Koch refutes PlayLogic debt

Distributor Koch Media has refuted accusations that it played a part in this week's downfall of Dutch publisher PlayLogic.

PlayLogic filed for the preliminary stages of receivership on Wednesday, alleging that part of the reason for this was an unpaid debt of €1.7 million owed to it by Koch - and pledging to take the dispute to court.

However, Koch CEO Dr. Klemens Kundratitz has refuted the debt entirely, also claiming that legal action had yet to ensue.

In a statement issued by Koch to the GamesIndustry.biz editorial team in Germany, he said: "It has come to our attention that in the last few days the publisher PlayLogic has sought protection under the Dutch bankruptcy laws.

"In connection with this we read with surprise that allegedly one of the contributions due to PlayLogic is a sum of 1.7m Euros owed to them by Koch Media and that the company has filed a court case against Koch Media.

"We therefore see the need to set the record straight: Koch Media did enter into a Pan-European Distribution Agreement with PlayLogic Entertainment, Inc. in June 2009 for several of their titles but we refute that we have any debts that are properly due.

"In contradiction to the recent news articles PlayLogic has not filed any formal legal action against us. In summary, PlayLogic's apparent statements concerning Koch Media are completely unfounded."

PlayLogic made a loss of $2.2 million in the first quarter of 2010, on top of a $20 million deficit accrued in 2009.