Grand Theft Auto Software Developer Becomes Redundant
Paul Dounis and Ken Patullo, have been appointed joint administrators to Realtime Worlds, the video game developer, whose hit games include the famous and very popular Grand Theft Auto.
Dounis and Patullo are partners in Begbies Traynor.
Realtime Worlds is one of the major players in the UK video games market.
Dounis was reported to have said that 157 out of a total of 210 were made redundant. All the staff worked at the company’s development offices based in Dundee.
Realtime Worlds’ head offices as well as their online operations are based at Colorado. In the company’s US division, 28 staff has lost their jobs.
The administrator said that plans were on to retain some of the staff in the US division of the company in order to help the firm get sold off.
The administrators also said that there were interested parties both in UK and USA who wanted to buy all or part of the business.
It was in the year 2002 that Realtime Worlds was founded by Dave Jones. He was also the Creative Director of the company.
Jones is the creator of the hit Grand Theft Auto. The action-adventure game has sold over 50 million copies.
Begbies said in a statement that Realtime’s collapse can partly be blamed on the poor demand the company’s latest game APB: All Points Bulletin had generated. The game was released about 6 weeks back.
The game was designed for Microsoft Windows. The multi player online game involves players in a battle between law enforcers and criminals. It has received a poor reception from reviewers who were quick to trash it.
Realtime Worlds was awarded the Hottest Prospect Award by Pricewaterhouse Coopers less than a year ago at a conference on technology investment.