Majesco Loses The Darkness, Ghost Rider

The company sells its publishing rights to both titles in a scramble for cash.

Source: IGN

December 13, 2005 – Majesco has sold two of its high profile projects — Ghost Rider and The Darkness — to another publisher, netting $8 million dollars during an financially rocky period for the company.

Developed by Climax, Ghost Rider is based on the Marvel property and upcoming film starring Nicolas Cage. Mafia-meets-dark mojo action title The Darkness, in the works at Starbreeze (Chronicles of Riddick), was one of Majesco’s forays into next-generation consoles.

Majesco did not disclose which publisher bought the title, but promises more details in a January 2006 conference call.

“As a result of the sale, the Company reduces its financial obligations and improves its capital structure,” Majesco said in its press release announcing the sale. “Additionally, this sale affords the Company added flexibility with which to pursue additional opportunities and execute initiatives related to its core business.”

Majesco’s recent financial troubles are mirrored by lukewarm performance of two flagship titles. Advent Rising met mixed reviews and relatively slow sales, while Tim Schafer’s Psychonauts tickled critics into happy accolades, but failed to shake many bellies at retail.

We’ll be back with more on the future of The Darkness, Ghost Rider, and Majesco itself as soon as details emerge.

The company sells its publishing rights to both titles in a scramble for cash.

Source: IGN

December 13, 2005 – Majesco has sold two of its high profile projects — Ghost Rider and The Darkness — to another publisher, netting $8 million dollars during an financially rocky period for the company.

Developed by Climax, Ghost Rider is based on the Marvel property and upcoming film starring Nicolas Cage. Mafia-meets-dark mojo action title The Darkness, in the works at Starbreeze (Chronicles of Riddick), was one of Majesco’s forays into next-generation consoles.

Majesco did not disclose which publisher bought the title, but promises more details in a January 2006 conference call.

“As a result of the sale, the Company reduces its financial obligations and improves its capital structure,” Majesco said in its press release announcing the sale. “Additionally, this sale affords the Company added flexibility with which to pursue additional opportunities and execute initiatives related to its core business.”

Majesco’s recent financial troubles are mirrored by lukewarm performance of two flagship titles. Advent Rising met mixed reviews and relatively slow sales, while Tim Schafer’s Psychonauts tickled critics into happy accolades, but failed to shake many bellies at retail.

We’ll be back with more on the future of The Darkness, Ghost Rider, and Majesco itself as soon as details emerge.