Majesco and indie label Midnight City facing serious trouble
Majesco and its indie label Midnight City are facing serious trouble, a new Gamasutra report suggests.
The site makes note of the following excerpts from a recent filing with the Securities and Exchange Commission:
“the reduction (in workforce) includes development and game-testing, selling and marketing, and support personnel. We are currently not developing any significant new games for release in fiscal 2015.”
“we have suffered losses that raise substantial doubt about our ability to continue as a going concern. Accordingly, we are evaluating various alternatives, including reducing operating expenses and personnel costs, securing additional financing for future business activities, and other strategic alternatives including a sale or merger of our company.”
Gamasutra goes on to mention that Majesco’s indie publishing label, Midnight City, is facing trouble as well. Midnight City published Costume Quest 2 and is bringing Gone Home to Wii U.
