Kaboom Studios Explained

Kaboom Studios Limited
Former Name:Geoff Brown Holdings Limited (1997–2000)
Type:Private
Industry:Video games
Fate:Receivership
Founder:Geoff Brown
Hq Location Country:England
Key People:Geoff Brown

Kaboom Studios Limited (formerly Geoff Brown Holdings Limited) was a British holding company established by Geoff Brown in January 1997 to pursue video game development investment.

History

In December 1996, Geoff Brown acquired a 75% stake in Silicon Dreams Studio for at least .[1] Silicon Dreams Studio was founded by Brown in March 1994, as in-house development team for his publishing company, U.S. Gold, until the entire CentreGold umbrella (including U.S. Gold and Silicon Dreams) was sold to Eidos Interactive in April 1996.[2] In January 1997, Brown also acquired Attention to Detail, and opened Geoff Brown Holdings to manage the majority ownerships in the two studios.[3] A motion capture studio, Audiomotion, was established under the Geoff Brown Holdings umbrella in 1997,[4] and Pivotal Games, another developer, was acquired by the company in August 2000.[5]

In 2003, Kaboom Studios faced major financial issues, resulting in the closure of Attention to Detail and Silicon Dreams Studio on 28 August 2003 and 3 September 2003, respectively.[6] [7] Meanwhile, Audiomotion's Mick Morris performed a management buyout for the company, in order for Audiomotion to "reboot" itself and avoid closure.[8] Kaboom Studios went into receivership on 9 September 2003,[7] with all assets being transferred to Ernst & Young, of which the still-active Pivotal Games was put up for sale.[9] On 29 September 2003, SCi Games acquired Pivotal Games from Ernst & Young for a total of .[10]

Notes and References

  1. Web site: SILICON DREAMS TO BE 75% ACQUIRED BY NEW FIRM . www.telecompaper.com . 4 June 2017.
  2. Web site: "It felt like robbery": Tomb Raider and the fall of Core Design . arstechnica.com . 4 June 2017.
  3. Web site: Geoff Brown. . . https://web.archive.org/web/19980117081559/http://www.atd.co.uk/gbrown.htm . 17 January 1998 . dead.
  4. Web site: Moving On Up . gamesindustry.biz . 4 June 2017.
  5. Web site: History . Pivotal Games . https://web.archive.org/web/20010428221730/http://www.pivotalgames.com/html/about_us/history/historyright.htm . 28 April 2001 . dead.
  6. Web site: ATD goes to the wall; Kaboom in crisis? . gamesindustry.biz . 4 June 2017.
  7. Web site: Kaboom goes into receivership; Pivotal for sale . gamesindustry.biz . 4 June 2017.
  8. Web site: Audiomotion MD Mick Morris leaves after 17 years . mcvuk.com . 28 September 2017.
  9. Web site: SCi acquires Pivotal Games . Justin . Calvert . 19 February 2004 . gamespot.com . 4 June 2017.
  10. Web site: SCi buys Pivotal . Tom . Bramwell . 29 September 2003 . eurogamer.net . 4 June 2017.