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Dice kills DC with headshot

  • 07-06-2005 7:22pm
    #1
    KdjaCL
    Closed Accounts Posts: 20,346 ✭✭✭✭


    DICE NY Closed [June 07, 2005, 10:46 am EDT] - 45 Comments
    This Digital Illusions' Press Release (thanks Frans) announces that DICE is closing their New York offices. DICE New York was the arm of the Swedish developer formed upon the acquisition of Trauma Studios, developers of the Desert Combat modification for Battlefield 1942. According to the announcement, the dozen employees of DICE New York are being offered the opportunity to relocate to Sweden, and that DICE Canada will continue to operate, focusing on expansion packs. The wording of the announcement makes it sound like this move enables DICE to renege on a scheduled payment:

    Digital Illusions will not pay the supplement payment of 200,000 USD as agreed upon at the time of the acquisition of Trauma Studios. The total payment is thereby 300,000 USD. Following the adjustment for the default of payment of the additional supplement payment, the SEK 1.3m remainder of the value of goodwill is written down during the second quarter of 2005. Other costs of liquidation are diminutive.


    Well isnt that a surprise they got the trademark logo, just means DC for BF2 will be an Exp pack if it comes out.


    kdjac


Comments

  • #2
    Winters
    Registered Users, Registered Users 2 Posts: 14,761 ✭✭✭✭Winters


    Also got this in my email from DICE press office this morning.
    Digital Illusions discontinues its operations in New York

    Digital Illusions have decided to discontinue the New York office, Trauma Studios. All of the twelve employees are offered employment at the head office in Stockholm.

    - The conditions have changed and the future plans of the company differ considerably from when Trauma Studios was acquired in September of 2004. The acquisition of Trauma Studios was nevertheless particularly motivated. The deal contained value in form of rights to trademarks as well as a new game concept, says Thomas Skoglund, the chairman of the board of Digital Illusions.

    - We will from now on focus on the growth of the Swedish operations, says Patrick Söderlund, the CEO of Digital Illusions.

    Digital Illusions are planning a growth in Sweden already in 2005. The company will continue the use of outsourcing of elementary graphic services to cheaper countries as for example Ukraine.

    The Canadian office will continue to function as a satellite studio. The operations are based on working with gaming concepts, mainly expansion packs, based on technology developed in Stockholm.

    Digital Illusions will not pay the supplement payment of 200,000 USD as agreed upon at the time of the acquisition of Trauma Studios. The total payment is thereby 300,000 USD. Following the adjustment for the default of payment of the additional supplement payment, the SEK 1.3m remainder of the value of goodwill is written down during the second quarter of 2005. Other costs of liquidation are diminutive.


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