Published on 1st June 2016 by Andrew Mills

It has been announced that games developer and content marketplace, Odobo, is to close down operations due to running costs becoming unmanageable.In a statement on its website, Odobo stated that although attempts had been made to address “many of the challenges, costs and barriers associated with content production” costs rose beyond control and therefore the doors had to be closed.

Difficult decision

Odobo was launched in 2011, but ceased operations on May 31^st 2016, with its offices due to close for good on June 10^th, 2016.Despite developing partnerships in 2016 with the likes of Iforium in order to expand its distribution network, the costs ultimately proved too much.As the website statement explained:“As our industry has evolved, it has become clear that marketplaces like ours require wider scale to survive in an increasingly complex and fragmented regulatory landscape…“We needed to recognise that the velocity with which the business was growing was outpaced by the costs associated with providing the services that Odobo offered.“As a result, we have made the very difficult decision to close the business.“Odobo will stop transacting on May 31, 2016 and close our offices by June 10, 2016.“This decision was not taken lightly and we sincerely regret that it affects the partners and clients that have supported us.“We are proud of what we have achieved together and are grateful to the investors, developers, operators and suppliers who have been part of our journey.”