Hellgate: London Receives Additional Financing; Flagship Uses Sales Rights As Loan Collatoral
Comerica Bank stated that it is using an independent film financing model as the basis for a multi-million dollar financing package, which is backed by the sale and distribution rights for Hellgate: London.
"By following a model similar to independent film financing, we are able to directly finance ongoing content for our online games without relying upon a publisher's investment," said Flagship business development director Steve Goldstein.
He added, "As the PC game business makes the transition from the boxed retail model to the online model, alternative financing will become a cornerstone of expanding the industry."
I hope they can manage some sort of re-release now that a lot of issues have been worked out, but this isn't look too good for them.