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Gizmondo Future Sealed
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."
When I visited the store in London in Regent Street there were hardly any customers anyway. And the Sales guy proudly showed me his copy of Spiderman 2 on the Gizmondo with a nice "#tmd-moviez" tag below it. Of course he explained he officially bought it (not to mention it was still shown in the cinema and the DVD wasn't out at that time. pah, of course not!).
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.
Why is Gizmondo *Europe* filing for bankruptcy in the US? I don't understand the world :(
Your plan seems so foolproof!! It's just that damn step 3 that never seems to work! :(
No one has made a joke about Duke Nukem Forever yet?