Germany-based games publisher 10Tacle Studios has hit serious financial troubles and has filed bankruptcy after being unable to attract new investors. Back in March, 10Tacle first announced financial problems, releasing 25 employees.
This news could provide some shock value to the sim racing community because 10Tacle is strongly affiliated with Blimey! Games and their upcoming Ferrari Project game. Blimey! however has reacted, releasing the following statement by Blimey! CEO Ian Bell:
“Despite 10T’s unfortunate and recently announced insolvency, Blimey! Games is in a very strong position. We have recently signed an unannounced major project for a top tier publisher which secures our continued growth and our Ferrari title remains unaffected. Work will continue as normal at our studio.”
While this is good news, it certainly is sad to hear about 10Tacle’s problems. Founded in 2003, the company was the first publisher freshly-founded Simbin Studio’s could attract to publish GTR, their first ever simulation. 10Tacle went on to publish GT Legends and GTR2, making them a known name among sim racers.
After the announcement, the 10Tacle stock dropped by 76% to 0,32€, the stock’s all-time high was 14,95€ back in May 2007.