Swedish publisher Starbreeze has found itself in troubled financial waters recently and today's announcement further shows that not all is well with the company.
Gamesindustry.biz reports that the company's CEO, Bo Andersson Klimt, has resigned and stepped down from the board of directors, with Deputy CEO Mikael Nermark stepping in to take the reins. The company has also filed for "reconstrcution" with the Swedish courts, in an attempt to stay afloat.
"The decision is based on a shortage of liquidity and deemed to be a necessary step to give the Company the time needed to negotiate a long-term financial solution and implement changes in the organization and operations. The financial targets for Q4 2018 and 2020 no longer applies.", Starbreeze said in a statement.
The silver lining to this is that the "reconstruction framework" will allow employees to receive their salaries and operations to continue as usual.
After finding success with co-op shooter Payday 2, the publisher's most recent release, OVERKILL's The Walking Dead, failed to replicate it. Reactions were mixed, sales were lower than expected, and, not long after release, a Starter Edition was made available for half the price of the full game.