Spanish Game Development Studio Virtual Toys have announced that they are entering the first stages of Bankrupcy. After announcing an Employment Regulation (ERE) last July which made 50 workers lose their jobs. It is rumoured that their latest game Pirates: Treasure Hunters for the PS4 & PC is the possible cause of the companies decline due to it’s poor reception by the public and is not helped by the heavy investment made by the company which they have yet to see a profitable return.

The studio was founded in 1995 by Fabriciano ‘Fani’ Bayo and currently has offices in San Sebastián de los Reyes (Madrid) and Barcelona. The studio was behind a few projects which saw release on the first Nintendo DS and Wii systems, most notably was their Imagine Series and Horsez which were published by UBISOFT. Another known title of theirs was Spaceball Revolution which was downloadable as a DS Ware and Wiiware title for their respective platforms.

It is a great shame to see the rise and fall of Videogame companies, especially when they have dedicated their time and effort for the enjoyment of others, only to have what they have built up to be ripped away from them. The Videogame Market is a tricky business and us gamers can surely be a tricky lot to please all the time.

Special Thanks To Adrian Vega of Ratalaika Games for the tip!

Source: IGN.es

By Mike Scorpio

I am Chief Administrator for Miketendo64.com A news & reviews website for Nintendo related articles and merchandise. An intermediate gamer with over 20 years of experience spanning 4 decades and 4 generations of Nintendo Games Consoles From the NES up to the Wii U. I also manage our YouTube Channel where I post videos frequently ranging from Let's Plays, Unboxings, Let's Talk Abouts, Our Wii U Lv1 Playthrough Series and the Super Mario Maker Bros Show! and a whole lot more, we even have our own Miketendo64 Directs!

One thought on “Virtual Toys To Enter Bankrupcy”
  1. Bad games make for bad publicity towards your company. Bad publicity may be better than no publicity, but it will certainly hurt your business in the long run!

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