In March of 2006, German game developer 4Head Studios announced it was working with graphics producer 3D-IO to create a videogame based on the epic tale of Beowulf.
Fast forward to late 2007 and the release of Paramount Pictures' Beowulf film, accompanied by Ubisoft's exclusive tie-in game of the same name, and the Beowulf-themed videogame arena starts to look a bit crowded.
So today 4Head (now part of DTP Entertainment) announced that its Beowulf project is no more. The company sold its trademarks, web domains and other assets related to the game to Paramount.
"With the announcement of Ubisoft's offical game based on the movie and the conceivable competitive situation, we were seeing publishers unwilling to support our game," said the game's Executive Producer, Gustaf Stechmann. "We thus lacked the resources needed to drive the project's development forward. Luckily, we had the older rights to the use of the name. The buy-out deal with Paramount was therefore the logical exit strategy."
Ubisoft's Beowulf game was released Nov. 13 for PC, PlayStation 3 and Xbox 360. A PSP version comes out Dec. 4.