Those following the news surrounding development of sci-fi MMO Black Prophecy from Reakktor Media know there's been a significant hurdle to this title seeing the light of day -- the issue of insolvency. When parent company 10Tacle filed for insolvency, this adversely impacted subsidiary Reakktor Media and threatened continued development of Black Prophecy, which Reakktor addressed in an interview with Massively in April.

It was announced today that their restructuring plan has been successful, and that their insolvency plan saved the jobs of all 36 employees at the company. Even better, Black Prophecy is on track for a release next year, according to the press statement released by the HERMANN law firm which oversaw the insolvency proceedings.

Continue reading Reakktor Media financial woes resolved, full speed ahead for Black Prophecy

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Reakktor Media financial woes resolved, full speed ahead for Black Prophecy originally appeared on Massively on Fri, 06 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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