Own3d has gone under. January 31 was its last day. Shuttered. All videos gone and deleted.
More importantly, the $10,000 in prize money it owes the winners of the New Eden Open, unpaid. CCP has stated it is working on a resolution and will have something to announce soon. Perhaps this upcoming week.
Unless there was a clause in the contract that the players signed, stipulating that the prize money is Own3d’s sole purview and that CCP Games cannot be held responsible for non-payment of prize money, it seems that the prize money is owed the winners no matter.
Assuming there were no specific clauses relating to payment of the prize money, then: CCP is left holding the bag (a very tiny bag, mind you,) the details between Own3d and CCP are of no relevance to the tournament participants, and the winning participants were promised monetary prizes, they’ll have to receive those prizes.
Or CCP could just pay out $10K cash, and knock CSM8′s Iceland Seven to an Iceland Six. Heh. On the other hand, CCP pulls in approximately $52M per year in revenue, so $10K is kinda like pocket change.
(Does any participant or team captain have a copy of the tournament contract they signed? I’d be curious to read it. I’m sure a lot of people would be curious to read it. Whoever might supply it, I would keep your name private.)
We’ll have to see what CCP decides, but I can’t imagine that won’t fork over the cash themselves, if they cannot get whatever remains of Own3d TV to do good on their promises.
For future events with companies not yet financially proven, I’d suggest that CCP require that prize monies from those sources be put into an escrow, before contracts are finalized and tournament dates announced. That way they aren’t left holding the bag, and left in an unenviable position. And participants can be rewarded in a timely manner.
You can read more of Poetic Stanziel’s opinions at his Poetic Discourse blog.