Gamestar Studios News Today

Shareholders will today vote on the leadership of Adelaide video game company Mighty Kingdom, but more than half of the company’s staff have penned a letter saying they’ll consider quitting if entrepreneur Shane Yeend takes control.

Shareholders in South Australian game studio Mighty Kingdom will continue to try and oust the board in January.

Embattled Adelaide video game company Mighty Kingdom’s largest shareholder Gamestar Studios has sent a letter to other shareholders calling for chair Michelle Guthrie and the entire board to be replaced.

One week after announcing it was considering a sale of the business, Adelaide video game developer Mighty Kingdom has terminated a deal with a company founded by its ex-CEO.

Video game company Mighty Kingdom is considering a “whole or partial divestment” of the business as it launches a $1 million capital raise.

Mighty Kingdom has named its new interim boss one month on from the resignation of former Mighty Kingdom CEO Shane Yeend.

Mighty Kingdom has hired lawyers to chase more than $2 million in settlement funds which it alleges are outstanding.