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Bankrupt Cheyenne offloads Stargate shooter

Shareholders buy rights in effort to keep game running

Bankrupt US developer Cheyenne Mountain Entertainment has called in the receivers and offloaded its shooter, Stargate: Resistance to new start-up Fresh Start Studios.

Fresh Start, which has been set up by Cheyenne shareholders, acquired the game for $100,000 and has $200,000 to continue to run the online game, which launched in February.

Cheyenne currently has no employees and is crippled with debt – it owes staff over $1.1 million in wages, $3 million in taxes, $2 million to creditors, is being sued for over $10 million, and filed for bankruptcy protection in February.

The studio was working on a massively multiplayer game based on the Stargate series at the time it went bust.

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Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
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