APB closing...

[Neil]

Surprised about this as supposedly they have millions of dollars a month coming in from subscriptions!

http://www.eurogamer.net/articles/2010-09-16-apb-plug-to-be-pulled

[SymphonicX]

yeah but I bet their overheads are like $1,000,001

[Eyebiter]

The usual tactic is to close the studio and transfer the intellectual property to a shell company. Certain employees from the old company will be hired to continue working, others will be let go. The investors loose all their money.

Used to be that defunct software companies could get away with this. Now investors are more aware of the value of software in development, a lawsuit is filed to gain control of the software assets.