Mesa-based Cheyenne Mountain Entertainment, the developer of the upcoming MMORPG Stargate Worlds, seems to be having financial difficulties. A disgruntled employee has set up a Web site counting the number of days since payroll has been made: days-since-cheyenne-mountain-employees-have-been-paid.com.
The fan site GateWorld adds that there have been several layoffs at the start-up in the past year and the company has relied on its investors for income during the game’s long development process.
Cheyenne Mountain said in a statement:
Like many start ups, we face the same cash-flow issues that all pre-revenue companies face. We have maintained a core of dedicated investors, but the new economic realities are forcing us to seek out additional sources of funding and that’s what we’re doing.
We continue to move forward on the Stargate Worlds project. We recently completed a successful phase of closed beta testing and we will start a second phase early in 2009.
Stargate Worlds is based on the TV series Stargate SG-1, which went off the air last year. SG-1 was itself based on the 1994 feature film Stargate, and spinoff Stargate Atlantis has only a few episodes before it, too, ends. A new series, Stargate Universe, is in pre-production for Sci Fi Channel release early next year.
The franchise’s last video game adaptation, the multiplayer first-person shooter Stargate SG-1: The Alliance, died late in its development for what were cited as quality issues.
Further reading:
Not really surprised. I heard the guy who started this has faltered before on his other start up businesses. Hope it works out and they get the game launched. Sucks for the investors if they lose their money, but that is the game that is played with this investing. Sometimes you win, other times you lose.
Not really surprised. I heard the guy who started this has faltered before on his other start up businesses. Hope it works out and they get the game launched. Sucks for the investors if they lose their money, but that is the game that is played with this investing. Sometimes you win, other times you lose.
Cheyenne Mountain looks strong to me. Three weeks ago, I met and have been working with the CEO at their headquarters in Mesa, AZ. Everyone looks happy and very busy to me. From close in I saw no issues. So, I do not know what’s at the bottom of this rumor. Does anyone know the source of this information?
Cheyenne Mountain looks strong to me. Three weeks ago, I met and have been working with the CEO at their headquarters in Mesa, AZ. Everyone looks happy and very busy to me. From close in I saw no issues. So, I do not know what’s at the bottom of this rumor. Does anyone know the source of this information?
As someone that has worked closely with this company at the beginning as well as other companies under the same management, they work in very shady ways. To hear that they are failing is no surprise. It was a time bomb waiting to happen. I have always thought upper management equals …SHADY! We have heard unpaid employees call this place a goat rodeo of poor management, and it’s a place for upper management to funnel investors money into there other business ventures. Its sad to hear that investors will never see there money again. It was such a GREAT idea that really never had a chance…Fighting over what types of desk to buy and who gets what department name was the main concerns from the start. Over paid people with CrAzY AIG type contracts that have never proved themselves from the start killed this before it ever had a chance to breath. BUMMER!
As someone that has worked closely with this company at the beginning as well as other companies under the same management, they work in very shady ways. To hear that they are failing is no surprise. It was a time bomb waiting to happen. I have always thought upper management equals …SHADY! We have heard unpaid employees call this place a goat rodeo of poor management, and it’s a place for upper management to funnel investors money into there other business ventures. Its sad to hear that investors will never see there money again. It was such a GREAT idea that really never had a chance…Fighting over what types of desk to buy and who gets what department name was the main concerns from the start. Over paid people with CrAzY AIG type contracts that have never proved themselves from the start killed this before it ever had a chance to breath. BUMMER!