Skybound Game Studio is being sued by indie organization iam8bit for fraud and breach of contract, including theft of original designs. The president of Skybound Entertainment, the parent company of Skybound Game Studios, is Robert Kirkman, known for creating original comic books. the walking deadWe have contacted Skybound for comment on the lawsuit but have not received a response by the time of publication,
iam8bit is a video game creator as well as a business operation selling vinyl soundtracks and other geek gear. The company partnered with Skybound Game Studios in April 2021. Since then, iam8bit alleges that Skybound operated a multi-year accounting scheme and failed to provide accurate financial reports for the partnership each month. “Skybound failed to provide monthly reports as agreed,” the Los Angeles Superior Court complaint states. “It also financed its expenses with millions of dollars in counterfeit line items.” iam8bit claims that Skybound has yet to provide an explanation about the line items, not even to the third-party auditor it appointed. The company is alleging losses of more than $4 million related to accounting issues.
iam8bit also accused Skybound of backing him out of indie video game deals astrayAccording to the company’s attorney, iam8bit designed and developed promotional materials for the launch, astray On PlayStation and Xbox consoles. The complaint claims that Skybound used iam8bit’s trade secrets to secure its deal for the Nintendo launch of the game. It alleges that Skybound used confidential information about iam8bit’s royalty split with Annapurna Interactive’s publishing deals to eliminate its business partner, while also using “almost exact copies” of its creative output for marketing.
The full list of allegations in Iam8bit’s complaint includes breach of contract, fraud, conversion, unjust enrichment and misappropriation. The company’s legal team is seeking monetary damages, punitive damages and attorney’s fees as compensation.
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