The instability of the industry has caused the closure of various studies in recent months. This situation continues to claim new victims, since a company with 19 years of experience has just closed its doors due to lack of opportunities and resources.
Is about Paladin Studiosa company that collaborated in various developments of Nintendo, Netflix, Bandai Namco and other renowned studies. Through a statement, he informed about its closure and took the opportunity to thank both his creatives and the players who supported his projects.
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Paladin Studios closes and all creatives are left without work
Paladin Studios was born in 2005 as a small independent studio based in the Netherlands. Over the years, it managed to grow until it had 55 members who worked on projects for various companies and on games such as Good Job!, Cut the Rope Remastered, Amazing Katamari Damacy and My Tamagotchi Forever.
After almost 2 decades of uninterrupted work, the studio closed its doors because did not find new projects to work on during the last few months. As a consequence, it entered into a severe financial crisis and was therefore unable to continue.
“Yesterday we reached a turning point for our financial security. Going further with the current outlook would have been an irresponsible decision that would likely have caused insolvency. Therefore, we have taken this step to ensure a proper liquidation, in which all employees receive adequate compensation and the studio remains debt-free,” the company explained.
In his statement, he thanked all the developers who were part of his ranks and recognized their talent. Likewise, he regretted the situation, since all the creatives lost their jobs. Because of this, they invited other companies to share their available positions. Finally, they confirmed that they will do everything possible to keep their current games available. Their plan is to provide them with long-term technical support.
“We want to thank the team, our partners and our industry colleagues for all the good times. “It really was a wild ride and we wouldn’t have wanted to miss it for the world,” the studio concluded.
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What do you think of this situation and the closure of other studios? Tell us in the comments.
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