Woolfe: The Red Hood Diaries Studio Shuts Down


GRiN Multimedia, the studio that developed Woolfe: The Red Hood Diaries has shut down after it filed for bankrupty.

“It’s done, there is no way back. We tried, we failed,” writes Wim Wouters, founder of the studio. “The team is now dismantled and we have requested bankruptcy unable to pay outstanding bills.”

GRiN ran a successful Kickstarter campaign last year when the project drew in $72,139, surpassing its $50,000 goal.

“A cinematic fairy tale platformer for PC, full of drama and dark twists. Step into the boots of a vengeful Red Riding Hood,” its Kickstarter page reads. Despite the allure of its dark and gritty premise, Woolfe: The Red Hood Diaries met mixed reviews upon its release in March. The game holds a “Mixed” users review rating on Steam.

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Despite mixed reviews, there were backers awaiting the next part of Woolfe: The Red Hood Diaries. But the studio’s closure means the backers will no longer receive their tier rewards, even though they are ready to be shipped.

“All the backer stickers and letters of enlistment just need a stamp. All the poster sets printed, signed and ready. The artbook is ready to be printed, the soundtrack is ready for distribution, the DVD case is ready for production,” writes Wouters. “But we have literally no money whatsoever to pay for stamps, let alone print the artbooks and dvd-cases.”

In his blog post, Wouters says over-ambition, low sales of Woolfe, and lack of experience contributed to the downfall of his studio. The studio’s decision to go from 2D to 3D development without raising the budget was also a huge factor.

Woolfe: The Red Hood Diaries will not see its production completed. Wouters notes that Volume 1’s low ratings have probably discouraged publishers from taking on their project, but IP has been put up for sale nonetheless.

“[W]e still have loads of assets and we think it would be a shame to let them all go to waste,” writes Wouters. “Maybe there are other developers out there that would like to take a shot at making new volumes of Woolfe. Maybe they can achieve what we were unable to accomplish.”

Source: Woolfe: The Red Hood Diaries Blog

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