Usually, when a great game hits big, the developers are toasting their success with champagne.

But amidst continuous rumors that L.A. Noire developer Team Bondi are under investigation for pushing employees too hard, another unfortunate report has arisen.

According to an inside source (as cited by Develop ), game IP and any remaining assets owned by the Sydney studio have been sold off, and the staff has been given an option of severance pay or a new job at Kennedy Miller Mitchell. The aforementioned assets have been transferred to the latter company (KMM). The news now is that Team Bondi is "in administration" or essentially, bankrupt…and nobody wants to hear that. We have heard that studio boss Brendan McNamara has already accepted a job at KMM, amongst other former Team Bondi employees.

But if you were wondering, Rockstar owns the L.A. Noire IP so this news won't affect that. And I suppose it's a silver lining to say former employees have a job waiting for them, but this isn't really the ending anybody hoped for after L.A. Noire wowed the gaming world.

Related Game(s): L.A. Noire