Gizmondo Future Sealed

Posted by Zonk on Monday January 23, 2006 @03:48AM from the not-wak dept.

Last week we discussed Gizmondo's bleak future. Over the weekend, Gamasutra reports, Gizmondo Europe filed for bankruptcy. From the article: "According to an SEC filing in the U.S., the application 'provides Gizmondo Europe with a moratorium in order to affect a financial restructuring of the business.' Gizmondo Europe will have a court hearing on 31 January 2006 to grant the administration order. During the interim period, Gizmondo Europe is immediately subject to protection of the Court and all enforcement actions of creditors are automatically stayed."

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Saw this one coming. by phase_9 · 2006-01-23 04:57 · Score: 2, Informative

I was at the Gizmondo launch party in central London back in April / May time. They must have spent millions on it with live performances from Sting, Jamiriqui and various other "expensive to hire" types (Tom Green and Danni Minouge provided an appauling dynamic). At the time I thought it was doomed to failure (it looked like a cross between an Atari Lynx and that odd Nokia gaming phone) - still, the free chamapagn helped dull the pain.