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Lionhead Cancels 'BC' Development

Posted by Zonk on from the sad-day-for-molyneux-fans dept.

Anonymous Coward writes "Worthplaying is reporting in with the rather sad news that Lionhead has stopped further development of B.C. , its highly anticipated Xbox title. Not giving any specific reason as to why, Lionhead's Peter Molyneux said he hopes to "revive the project at a later date." This news is especially odd since a few days ago Lionhead announced to have secured millions of pounds on venture capital."

1 of 22 comments (clear)

  1. Re:Is it odd? by Anonymous Coward · · Score: 1, Informative

    I was once with a game company that accepted VC.
    First, the VC company wanted a say in the running,
    then when the contracts were being signed, it
    became a seat on the board. Then when the money
    was coming up, a seat on the board with full veto
    power. Then when the money was there, and the
    game company actually ordered a whole bunch of
    new stuff, and signed contracts to produce games,
    the VC money was yanked back. The VC company then
    demaned that the 'high risk, low return' games
    development division be closed down and the assets
    sold off. The games company went under, the VC
    company kept all their money, and sued for the
    income that they had expected to get by asset
    stripping the company.