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General discussion (archive)Game Over for JoWood(50 posts)(50 posts)
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This is my favourite topic
Posted April 21, 2011
JoWood's negotiations with investors have hailed and restructuring plan has been buried meaning JoWood's assests will be liquidated. JoWood is finished.
Several sources report that JoWooD's insolvency process is moving forward, unfortunately not in the desired direction.

•Negotiations with possible investors, and with them the intended restructuring plan, have failed.
•JoWooD pulls back the application to pursue a restructuring plan.
•Thereby the insolvency with a planned restructuring becomes an insolvency without a positive continuation prognosis.
•This means the liquidation proceedings will start shortly.
•The daughter company JoWooD Distribution Services GmbH files for insolvency on April 21st 2011.
•Trading of the JoWooD shares at the Vienna Stock Exchange has been suspended.
Source

What does this means for franchises owned by JoWood and their games on GOG remains a mystery but let the speculation commence!
Post edited April 21, 2011 by Petrell
Posted April 21, 2011
I assume some company will buy their back catalogue for cheap, and whatever IP they have. Hopefully that company wants to keep selling the games on GOG, otherwise they will be pulled.

I didn't notice until just now that Gothic is published by Piranha Bytes on GOG. That's cool.
Posted April 21, 2011
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StingingVelvet: I assume some company will buy their back catalogue for cheap, and whatever IP they have. Hopefully that company wants to keep selling the games on GOG, otherwise they will be pulled.
Hopefully they're sold to someone who gives a damn. Worst case is that no one buys them and assests are split amongst the deptors and games will never be sold again anywhere as it will be night impossible to deciper who owns rights to what after that.
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StingingVelvet: I didn't notice until just now that Gothic is published by Piranha Bytes on GOG. That's cool.
Gothic II on the other hand is published by JoWood but that may become moot soon enough as Pirahna Bytes has stated they'll get back the rights by the time they release Risen 2 because they apparently only licenced the Gothic franchise to JoWood.
Gothicz.net: Mike, last question. If you had a chance to win the rights for Gothic back, would you consider it? Is there a possibility, that you ever develop another Gothic?

Mike: We get the rights to Gothic back when we have finished Risen 2. Why? Because we did only sell them to our ex-publisher for a certain amount of time ;)
Posted April 21, 2011
There were some gossip around, talking first about a big investor coming from the gaming industry and later about insider dealng which ruined the firm, at this moment it was clear it will get really dirt and there will be no future for Jowood.

Some austrian sources in german language:
http://www.wirtschaftsblatt.at/archiv/467596/index.do
http://www.wirtschaftsblatt.at/home/boerse/bwien/467009/index.do
http://diepresse.com/home/wirtschaft/economist/652366/Sanierung-gescheitert-JoWooD-im-Konkurs?_vl_backlink=/home/wirtschaft/economist/index.do
Post edited April 21, 2011 by DukeNukemForever
Posted April 21, 2011
Shit.

To elaborate: I'll be sad to see them go.
Post edited April 21, 2011 by amcdermo
Posted April 21, 2011
It sucks for the innocent people who will lose their jobs and all that, but karma must be blind so, mostly I'm happy.
Post edited April 21, 2011 by chautemoc
Posted April 21, 2011
Would be nice to see some GoG reaction about what will be the impact over JoWood games available on GoG.

And most importantly, if the games will have to be removed from the catalogue, I hope they will give a warning in advance (and maybe a nice promo).
Posted April 21, 2011
I'd like to know if their IP catalog is now on sale. I'd like to buy the Gothic IP.
Post edited April 21, 2011 by drmlessgames
Posted April 21, 2011
JoWood was a mediocre publisher at best, doesn't really matter. I'm sure PB will buy the rights to the older Gothic titles (save Arcania and Forsaken Gods) and any future Gothic game.
Posted April 21, 2011
JoWood sale this weekend then :)
Posted April 21, 2011
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Metro09: JoWood was a mediocre publisher at best, doesn't really matter. I'm sure PB will buy the rights to the older Gothic titles (save Arcania and Forsaken Gods) and any future Gothic game.
I think PB is the publisher of the gothic games here, only here on gog. It seems like a special arrangement.
Posted April 21, 2011
Sad news...
Posted April 21, 2011
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StingingVelvet: I assume some company will buy their back catalogue for cheap, and whatever IP they have.
Companies. Plural. Expect it to be scattered far and wide at some pretty brutal auctions with no minimum bid or reserve. They will be sold on that one day, even if it's for pennies.

Who knows what that means for the games here, but you can be your butt it means more work for GOG chasing it all down again and trying to get the new rights holders to agree to let those games stay here.
Posted April 21, 2011
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Metro09: JoWood was a mediocre publisher at best, doesn't really matter. I'm sure PB will buy the rights to the older Gothic titles (save Arcania and Forsaken Gods) and any future Gothic game.
JoWood going down is sad to me, even if they weren't that great. Their games were cheap! :D

However, if PB does in fact buy the rights to Gothic again, I will jump for joy. Although to be honest, I like Risen better.
Posted April 21, 2011
I'd like to know if these going out of business IP auctions are open to the public. I'd like to see if i could buy the Gothic IP. I'd re-release them on GOG under a drmlessgames label. =O
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General discussion (archive)Game Over for JoWood(50 posts)(50 posts)
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