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Farsight Studios
The Pinball Arcade / Farsight Studios
Platform Specific
Playstation 3
Bobby King Interview 2 (PS3)
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<blockquote data-quote="brakel" data-source="post: 69471" data-attributes="member: 416"><p>They said that they anticipated submitting in January. I think FarSight was under the impression that they would submit a request to the bankruptcy court and it would be approved in a reasonable amount of time. What happens is that a request is submitted and then sent to all of Crave's creditors that are owed money. Creditors will generally jump at the chance to liquidate something of value. My guess is that FarSight was simply looking for the court to release them from the contract so that they can have someone else do the Xbox distribution. One or more of the creditors must be objecting to this. They probably think that the contract itself has real value and that they should be compensated for it. However a distribution contract doesn't have any real value. The money is in the actual distribution and sale of the product.</p></blockquote><p></p>
[QUOTE="brakel, post: 69471, member: 416"] They said that they anticipated submitting in January. I think FarSight was under the impression that they would submit a request to the bankruptcy court and it would be approved in a reasonable amount of time. What happens is that a request is submitted and then sent to all of Crave's creditors that are owed money. Creditors will generally jump at the chance to liquidate something of value. My guess is that FarSight was simply looking for the court to release them from the contract so that they can have someone else do the Xbox distribution. One or more of the creditors must be objecting to this. They probably think that the contract itself has real value and that they should be compensated for it. However a distribution contract doesn't have any real value. The money is in the actual distribution and sale of the product. [/QUOTE]
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The Pinball Arcade / Farsight Studios
Home
Forums
Farsight Studios
The Pinball Arcade / Farsight Studios
Platform Specific
Playstation 3
Bobby King Interview 2 (PS3)
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