Extent Of Team Bondi’s Debt Revealed

By Matthew Bennett, Associate Editor
Posted on October 7, 2011 AT 06:50am

THE BUZZ: The extent of L.A. Noire developer Team Bondi’s debts have been revealed by the Australian Securities And Investments Commission.

(All figures are in Australian Dollars)

The studio owed creditors $1,425,156.78, with 33 staff members being owed $1,074,283.28 in unpaid wages and bonuses. Studio Head Brendan McNamara is owed $102,495.16, General Manager Vicky Lord is owed $99,155.21 and Gameplay Lead David Heironymous $43,652.

A liquidator has been appointed to the company who will handle the sale of the companies remaining assets and paying of debts.

EGM’s TAKE: It’s sad to see a company who made such a great game suffer the way it has, hopefully the same fate will not befall other developers who are willing to try something bold.

What was your opinion on L.A. Noire? Leave your thoughts below.

Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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