Factor 5's US studio has officially closed its doors for the final time after the downfall of Brash Entertainment.
The company's official website today posted an update confirming the closure, after financial issues and the fairly lukewarm performance of recent project, the PS3 exclusive Lair.
Fortunately the company's main studio Factor 5 GmbH is still open for business, and will be working with "old friends" on new projects to be revealed in coming months.
We are sorry to announce the closure of the San-Rafael-based Factor 5, Inc. studio, but the obstacles created by the sudden bankruptcy of Brash Entertainment for the continuation of operations have turned out too great to overcome in the current economic climate.Factor 5 GmbH, which has been creating games since 1988 with its headquarters in Cologne, Germany, is entirely unrelated to Factor 5, Inc. and the circumstances surrounding Factor 5 Inc's recent challenges.
Although we are saddened by Factor 5, Inc's situation, our corporation will remain unaffected by these developments and has partnered with both old and new friends in the industry who will reveal our upcoming projects over the next months.
We would like to thank everybody on the publishing and development side who have supported us throughout the last 20 years and continue to do so.