Stargate Worlds Studio Looses Licence

Stargate Worlds” was announced as an upcoming MMO from Cheyenne Mountain Entertainment back in 2006, thanks to a deal with MGM Studios. Despite winning a court fight over SG assets, however, CME has lost their license to develop anymore SG games. They managed to rush out “Stargate Resistance,” but “Worlds” doesn’t look like it’s going to be quite as fortunate.

 

MGM has terminated the license they granted to CME in 2006, according to an East Valley Tribune report. The development comes as a blow amid many other struggles for the Arizona-based company, who just won a court ruling agreeing that they could reclaim SG assets for both “Worlds” and “Resistance.” The ruling came in response to a fraud complaint CME investors filed against Dark Comet Games and Fresh Start Studios, which were formed by ex-CME employees to continue developing their SG projects. All of this has occurred under the shadow of CME’s own bankruptcy procedures.

MGM issued a notice of termination on November 3, Cheyenne Mountain chairman and CEO Gary Whiting told the EVT. They’ve famously had there own bankruptcy troubles to deal with, which have impacted both the development of Peter Jackson’s “Hobbit” movie and the James Bond franchise.