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Empire enters administration

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Empire, as expected, has gone bust.

The publisher's properties have been sold to New World IP in the US, and its 49 staff have been laid off.

Administrator KPMG Restructuring has been appointed to wind down the company and is not seeking to sell the business.

"Despite the fact that the gaming industry has been relatively unscathed by the current recession, trading losses, development spend and a delay in recent new product approval had a fatal impact on the Empire's cash flow," said KPMG's Ian Corfield.

"We are not looking to sell the business as a going concern and are effecting an orderly wind-down of Empire's operations."

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Patrick Garratt avatar

Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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