Realtime Worlds Studio May Close Soon

APB and Crackdown developers enters administration.

Realtime Worlds, developers of APB and Crackdown, it has been revealed, have gone into administration.  This basically means that if they cannot find an investor soon to help out the troubled studio, it may close its doors for good.

Just last week the company 'restructured' the staff and made the entire development team of Project: MyWorld redundant. It appears now that the efforts were in vain as the doors have closed on the Dundee-based company's Colorado studio. Representatives from the company and administratvie receiver Begbies Traynor have confirmed the news.

Realtime Worlds have also slashed its remaining staff to just forty. Joint administrator Paul Dounis realeased the following:

"[Realtime Worlds] has gone into administration in the face of lacklustre demand for its latest online 'cops and crooks' game APB: All Points Bulletin. We are currently involved in a consultative process with the 200 staff employed in Dundee. Our intention is to continue trading the company while we attempt to find a going concern buyer which will safeguard the future of the business."

Some forty members of staff from the US branch are being employed by the administrators to assist in selling the business.