Scottish development group VIS Entertainment has shut down the London development studio which it acquired from BAM! Entertainment less than a year ago, citing project delays and cancellations as the cause.
In a statement issued today, VIS president and CEO Chris van der Kuyl announced that "a series of delays and cancellations to the studio's forthcoming projects have forced this decision upon the VIS management team... The studio will close upon completion of its current works in progress."
VIS, which earlier this month closed the doors of its studio on the Isle of Wight for the last time, acquired the studio - based near Waterloo - from embattled publisher BAM! Entertainment in January, with van der Kuyl stating at the time his hopes that the team's experience in developing for the GameCube would augment VIS' abilities as a cross-platform developer.
The company, which continues to operate two development studios in Scotland, says that it hopes to find a way to integrate the staff from the London studio (believed to be about a dozen people) into other positions in the company, thus keeping job losses to a minimum.