What on Earth is Going on Over at Overkill’s The Walking Dead Publisher Starbreeze?
The Stockholm office was raided by police under suspicion of insider trading.
By Chris Morse
This is one of the more bizarre stories to be unfolding recently. Yesterday, OVERKILL’s The Walking Dead publisher Starbreeze Studios was the target of a raid by the Swedish Economic Crime Authority at its headquarters in Stockholm, Sweden. The raid was conducted under suspicions of insider trading and the police were seen carrying away computers and other potential evidence following the arrest of one person who has yet to be named by authorities.
The news was first reported by Dagens Industri and Eurogamer later reported on a statement released in a tweet by the Swedish Economic Crime Authority, which they helpfully provided a translation for that you can read below.[blockquote-0]
The timing of this is very tricky for a studio that has been going through some difficult times, financially. After a rather lackluster launch of OVERKILL’s The Walking Dead, the companies behind the game went into damage control mode and unveiled a starter edition that will come at a lower price point, which might encourage hesitant gamers to give the title a try without paying full retail price for all of its included content.
In addition, recent reports on the business side of Starbreeze have painted a very troubling picture for the publisher, who filed for reconstruction with the Stockholm District Court. It’s not quite bankruptcy but the move gives the company some breathing room on its debts as it works to get back into healthy territory. As a result, the publisher will miss its financial targets and have moved to begin cutting costs around the studio in order to stay afloat.
Considering all of this news together, Starbreeze is certainly going through a very rocky time in a number of ways and a police raid certainly doesn’t help matters. That’s about all of the information we have for the time being but we will continue to follow the latest on this as the story unfolds.[relatedArticle-0]
Weekly Horror News Round-Up November 7: The Walking Dead, Friday the 13th: The Game, Ghostbusters: Afterlife
Plus, Hulu pulls the plug on Castle Rock, the Resident Evil film reboot adds to its cast, Demon's Souls get a fancy character creator, and more.
Weekly Horror News Round-Up February 14: Stranger Things, The Walking Dead, Castlevania
Plus, The Hunt gets another shot at release, Robert Englund doubts he’ll play Freddy again, Capcom offers us various Resident Evil reveals, and more.
Weekly Horror News Round-Up January 31: The Walking Dead, The Witcher, Mortal Kombat
Plus, A Quiet Place Part II teases a surprising return, The Lost Boys gets another go at The CW, The Stand adds a cast member, and more.
Weekly Horror News Round-Up January 24: The Witcher, The Walking Dead, Resident Evil
Plus, Silent Hill rumors, some early Castlevania Season 3 art, Dying Light 2’s delay, a new horror game from Ninja Theory, and more.