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<generator>Blogsmith http://www.blogsmith.com/</generator><item><title><![CDATA[Stargate Worlds studio faces cash flow issues]]></title><link>http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/</link><guid isPermaLink="true">http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/</guid><comments>http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/#comments</comments><description><![CDATA[<p>Filed under: <a href="http://massively.joystiq.com/category/sci-fi/" rel="tag">Sci-fi</a>, <a href="http://massively.joystiq.com/category/mmo-industry/" rel="tag">MMO industry</a>, <a href="http://massively.joystiq.com/category/new-titles/" rel="tag">New titles</a>, <a href="http://massively.joystiq.com/category/stargate-worlds/" rel="tag">Stargate Worlds</a>, <a href="http://massively.joystiq.com/category/news-items/" rel="tag">News items</a>, <a href="http://massively.joystiq.com/category/rumors/" rel="tag">Rumors</a></p><div align="center"><a href="http://massively.joystiq.com/category/stargate-worlds"><img hspace="4" vspace="4" border="1" alt="" src="http://www.blogcdn.com/massively.joystiq.com/media/2008/09/stargateworlds_b1_425.jpg" /></a></div>
Get ready for some dubious corporate drama. We were contacted by a tipster claiming to be a <a href="http://www.cheyenneme.com">Cheyenne Mountain Entertainment</a> employee. He or she alleged, among other things, that <a href="http://massively.joystiq.com/tag/cheyenne-mountain-entertainment">CME</a>/<a href="http://www.firesky.com">Firesky</a> is in critical financial condition -- that it has accrued a large debt, that massive layoffs are planned, and that the future of <a href="http://www.stargateworlds.com"><em>Stargate Worlds</em></a> might be in jeopardy. Knowing full well that potentially-scorned anonymous employees are rarely a wholly reliable source, we contacted the company and provided them an opportunity to comment.<br /><br />We were told that the tip was full of inaccuracies and overstatements. The official comment was this: "Cheyenne Mountain Entertainment is a start up, and like many start ups, we face the typical cash flow issues that all pre-revenue companies face. CME continues to fund its operations in the same way it has done for three years and the viability of the <em>Stargate Worlds</em> project is not in question. We fully expect to complete and ship <em>Stargate Worlds</em> in 2009."<p><a href="http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/" rel="bookmark">Continue reading <em>Stargate Worlds studio faces cash flow issues</em></a></p><p style="padding:5px;background:#ffffcc;border:1px solid #ffff99;clear:both;"><a href="http://massively.joystiq.com"><img src="http://massively.joystiq.com/media/feedlogo.gif" alt="Massively" style="float:left;padding:0 5px 5px 0;" /></a><a href="http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/">Stargate Worlds studio faces cash flow issues</a> originally appeared on <a href="http://massively.joystiq.com">Massively</a> on Thu, 18 Sep 2008 15:30:00 EST.  Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.<br style="clear:both;"></p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://massively.joystiq.com/forward/1317481/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://massively.joystiq.com/2008/09/18/stargate-worlds-studio-faces-cash-flow-issues/#comments" title="View reader comments on this entry">Comments</a>]]></description><category>breaking</category><category>business</category><category>cheyenne-mountain-entertainment</category><category>cme</category><category>debt</category><category>finances</category><category>firesky</category><category>kevin-balentine</category><category>layoffs</category><category>rumor</category><category>sgw</category><category>stargate</category><category>stargate-worlds</category><category>startup</category><category>statement</category><category>tip</category><category>tipster</category><dc:creator><![CDATA[Samuel Axon]]></dc:creator><pubDate>Thu, 18 Sep 2008 15:30:00 EST</pubDate></item></channel></rss>
