Playlogic Entertainment
Playlogic Entertainment NV was a company active in mobile gambling and console publishing, established in 2002.
 | |
| Type | Public |
|---|---|
| OTC Pink: PLGC | |
| Industry | Video games |
| Founded | 2002 |
| Defunct | 2010 |
| Headquarters | Amsterdam , The Netherlands |
| Products | Fairytale 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 300+/- external development staff (2010) |
| Website | www.playlogicgames.com |
| |
| Industry | Mobile gambling and console publishing |
|---|---|
| Founded | 2010 |
| Defunct | 2014 |
| Headquarters | Amsterdam , The Netherlands |
| Website | www.playlogicgames.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.
History
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 several key employees.
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 100% subsidiary of Playlogic Entertainment NV. Playlogic Entertainment NV continues to provide all required services to developers for release of their games on current game consoles.
Restructuring
Playlogic Entertainment, Inc. was listed on the 'OTCBB' in New York, (ticker symbol: PLGC) as of June 2005 and was fully compliant 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.
Together Playlogic represented a work force stronger than 110 who were responsible for Distributing, Selling, Licensing, PR & Marketing, publishing and Product Development.
In 2009, Playlogic Games were pleased to see the launch of the largely anticipated Fairytale Fights, which was developed in house by Playlogic Games Factory and published by Playlogic International NV.
PlaylogicGame Factory: Based in Breda (the Netherlands) was one of the most modern and advanced contemporary development studios with a team of circa 80 people developing a number of titles on several platforms.
Bankruptcy and restart
On Tuesday 27 July 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 4 August 2010, the court declared Playlogic officially bankrupt. Later that year Playlogic Entertainment N.V. 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 Sony
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.
The company's principal sources of revenue were derived from publishing operations. Playlogic owned most of the intellectual property they published.
References
- "Nederlandse gameontwikkelaar Playlogic stevent af op faillissement". Tweakers.net. 27 July 2010.
- "Playlogic files for bankruptcy". gamsindustry.biz. 28 July 2010.
- "Beleaguered Playlogic relaunches company, focusing on digital releases". Joystiq. 22 December 2010.
- "Gamesbedrijf Playlogic (weer) failliet". RTL Nieuws. 3 December 2014.