Cryo Interactive

Cryo Interactive Entertainment was a video game development and publishing company founded in 1992, but existing unofficially since 1989 as a developer group under the name Cryo.

By July 2002, not long after Frank Herbert's Dune flopped, the value of Cryo shares had plummeted and the financial situation of the company, who had closed its North American branch Cryo Studios the year before, was no longer sustainable. Cryo failed to negotiate a deal with its creditors, consequently filing for insolvency and making over 80 percent of its workforce redundant. Subsidiary Cryo Networks ceased operations shortly thereafter, leaving its then-ongoing projects DUNE Generations and Black Moon Chronicles: Wind of War unfinished. In October 2002, the parent company was put on liquidation, but subsequent negotiations ultimately caused DreamCatcher Interactive to absorb most of its assets and development teams, thus forming the base for DreamCatcher Europe.

Subject ID: 41874

More

Cryo Interactive Entertainment was a video game development and publishing company founded in 1992, but existing unofficially since 1989 as a developer group under the name Cryo.

By July 2002, not long after Frank Herbert's Dune flopped, the value of Cryo shares had plummeted and the financial situation of the company, who had closed its North American branch Cryo Studios the year before, was no longer sustainable. Cryo failed to negotiate a deal with its creditors, consequently filing for insolvency and making over 80 percent of its workforce redundant. Subsidiary Cryo Networks ceased operations shortly thereafter, leaving its then-ongoing projects DUNE Generations and Black Moon Chronicles: Wind of War unfinished. In October 2002, the parent company was put on liquidation, but subsequent negotiations ultimately caused DreamCatcher Interactive to absorb most of its assets and development teams, thus forming the base for DreamCatcher Europe.

Subject ID: 41874

Less