Flagship Studios Financed By Comerica Bank

Developers of Hellgate: London and Mythos, Flagship Studios, have announced that a deal has been finalized between the company and Comerica Bank. The parties used a financing model normally used for funding independent film:

“By following a model similar to independent film financing, we are able to directly finance ongoing content for our online games without relying upon a publisher’s investment,” said Steve Goldstein, Director of Business Development and General Counsel, Flagship Studios. “As the PC game business makes the transition from the boxed retail model to the online model, alternative financing will become a cornerstone of expanding the industry.”

No details were released regarding the amount of funding.