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this post was submitted on 15 Aug 2023
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Classic gaming industry IP theft. Investors underhandedly forced the founders/developers out of their own company and stole the IP.
How do you "steal" an IP?
Guy comes into the company and uses illegal, fraudulent methods to take it over. He then demoted the co-owners (and founders) to mere "employees" so they could be fired. The plan was to then sell the company to a big publisher and walk away with all the money.
Ok... But I still not quite get how you take the company over with il·legal, fraudulent methods.
There's a bunch of articles and videos that go over how it happened. It's not too different from what happened to Interplay back in the day. Here's one overview: https://www.youtube.com/watch?v=k7Xu4GvpN9U
Bought the company/ip then didn’t keep original owners on