Bankrupt Cheyenne offloads Stargate shooter
Shareholders buy rights in effort to keep game running
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Bankrupt US developer Cheyenne Mountain Entertainment has called in the receivers and offloaded its shooter, Stargate: Resistance to new start-up Fresh Start Studios.
Fresh Start, which has been set up by Cheyenne shareholders, acquired the game for $100,000 and has $200,000 to continue to run the online game, which launched in February.
Cheyenne currently has no employees and is crippled with debt – it owes staff over $1.1 million in wages, $3 million in taxes, $2 million to creditors, is being sued for over $10 million, and filed for bankruptcy protection in February.
The studio was working on a massively multiplayer game based on the Stargate series at the time it went bust.