Developer SimBin Goes Bankrupt, Forms into Sector 3 Studios, 18 Staff Laid Off - News
by William D'Angelo , posted on 11 September 2014 / 5,276 Views
SimBin Studios, the Swedish developer, has gone bankrupt. Former COO Christopher Speed told Develop that the company wanted to re-structure and that bankruptcy was the easiest way. Due to the bankruptcy 18 employees were laid off.
Speed has formed a new studio, Sector 3 Studios, following the bankruptcy proceedings. The new studio is continuing work on RaceRoom Racing Experience.
"I formed Sector 3 to first try and keep as much of the talent SimBin employed as possible," he said. "I also believe in RaceRoom Racing Experience as a product and the surrounding commercial ventures that were spawning from it."
Sector 3 Studios in the future is going to move into a new office at the Gothia Science Park in Skovde, Sweden.
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
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It's always a sad news when a developer company shut down.
With TOCA (from Codemasters) discontinued and GTR / RaceRoom (from SimBin) suffering with this process, the motorsport genre is vanishing from videogaming. Project CARS is the last hope.
Sector 3? Is that the Mountain or the Ice sector?
Looked them it looked like they just made some lower key racing games.
