L.A Noire developer Team Bondi has gone into administration, according to a new report.
SmartCompany reports that, according to documents filed with the Australian Securities and Investments Commission, Riad Tayeh and David Solomons of de Vries Tayeh were appointed as joint administrators of the company on August 30.
It was rumoured a few weeks ago that Team Bondi was selling assets and intellectual property to filmmaker George Miller’s studio KMM, the same team currently working on the movie-tie in, Happy Feet 2, however KMM has refused to comment, so at the moment this situation still remains unclear.
Team Bondi was founded in 2003 by Brendan McNamara, however claims of poor working conditions and complaints of ex-employees not being included in the title credits to L.A Noire had dented the studios reputation so much that it prompted the International Game Developer’s Association to launch an investigation.
Subsequent reports indicated that Rockstar would not be publishing Team Bondi’s next title, leaving the studio with nothing but a bad reputation and no publisher. This is when its real troubles began.
We hope those affected find a new role, it seems a shame that such a talented team has to be broken up.