Looks like more bad new for the Australian game development industry with
word from SmartCompany.com.au that Team Bondi is now in administration:
The appointment comes after a tumultuous few months for the studio. It has been battered by reports of poor working conditions, along with criticism from former employees who were not credited on the company’s blockbuster title LA Noire.
According to documents filed with the Australian Securities and Investments Commission, Riad Tayeh and David Solomons of de Vries Tayeh were appointed as joint administrators of the company on August 30.
It is still unknown whether the appointment of an administrator is related to the rumoured transaction, or whether it will be going ahead at all.
A
company search on the ASIC website confirms the details. While it is unexpected that it happened so soon after LA Noire, I can't say anyone should be greatly surprised.
promoted/edited forum item
Posted 01:23pm 01/9/11
Posted 01:30pm 01/9/11
Posted 01:34pm 01/9/11
Say what you will about Team Bondi's management and ethics, but this sucks for everyone.
Posted 01:50pm 01/9/11
Posted 02:38pm 01/9/11
Posted 03:42pm 01/9/11
Posted 03:53pm 01/9/11
I feel bad for the people working there who were just caught in the crossfire and lost their jobs, but honestly, if even half the stories I've heard and read about Team Bondi are true, then the Australian games industry is probably better off without them.
Posted 06:48pm 01/9/11