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James Bond game studio Eurocom closes doors

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007 Legends developer Eurocom has closed its doors, it has been confirmed.

Last month the Derbyshire-based developer reduced its workforce by 75%, retaining just 48 of its 200-strong workforce. However, the studio has now closed following a number of delayed contracts leading to a "severe" lack of finances.

007 Legends: Moonraker

© Activision



"Today Dean Nelson, from Midlands business advisory firm Smith Cooper, was appointed Administrator of Eurocom Developments Limited, who have been experiencing financial difficulties due to expected contracts being delayed, which has resulted in a severe cash flow shortage," read a statement sent to Eurogamer.

"Since 2008, there has been a steep decline in the sales of console and PC games, which has led to a severe contraction in the number of new games being commissioned from global publishers of entertainment software. The company has also faced intense competition from developers in countries with lower costs or those subsidised with generous games tax credits."

The statement continued: "As a result, the remaining 42 employees have been made redundant today and the business has ceased to trade after some 25 years, having grown organically to become one of the largest and most prolific independent console games developers worldwide.

"The Directors of Eurocom would like to offer their heartfelt thanks to all their staff that have been made redundant at this difficult time, and show their appreciation of all of their hard work in consistently delivering exceptional games."

007 Legends Moonraker screenshot

© Eurocom



Eurocom had originally planned to focus primarily on mobile development after it specifically cited a decline in the demand for console games as a contributing factor to its current predicament.

It most recently delivered 007 Legends, which celebrates 50 years of James Bond and features levels based on classic films including Goldfinger, Moonraker and Licence to Kill.

The game was poorly received by critics, however, and failed to make the all-format top ten in its first week on sale.

First established in 1988, Eurocom was known for its work on porting arcade and console titles, recently shifting to licensed properties such as the James Bond franchise.

The studio released Goldeneye 007: Reloaded last year and recently created Dead Space Extraction and Disney Universe.

> Read Digital Spy's '007 Legends' review: A licence to disappoint

Watch a trailer for 007 Legends below:

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