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Report – AU$1 million owed by Team Bondi

Friday, 7th October 2011 11:19 GMT By Johnny Cullen

According to an Edge report, staff at Team Bondi were owed as much as $1 million.

Documents filed with the ASIC (Australian Securities And Investments Commission) showed that $1,425,156.78 (£900,051) was owed altogether to creditors with 33 staff working at the LA Noire studio owed $1,074,283.28, including founder Brendan McNamara for $102,495 and studio GM Vicky Lord, who was due $99,155.

$43,652 is also owed for lead gameplay designer David Heironymus, who defended the studio in an open letter in August following claims of horrendous crunch and working conditions whilst working on the game. Another staffer, Charles Lefebvre, is owed $19,120.

Biggest of all, though, is $145,795 meant to be owed for DepthAnalysis, the company founded by McNamara which provided LA Noire’s famous MotionScan technology.

More money is also owed towards corporate creditors and accountants tied to the studio.

Liquidators have now been brought in to fully close the studio.

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5 Comments

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  1. TNblues

    Makes you want to run out and buy the PC version knowing this. (NOT)

    #1 3 years ago
  2. Yoshi

    How much did the game actually sell?

    #2 3 years ago
  3. Hunam

    Dunno, don’t think that’s much of the issue though. Rockstar ploughed a lot of money into it but Team Bondi were expected to get other backers for a new game right away or to be bought by Rockstar so they bet the farm and spent way too much money making a game, probably more than they should have, when things didn’t work out afterwards then they end up here.

    #3 3 years ago
  4. YoungZer0

    Rockstar should have bought Team Bondi and fired McNamara.

    #4 3 years ago
  5. blackdreamhunk

    oh this why the game is coming to pc now the real truth comes out.

    #5 3 years ago