Telltale Games is coming to a rather unfortunate end after they revealed that they are going to stop producing any more video games. Dan Connors, Co-founder at Telltale discussed how things got to this stage for the iconic Minecraft developers. According to Connors, Telltale games was about to have a financial deal that could have saved them from destruction but after it did not go through there was no choice left.
Dan expressed in his interview with Variety:
The company was working diligently to close a round of financing. Unfortunately, when the last potential financial backer abruptly pulled out, we were left in a position where we had no choice but to stop production. Sadly, everyone was so focused on doing what was required to keep the company going that when the last potential partner backed out, there were no other options.
Until now there has not been any knowledge of the people behind this financial deal. However, Variety has been indicated that one of the financiers of Telltale Games was the reason this deal could not go through. The financiers of Telltale Games include Granite Ventures and IDG Ventures too but the Lionsgate Entertainment Studio is being suggested to have not let the deal happen. The member of the board of directors for Telltale Jon Feltheimer could be held responsible here as he is the Lionsgate CEO.
The Lionsgate CEO has been known to have had problems inside Telltale Games before ever since they invested in the video game company back in 2015. Overall the board of directors of Telltale has been troublesome in the past as well.
Connors acknowledged these obstacles that came in the way to stop Telltale from keeping their functions running:
“The process of building something that has meaning and touches people is the most fulfilling thing a creative person can do, but beware if you want to build a business: it is a perilous trip.”
On the other hand, despite the closure of Telltale Games, Netflix is still looking on to make the Stranger Things game.