Playlogic Entertainment

Playlogic Entertainment NV was a company active in mobile gambling and console publishing, established in 2002.

Playlogic Entertainment, Inc
TypePublic
OTC Pink: PLGC
IndustryVideo games
Founded2002
Defunct2010
Headquarters
Amsterdam
,
The Netherlands
ProductsFairytale Fights
Xyanide
Xyanide: Resurrection
Worldshift
Age of Pirates: Caribbean Tales
Age of Pirates 2: City of Abandoned Ships
ObsCure II
Infernal
Aggression
Aliens in the Attic
World Racing 2
Knights of the Temple II
Gene Troopers
Airborne Troops
Cyclone Circus
Pool Hall Pro
Vertigo
Red Bull BC One
Ancient Wars: Sparta
Stateshift
Building & Co
Alpha Black Zero
Dimensity
Sudoku Ball Detective
Dragon Hunters
Simon the Sorcerer 4
The Endless Days of Luckless John
Number of employees
110, with 300+/- external development staff (2010)
Websitewww.playlogicgames.com
Playlogic Entertainment N.V.
IndustryMobile gambling and console publishing
Founded2010
Defunct2014
Headquarters
Amsterdam
,
The Netherlands
Websitewww.playlogicgames.com

Their gaming and gambling products are Fun Play and Real Play, handled by Microgaming Ltd. The company operates their Real Play components under a Maltese gambling license. Their other products include video game software for Sony, Microsoft, Nintendo and Apple.

History

Formed in 2010, Playlogic Entertainment NV is a continuation of Playlogic International NV, which was established as a traditional console video game publisher. After restructuring, the company continued with the same management team and several key employees.

The restructured company completed the acquisition of mobile gaming and gambling company WannaGaming International BV in 2011. WannaGaming was founded 4 years prior to the acquisition. WGM Ltd. on Malta, using brand name WannaGaming, has a long-term partnership with market leader Microgaming Ltd. for all mobile gaming and gambling products, banking services and 24/7 international help desk services. The company operates under a Maltese gambling license. WGM Ltd. on Malta is a 100% subsidiary of Playlogic Entertainment NV. Playlogic Entertainment NV continues to provide all required services to developers for release of their games on current game consoles.

Restructuring

Playlogic Entertainment, Inc. was listed on the 'OTCBB' in New York, (ticker symbol: PLGC) as of June 2005 and was fully compliant and completed all SEC required filings until Q1 2010. The stock is currently pink sheet and Playlogic Entertainment Inc. has been renamed Donar Ventures.

Playlogic International N.V. was a full subsidiary of Playlogic Entertainment, Inc. and was based in Amsterdam, the Netherlands. Playlogic published a variety of games developed internationally but also through their in-house production facility, Playlogic Game Factory BV.

Together Playlogic represented a work force stronger than 110 who were responsible for Distributing, Selling, Licensing, PR & Marketing, publishing and Product Development.

In 2009, Playlogic Games were pleased to see the launch of the largely anticipated Fairytale Fights, which was developed in house by Playlogic Games Factory and published by Playlogic International NV.

PlaylogicGame Factory: Based in Breda (the Netherlands) was one of the most modern and advanced contemporary development studios with a team of circa 80 people developing a number of titles on several platforms.

Bankruptcy and restart

On Tuesday 27 July 2010 rumours started to surface around Playlogic about a possible bankruptcy, after a few years of struggling with major losses and new games failing to bring in new cash.[1] Wednesday 28 July 2010 the rumours have been confirmed by a filing at the US Securities and Exchange Commission. This filing revealed that the company had voluntarily entered into 'surseance van betaling', the Dutch equivalent of Chapter 11.[2]

On Wednesday 4 August 2010, the court declared Playlogic officially bankrupt. Later that year Playlogic Entertainment N.V. relaunched with some of the original staff, taking a focus on publishing already made games on digital platforms and gambling related games.[3] In December 2014 Playlogic went bankrupt again.[4]

First-party development for Sony

Playlogic Game Factory also worked as a First Party contractor for Sony Computer Entertainment Europe (SCEE). This relationship was continued for 4 years in which Playlogic Game Factory developed 5 products that were published by Sony Computer Entertainment Europe. These games were Eyepet, Eyepet Move Edition, Pom Pom Party, Aqua Vita and Mesmerize I&II. These titles used either the PlayStation 2 EyeToy camera or the PlayStation 3 Eye Camera.

The company's principal sources of revenue were derived from publishing operations. Playlogic owned most of the intellectual property they published.

References
  1. "Nederlandse gameontwikkelaar Playlogic stevent af op faillissement". Tweakers.net. 27 July 2010.
  2. "Playlogic files for bankruptcy". gamsindustry.biz. 28 July 2010.
  3. "Beleaguered Playlogic relaunches company, focusing on digital releases". Joystiq. 22 December 2010.
  4. "Gamesbedrijf Playlogic (weer) failliet". RTL Nieuws. 3 December 2014.
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