Playlogic Entertainment

Playlogic Entertainment NV was a company active in mobile gambling and console publishing, established in 2002.

Playlogic Entertainment, Inc
TypePublic
OTC Pink: PLGC
IndustryVideo games
Founded2002
Defunct2010
Headquarters,
Netherlands
ProductsFairytale Fights
Xyanide
Xyanide: Resurrection
Worldshift
Age of Pirates: Caribbean Tales
Age of Pirates 2: City of Abandoned Ships
ObsCure II
Infernal
Aggression
Aliens in the Attic
World Racing 2
Knights of the Temple II
Gene Troopers
Airborne Troops
Cyclone Circus
Pool Hall Pro
Vertigo
Red Bull BC One
Ancient Wars: Sparta
Stateshift
Building & Co
Alpha Black Zero
Dimensity
Sudoku Ball Detective
Dragon Hunters
Simon the Sorcerer 4
The Endless Days of Luckless John
Number of employees
110, with circa 300 external development staff (2010)
Websiteplaylogicgames.com
Playlogic Entertainment N.V.
IndustryMobile gambling and console publishing
Founded2010
Defunct2014
Headquarters
Amsterdam
,
The Netherlands
Websiteplaylogicgames.com

Their gaming and gambling products are Fun Play and Real Play, handled by Microgaming Ltd. The company operates their Real Play components under a Maltese gambling license. Their other products include video game software for Sony, Microsoft, Nintendo and Apple.[citation needed]

HistoryEdit

Formed in 2010, Playlogic Entertainment NV is a continuation of Playlogic International NV, which was established as a traditional console video game publisher. After restructuring, the company continued with the same management team and employees.[citation needed]

The restructured company completed the acquisition of mobile gaming and gambling company WannaGaming International BV in 2011. WannaGaming was founded 4 years prior to the acquisition. WGM Ltd. on Malta, using brand name WannaGaming, has a long-term partnership with market leader Microgaming Ltd. for all mobile gaming and gambling products, banking services and 24/7 international help desk services. The company operates under a Maltese gambling license. WGM Ltd. on Malta is a subsidiary of Playlogic Entertainment.

RestructuringEdit

Playlogic Entertainment, Inc. was listed on the 'OTCBB' in New York, (ticker symbol: PLGC) as of June 2005 and completed all SEC required filings until Q1 2010. The stock is currently pink sheet and Playlogic Entertainment Inc. has been renamed Donar Ventures.

Playlogic International N.V. was a full subsidiary of Playlogic Entertainment, Inc. and was based in Amsterdam, the Netherlands. Playlogic published a variety of games developed internationally but also through their in-house production facility, Playlogic Game Factory BV.

Playlogic represented a work force who were responsible for Distributing, Selling, Licensing, PR & Marketing, publishing and Product Development.

In 2009, Fairytale Fights, which was developed in house by Playlogic Games Factory and published by Playlogic International NV, was released.

PlaylogicGame Factory: Based in Breda (the Netherlands) was a game development studio with a team of circa 80 people developing a number of titles on several platforms.

Bankruptcy and restartEdit

On Tuesday, July 27, 2010 rumours started to surface around Playlogic about a possible bankruptcy, after a few years of struggling with major losses and new games failing to bring in new cash.[1] Wednesday 28 July 2010 the rumours have been confirmed by a filing at the US Securities and Exchange Commission. This filing revealed that the company had voluntarily entered into 'surseance van betaling', the Dutch equivalent of Chapter 11.[2]

On Wednesday, August 4, 2010, the court declared Playlogic officially bankrupt.[citation needed] Later that year Playlogic Entertainment NV relaunched with some of the original staff, taking a focus on publishing already made games on digital platforms and gambling related games.[3] In December 2014, Playlogic went bankrupt again.[4]

First-party development for SonyEdit

Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE). This relationship was continued for 4 years in which Playlogic Game Factory developed 5 products that were published by Sony Computer Entertainment Europe. These games were Eyepet, Eyepet Move Edition, Pom Pom Party, Aqua Vita and Mesmerize I&II. These titles used either the PlayStation 2 EyeToy camera or the PlayStation 3 Eye Camera.[citation needed]

The company's principal sources of revenue were derived from publishing operations. Playlogic owned most of the intellectual property they published.[citation needed]

ReferencesEdit

  1. ^ "Nederlandse gameontwikkelaar Playlogic stevent af op faillissement". Tweakers.net. 27 July 2010.
  2. ^ "Playlogic files for bankruptcy". gamsindustry.biz. 28 July 2010.
  3. ^ "Beleaguered Playlogic relaunches company, focusing on digital releases". Joystiq. 22 December 2010.
  4. ^ "Gamesbedrijf Playlogic (weer) failliet". RTL Nieuws. 3 December 2014.

External linksEdit