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	<title>southpeak interactive &#8211; Video Game News, Reviews, Walkthroughs And Guides | GamingBolt</title>
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		<title>TimeGate Studios Files for Bankruptcy, Slides Further into Oblivion</title>
		<link>https://gamingbolt.com/timegate-studios-files-for-bankruptcy-slides-further-into-oblivion</link>
					<comments>https://gamingbolt.com/timegate-studios-files-for-bankruptcy-slides-further-into-oblivion#respond</comments>
		
		<dc:creator><![CDATA[Ravi Sinha]]></dc:creator>
		<pubDate>Fri, 03 May 2013 12:16:59 +0000</pubDate>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Aliens: Colonial Marines]]></category>
		<category><![CDATA[Bankruptcy]]></category>
		<category><![CDATA[industry]]></category>
		<category><![CDATA[Section 8]]></category>
		<category><![CDATA[southpeak interactive]]></category>
		<category><![CDATA[TimeGate Studios]]></category>
		<guid isPermaLink="false">http://gamingbolt.com/?p=152798</guid>

					<description><![CDATA[The Aliens: Colonial Marines dev owes money to a lot of people.]]></description>
										<content:encoded><![CDATA[<p><a href="https://gamingbolt.com/wp-content/uploads/2009/09/Section8-1.jpg"><img fetchpriority="high" decoding="async" src="https://gamingbolt.com/wp-content/uploads/2009/09/Section8-1.jpg" alt="Section8-1" width="505" height="269" class="aligncenter size-full wp-image-725" /></a><br />
Remember TimeGate Studios, the studio that Gearbox Software outsourced work for Aliens: Colonial Marines and hence got stuck up in the controversy for the same? Apparently the Section 8 developer has filed Chapter 11 bankruptcy protection. </p>
<p><a href="http://www.polygon.com/2013/5/2/4293890/section-8-timegate-studios-aliens-colonial-marines-bankruptcy">Polygon</a> also reported that the company owes cash to no more than 50 different creditors, including Epic Games, Agora and DJ2 Entertainment with liabilities ranging from $10 to $50 million.</p>
<p>But that&#8217;s not all. Southpeak Interactive is also in a legal battle with TimeGate over payments licensing issues that has been on-going since 2009. So chalk up another $7.35 million to Southpeak since TimeGate&#8217;s appeal was denied two weeks. If it couldn&#8217;t get any worse, the developer may also lose the Section 8 IP.</p>
<p>That&#8217;s also not including the class action lawsuit that Sega and Gearbox Software are a part of with Aliens: Colonial Marines. It&#8217;s definitely dark days for the FPS developer, and it&#8217;ll remain to be seen if it can escape unscathed.</p>
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		<title>Dementium 2 PC/Mac trailer will scare the crap out of you</title>
		<link>https://gamingbolt.com/dementium-2-pcmac-trailer-will-scare-the-crap-out-of-you</link>
					<comments>https://gamingbolt.com/dementium-2-pcmac-trailer-will-scare-the-crap-out-of-you#comments</comments>
		
		<dc:creator><![CDATA[Shubhankar Parijat]]></dc:creator>
		<pubDate>Wed, 28 Nov 2012 17:35:21 +0000</pubDate>
				<category><![CDATA[News]]></category>
		<category><![CDATA[dementium 2]]></category>
		<category><![CDATA[DS]]></category>
		<category><![CDATA[Mac]]></category>
		<category><![CDATA[memetic games]]></category>
		<category><![CDATA[pc]]></category>
		<category><![CDATA[renegade kid]]></category>
		<category><![CDATA[southpeak interactive]]></category>
		<guid isPermaLink="false">http://gamingbolt.com/?p=124836</guid>

					<description><![CDATA[...Maybe. ]]></description>
										<content:encoded><![CDATA[<p><iframe width="505" height="280" src="https://www.youtube.com/embed/HXyp6fg4Pk8?feature=player_detailpage" frameborder="0" allowfullscreen></iframe></p>
<p style="text-align: justify;">Dementium 2&#8217;s PC and Mac port has gotten a pretty awesome trailer, and you can check it out above.</p>
<p style="text-align: justify;">The trailer shows some disgusting and horrifying beasts running around a psyche ward.</p>
<p style="text-align: justify;">The original game was developed by Renegade Kid and released on the DS in 2010. It&#8217;s a horror first person shooter that was received well by everyone. Memetic Games is handling the development of Dementium II&#8217;2 PC and Mac version.</p>
<p style="text-align: justify;">The PC and Mac version, though, will not be just a mere port. It will have several additions, such as upgraded visuals and new assets.</p>
<p style="text-align: justify;">Dementium II is based on  William Redmoor, who wakes up after 5 weeks after having had brain surgery. But he must face his paranoia and nightmares that have plagued him for months, and stop them once and for all.</p>
<p style="text-align: justify;">No specific release date for the PC and Mac version is yet announced, but stay tuned, and we will keep you updated.</p>
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