MotoGP developer Monumental Games has officially been shuttered, and will be dissolved by the end of the year. Its assets are up for sale, which include a proprietary MMO game engine called Prime. This development was not unforeseen, as last month the developer ceased normal business operations.
Monumental Games, which is based in the UK, had suffered two years of staff reductions and canceled projects. When the company lost its bid to develop the Transformers MMO in 2010, for which Prime had been a bargaining tool for, the company's fate was essentially sealed. In January 2011, the studio underwent a CEO switch, with co-founder Rik Alexander handing the duties to Nick Wheelwright.
According to the company, there are "several parties" interested in buying its IP's, including the successful MotoGP license, along with the Prime engine and office supplies.