Telltale's death knells continue to ring as the studio's games are pulled from Steam
Despite stating the contrary, Telltale Games is indeed closing up shop permanently. The process seems to be happening sooner than expected; the studio has already begun to pull down some of its titles from Steam.
As GameDaily reports, Telltale has already begun the process of liquidating its assets to appease creditors through assignment proceedings. Assignment differs from bankruptcy in a few ways. Primarily, assignment indicated that the company will be able to pay off and creditors with cash on hand or through the sale of assets. However, the end result is much the same; the company will shut down.
Possibly due to the sale of assets, certain Telltale titles are no longer available on Steam. Back to the Future, Jurassic Park, and Tales of Monkey Island have all been removed from the platform. Interestingly, some of the studio’s larger games are still available for purchase. Game of Thrones, The Walking Dead, and Minecraft: Story Mode are all still up and running. Telltale has struck a deal with Skybound Games, co-founded by The Walking Dead creator Robert Kirkman, to finish the last chapter of The Walking Dead episodic series of games.
There’s quite a bit more disappointing news surrounding Telltale. For one, the company will terminate the COBRA post-employment insurance it is required to offer employees that were laid off at the end of November, meaning that the company has no cash left to fund COBRA. Telltale CEO Pete Hawley has deleted or hidden his Twitter account. A former employee is suing Telltale in California state and federal court for mishandling the layoffs. Any way you cut it, Telltale and its former employees have a steep uphill climb just to get out the hole they’ve fallen into.