Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
June 17, 2019
arrowPress Releases








If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Report: Telltale was in funding talks one day before majority shutdown

Report: Telltale was in funding talks one day before majority shutdown

September 26, 2018 | By Chris Kerr




Telltale Games' "majority closure," which resulted in the bulk of its staff being laid off without severance pay, came only a day after potential investors walked away from funding talks. 

As reported by Variety, South Korean developer Smilegate and U.S. media outfit AMC were mulling over the possibility of investing in the studio, with Telltale management hoping to hash out a deal that would save the company. 

Talks with AMC in particular were perceived to be going well, and internally it was expected that a funding deal would be confirmed within a few weeks - one employee explained the situation was being painted as a 'done deal.'

That wasn't to be the case, however, and both companies eventually pulled out of talks last Thursday, just hours before Telltale announced its closure.

Since breaking the news, Telltale has canceled upcoming titles including Stranger Things and The Wolf Among Us 2, and is currently looking to work with potential partners to finish the final season of The Walking Dead.

The studio has also been hit with a class action lawsuit, with one former employee alleging the company violated California's WARN Act by failing to give 60 days notices ahead of the mass termination. 

As it stands, Telltale currently comprises a skeleton crew of 25 developers, who've been kept on for the time being to fulfill the company's obligations to its board and partners.



Related Jobs

Sucker Punch Productions
Sucker Punch Productions — Bellevue, Washington, United States
[06.16.19]

QA Manager
Gear Inc.
Gear Inc. — Hanoi, Vietnam
[06.15.19]

Technical Director
Legends of Learning
Legends of Learning — Washington, DC, District of Columbia, United States
[06.14.19]

Senior Unity Engineer - $140k - Remote OK
Wargaming.net
Wargaming.net — Chicago, Illinois, United States
[06.14.19]

Server Engineer









Loading Comments

loader image