CDV Software explained

CDV Software Entertainment AG
Type:Aktiengesellschaft
Foundation:1989
Founder:Wolfgang Gäbler
Location:Bruchsal, Germany
Industry:Video games
Num Employees:Around 100[1]
Dissolved:2010

CDV Software Entertainment AG (formerly CDV Software GmbH, stylized as cdv) was a German publisher of video games founded 1989 in Karlsruhe. In April 2000 CDV became a Frankfurt stock market traded company.[2] In the beginning of the 2000s, CDV was the biggest German publisher in the German video game market. As of the 2006 annual financial statements, the company also reported balance sheet over-indebtedness of EUR 1.9 million, which is, however, covered by a subordinated loan taken out in 2005 in the amount of EUR 3.8 million.[3] The company's financial position is based on a balance sheet of EUR 1.9 million. They opened a UK office in 2008.[4] In 2010, VG247 reported that they filed for preliminary insolvency when SouthPeak Games failed to pay a settlement.[5] After only a few employees were still working in the company and the share price had been tumbling for some time, CDV filed for bankruptcy on 12 April 2010.[6]

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Notes and References

  1. Web site: cdv Company Profile . cdv.de . https://web.archive.org/web/20041207231056/http://www.cdv.de/index.php?sid=en030000 . 2004-12-07.
  2. Web site: CDV Software Entertainment AG Geschäftstätigkeit, Finanzanalyse, Ausblick und Historie - boersen-zeitung.de . 2015-05-29 . 2015-05-30 . https://web.archive.org/web/20150530003657/https://www.boersen-zeitung.de/index.php?li=70&l=0&isin=DE000A0MF053&portrait=LANGPROFIL . dead.
  3. Web site: 2007-01-14 . Wayback Machine . 2022-11-13 . https://web.archive.org/web/20070114011200/http://www.cdv.de/download/share/JA3Q-06-D.pdf . 2007-01-14.
  4. Web site: cdv Software opens UK office. Martin. Matt. Gamesindustry.biz. 2008-07-22. 2014-12-16.
  5. Web site: cdv Software files for preliminary insolvency. Nunneley . Stephany . . 2010-04-15 . 2014-12-16.
  6. Web site: DGAP-Adhoc: cdv Software Entertainment AG: Insolvenzantrag . 2022-04-28 . FinanzNachrichten.de . de.