Cing Files for Bankruptcy

by Pedro Hernandez, Staff Writer - March 8, 2010 - 5:55 P.M.
Total Comments: 20

The creators of Nintendo's Hotel Dusk and Trace Memory suffer financial troubles in Japan.

On March 1, developer Cing began the process of declaring bankruptcy in Japan. The company currently lists a debt of 256,000,000 yen (2.5 million USD), and their case is being handled by Japanese legal firm Mihoko Kido.

Cing is best known for creating the DS titles Hotel Dusk: Room 215 and Trace Memory. They also produced a Wii sequel to Trace Memory (released in Japan and Europe, but not the Americas), and co-developed Little King's Story for Wii along with Town Factory. Their last DS titles, Hotel Dusk sequel Last Window: Midnight Promise and Again: Eye of Providence, will be released later in the year.

Talkback

NinGurl69 *huggles March 09, 2010

Give me a name so I can BLAME!

LuigiHann March 09, 2010

They never released the Trace Memory sequel in the US did they? I would have bought that one :(

Quote from: NinGurl69

Give me a name so I can BLAME!



Nintendo.

NinGurl69 *huggles March 09, 2010


KELLI IS NOT PLEASED WITH NINTARDO

MoronSonOfBoron March 09, 2010

Insert snarky comment about third parties on Nintendo systems.

Quote from: MoronSonOfBoron

Insert snarky comment about third parties on Nintendo systems.



Except they were almost a second party to Nintendo with a lot of titles, including the Nintendo embraced Hotel Dusk and Trace Memory, being Nintendo exclusive.

Chozo Ghost March 09, 2010

Another company (Nintendo, for example) could just pay off their debt and then basically own them. Why not?

Quote from: NWR_pap64

Quote from: MoronSonOfBoron

Insert snarky comment about third parties on Nintendo systems.



Except they were almost a second party to Nintendo with a lot of titles, including the Nintendo embraced Hotel Dusk and Trace Memory, being Nintendo exclusive.



There you go.

BlackNMild2k1 March 09, 2010

Quote from: Chozo

Another company (Nintendo, for example) could just pay off their debt and then basically own them. Why not?



Because even with Nintendo support they still haven't made any money.

Stratos March 09, 2010

Nintendo could always buy those properties if they wanted.

Chozo Ghost March 09, 2010

Quote from: BlackNMild2k1

Quote from: Chozo

Another company (Nintendo, for example) could just pay off their debt and then basically own them. Why not?



Because even with Nintendo support they still haven't made any money.



But it is a 3rd party that has given a quality effort behind its support for the Wii. That isn't something that grows on trees, you know. It makes it all the more sad that they're failing...

Stratos March 09, 2010

It's sad because a number of these games were on the back log of 'to buy'. I got King's Story right away and would have gotten Another Code R if it came out, but the others kept getting pushed back on my buy list for new games.

mac<censored> March 09, 2010

Did they really not make money...?

They always seemed like one of the more well-known devs -- people certainly talked about their games, especially on the DS, and they had a fair number out -- and the genres  they worked in don't seem particularly resource hungry.  What went wrong?

SixthAngel March 09, 2010

Quote from: mac

Did they really not make money...?

They always seemed like one of the more well-known devs -- people certainly talked about their games, especially on the DS, and they had a fair number out -- and the genres  they worked in don't seem particularly resource hungry.  What went wrong?



I think they are just a really small developer.  2.5 million seems like chump change compared to other companies.  They even still have two titles coming out this year.

UncleBob March 09, 2010

2.5 Million?  Really?  That's it?
Think I can come up with 49,999 other Americans who want Another Code R released in the US?  I'll gladly donate $50 to the Save Cinq fund.  Who's with me?

BlackNMild2k1 March 09, 2010

If only they received all 50 of the $50, then that might be an achievable goal.
You will need at minimum double that 50k people, if not 2.5x the amount.

NinGurl69 *huggles March 09, 2010

It's Nintendo's efforts that led to their non-games' successes.

It's Nintendo's fault for putting in non-effort, sending real games to die.

Stratos March 09, 2010

Quote from: mac

Did they really not make money...?

They always seemed like one of the more well-known devs -- people certainly talked about their games, especially on the DS, and they had a fair number out -- and the genres  they worked in don't seem particularly resource hungry.  What went wrong?



I wonder if they just didn't manage themselves well enough. Didn't King's Story take over 2 years to come out? Two years with the small return they got would have hurt almost any company.

UncleBob March 10, 2010

Quote from: BlackNMild2k1

If only they received all 50 of the $50, then that might be an achievable goal.
You will need at minimum double that 50k people, if not 2.5x the amount.



i wasn't thinking of the donations being for copies of AC-R - I was thinking they'd be in exchange for them arranging for it to be released here.  You'd still have to buy a copy. ;)

BlackNMild2k1 March 10, 2010

Quote from: UncleBob

Quote from: BlackNMild2k1

If only they received all 50 of the $50, then that might be an achievable goal.
You will need at minimum double that 50k people, if not 2.5x the amount.


i wasn't thinking of the donations being for copies of AC-R - I was thinking they'd be in exchange for them arranging for it to be released here.  You'd still have to buy a copy. ;)


Who is gonna do that?
If I donate $50 to them than they should give me a free copy of the game and bypass all the money draining, hand in the pot, piece of the pie snatching channels.

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