Current backers, Balderton Capital and Goldman Sachs, will also be chipping in some more to help with restructuring. Hang in there Codies!
Codemasters is the last UK-based independent videogames developer and publisher. Times Online reports that they’re ”close to securing a cash injection after expansion plans and tough trading left it short of money.” It was founded in 1986, with the founding brothers bought out in 2007 - Richard and David Darling.
The most recent releases from Codemasters have been Colin McRae DiRT2 and Operation Flashpoint: Dragon Rising. The past six months have seen their sales reportedly hit £100 million, compared to this time last year’s £70 million.
Does Codemasters make and publish a favourite game of yours, videogamer?
