Eurocom shutting down
James Bond developer lays off remaining staff, enters administration following "steep decline" in console and PC games.
We'll begin emailing you updates about %gameName%.
James Bond developer Eurocom may soon be no more. The independent studio provided a statement to Eurogamer today announcing that the developer's remaining staff had been let go, with the company itself entering administration in preparation of closing for good. The Derby-based outfit made 150 staff cuts last month, with the remaining 42 made redundant today.
Eurocom's closure was a result of a "steep decline" in sales of console and PC games, the statement said. This led to a "severe contraction" in the number of new games being commissioned from publishers across the world, which specifically affected Eurocom.
Additionally, Eurocom faced "intense competition" from studios in countries with lower development costs or those that benefited from "generous" tax credits.
"The administrator and the company's directors have been negotiating with customers surrounding new contracts to develop console games," the statement goes on. "However, these contracts could not be secured in time, and due to insufficient funds to pay outstanding wages, Eurocom today entered administration."
In addition to the loss of the outfit's remaining 42 positions, Eurocom will cease trading.
Eurocom was established in 1988. It has created dozens of games, with its most recent offerings including the James Bond games 007 Legends and GoldenEye 007: Reloaded, as well as Harry Potter for Kinect, Disney Universe, and Rio.
Netflix's Best New Movies And TV Shows To Watch In September 2018 (US) We Played Red Dead Redemption 2 Spider-Man PS4 Is More Important Than It Seems Call Of Duty: Black Ops 4 Will Receive Free DLC After Launch - GS News Update Red Dead Redemption 2 Has First-Person, Horse Drifting, A Camera, And More - GS News Update Loot Boxes And Microtransactions Can Be Such A Problem, Here's Why - Steam Punks AHS: Apocalypse Season 8 Episode 2 "The Morning After" Breakdown! Supernatural - 'Who's Next' Official Trailer The Walking Dead - Season 9 'Dystopia Utopia' Official Teaser Confronting Ganon With One Life - Zelda Breath Of The Wild | GraveHoppers Ep. 11 Pokemon Go: Mewtwo Now Available In Standard Raid Battles And More - GS News Update Sega Ages - Sonic The Hedgehog & Thunder Force IV Official Launch Trailer
Got a news tip or want to contact us directly? Email firstname.lastname@example.org