Tag Archives: SouthPeak Interactive

After laying off a lot of staff members and being hit with a $7.35 million lawsuit by SouthPeak Interactive, TimeGate Studios has filed for Chapter 11 bankruptcy protection.

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SouthPeak Interactive has announced that Stronghold 3 has been pushed back from its original release schedule and will now launch “later this summer.”

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Southpeak’s latest trailer for Two Worlds II is more epic than anyone could ever have imagined. Ever.

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SouthPeak Interactive posted its Q3 revenues today showing a substantial Y-o-Y increase.

Revenues jumped from $2.2 million to $13.5 million, while profit rose $20,000 last year, to $289,000 this year.

“The successful execution of our business plan during the post holiday season is exemplified by our strong growth in the third quarter, with sales reaching USD 13.5 million,” said Terry Phillips, chairman of SouthPeak.

More over at GI.

SouthPeak has reported a 76 percent increase in revenue for the three month ending December 2008.

The period brought in $17.3 million compared to the same quarter in 2007, in which the company reported revenue of $4.2 million.

“We are very pleased with our solid financial results for the quarter,” said SouthPeak chairman Terry Phillips.

“We attribute the strong financial results to our diversified portfolio, tightly managed costs, and strict supervision of the retail channel and field inventory levels.”

SouthPeak said demand for DS’s My Baby contributed to the strong quarter.

With infamous formerly-indie publisher Gamecock now in the clutches of SouthPeak Interactive, it seems the Ken Levine-heckling group’s days of pranking and prodding are numbered.

SouthPeak CEO Melanie Mroz did little to allay this sentiment with a cryptic response to MTV Multiplayer’s query on the topic.

“[The Gamecock label’s future role] is still a work in progress. Lots of issues to resolve in terms of branding and such. Those discussions are on-going as we speak,” she said.

However, though Gamecock may be on the verge of its final cluck, its spirit will live on at SouthPeak.

“We have stated goals of finding independent developers with unique IPs and with Gamecock gracing the pages of newssites everywhere, it was pretty clear who shared our beliefs. And there isn’t anything to correct. Rather, we look to expand upon their efforts,” explained Mroz.

“As I have said all day, the independent game developer is the heart and soul of this industry and the fact one publisher joins another doesn’t change that… We do need innovation. Creative freedom. And respect for developers. Who can argue with that?”

Gamecock minus shenanigans equals Melanie Mroz. We imagine Gamecock might’ve actually done something other than piss people off if SouthPeak had commandeered the vessel sooner.

By Nathan Grayson