Fall Damage, the studio founded by DICE veterans, has gone bankrupt
The Swedish holding company Fragbite Group has filed for the bankruptcy of the Fall Damage studio. It reported that the developers found themselves in dire financial straits because they were unable to find a publisher for the free-to-play shooter Alara Prime.
Alara Prime
According to Fragbite Group, the studio presented the game to numerous companies. Although Alara Prime received praise, no one agreed to sign a publishing contract. Currently, Fall Damage continues to work on Alara Prime and communicate with publishers, but Fragbite Group does not believe in the success of the negotiations or the studio's ability to settle its debts within the set time frame.
The exact amount owed by Fall Damage has not been disclosed. Last fall, the studio mentioned that 180 million Swedish kronor (16.85 million dollars) had been invested in Alara Prime.
Fall Damage was founded in 2016 by one of the DICE co-founders Markus Nyström, along with three of his colleagues. The studio became part of Fragbite Group in October 2023.
