Stargate Resistance sold off, developer all but dead

It appears the sun has set on Stargate developer Cheyenne Mountain Entertainment.

Following reports of financial woes going back almost a year and the Chapter 11 bankruptcy filing last month, the studio has now lost control of Stargate Resistance, its team-based third-person shooter.

In light of the company having less than $10,000 on its back account but debts, liabilities and obligations of ~$16 million, including $1.1 million in payroll wages, control of the title has been taken over by Fresh Start Studios, a new company formed by Cheyenne shareholders which will continue to operate and support the download-only game.

Resistance was released last month in the hopes of getting financially back on track and was meant to act as a trust-building exercise between the developer and its fans.

Cheyenne’s and their Stargate Worlds MMO’s future is bleak; “game development has ceased,” informs a release on the studio’s current situation. The company owes $35,000 in rent and, as indicated by their landlord, will be locked out of their offices at midnight March 31st.

The company begun vacating the premises on Thursday.

YOU MIGHT ALSO LIKE: