Update: Free Radical Bankrupt, Not Yet Closed

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  • CSN NewsBot

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    Update: Free Radical Bankrupt, Not Yet Closed

    Update: Apparently Free Radical isn't completely closed, but they are bankrupt. Right now it's "business as usual" at the company while the financial position of the company is assessed.



    The company hopes to make an announcement at or around Christmas. We'll have more information when they do.



    Original: Free Radical Design, the developers of the TimeSplitters FPS-series and the PS3 game, Haze, have officially shut down.
    The sources confirmed to Kotaku earlier reports that employees were locked out of their offices today in Nottingham. A meeting held later in the day ending with the closure of the independent developer, sources say.



    While the shut down was a surprise to some within the company, it sounds like it wasn't to all. We've heard that some Free Radical Design employees were jumping ship in the week or two leading to today's news.
    The company was already hard at work on making the latest in the TimeSplitters series for the current generation of consoles. It was also rumored that they were working on a new game in the Star Wars: Battlefront world. However, the loss of the development deal with LucasArts may have been one of the key factors leading to the company closing up shop.



    Good luck to the employees of Free Radical, and R.I.P. to the TimeSplitters series.
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