GameSpot is
reporting that
Castaway Entertainment needs immediate funding or the studio, which is composed of several ex-Diablo developers, will have to close.
While sales figures show the US gaming industry has weathered recent economic uncertainty well, analysts have warned that no industry can be considered truly recession-proof. Evidence of that can be seen in the fates of Perpetual Entertainment, Iron Lore Entertainment, and Stormfront Studios, all of which have closed up shop or suspended operations since the beginning of the year.
Another name can be added to that list of developer casualties, as Castaway Entertainment president Michael Scandizzo told GameSpot today that his studio was suspending operations due to financial troubles.
"If somebody came in tomorrow and said, 'Here's a whole bunch of money. Can you get back up and running,' then Monday we could be back up and running," Scandizzo said. "But a couple of weeks from now, as we slowly wind down, there will be a point by which we will not be able to get back up and running."
At the conclusion of the report, GameSpot points to
a YouTube video showing off gameplay footage from Djinn, the previously unnamed action RPG the team has been working on over the past few years. It looks like it has potential, actually.
Castaway Entertainment in Trouble, Djinn Revealed 
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