Swedish developer and publisher Starbreeze has announced that they have filed for Reconstruction. The CEO of the company, Bo Andersson, will be leaving his position and resigning from the company board of directors. In the official announcement, the company states that “the decision is based on a shortage of liquidity and deemed to be a necessary step to give the Company the time needed to negotiate a long-term financial solution and implement changes in the organization and operations.”
The shortage of liquidity that is stated in the official announcement is due in large part to the poor sales of Overkill’s The Walking Dead, which was released on PC November 6. The game is Starbreeze’s first big internally-developed release since Brothers: A Tale Of Two Sons. The company says that statistics relating to Overkill’s The Walking Dead point to an “expected shortage of cash in January 2019.” Overkill’s The Walking Dead is a co-operative first-person shooter that is based in the universe of the comic series. It will release on February 5 for the PlayStation 4 and the Xbox One. Starbreeze also published The Chronicles Of Riddick: Escape From Butcher Bay and the Payday series. The company has also entered the VR market with StarVR, a VR headset.
Reconstruction will include salaries to employees of Starbreeze and operations of the company will continue as usual. No payments can be made to suppliers for services and goods relating to the period prior to the date of filing for reconstruction. Suppliers will be paid for services and goods provided during the reconstruction period. Bo Andersson isn’t the only employee leaving the company’s Board Of Directors, as Kristofer Arwin has resigned from the company as well. Reconstruction would not entail any other changes to the management or the Board of the company, the latter of which will continue to be responsible for its operation.