan isn't America. Companies don't file bankruptcy and get away with just dodging creditors. Japan is much stricter. Bankruptcy in Japan means you get a short period of exemption while your assets are about to get sold off.

*laughs at know-it-alls*
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-1 #4 CINGbrianTAMPA 2010-03-08 22:04
if i'm not mistaken, cing was based out of singapore or malaysia not japan,however i could be incorrect
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+1 #5 RE: Sad News in Gaming as Another Popular Developer Shuts DownJohnno 2010-03-09 02:22
So does this officially mean that the sequel to Hotel Dusk (Room 314 or something?) will not be releasing?
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+1 #6 Japan!JerkFace Killah 2010-03-09 18:07
According to the Wikipedia page, Cing is based out of Fukuoka, Japan

JFK
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