Rumor: P2 to Shut down Today

A rumor that P2 Entertainment, formerly Perpetual Entertainment, will be shutting down today was circulating the after-hours party scene last night.

Multiple sources close to the company came forward late last night to confirm the story, though no official announcement has yet been made.

P2 recently laid off the vast majority of its work force after opting not to continue developing Star Trek Online, and were embroiled in a lawsuit with Kohnke Communications, their PR representation, over back pay owed; they settled out of court. Before it changed its name to P2, Perpetual Entertainment laid off staff and stopped production on its first MMOG, Gods and Heroes, late in the development cycle.

We were unable to reach P2's management for comment.

Permalink

It must be nice to get paid for a job you know you'll never finish.

The most annoying part of this situation is that, like the revolving door of CMO's and CEO's at auto companies, the same people involved with this venture will probably find a way to scam up more venture capital for another equally foolish and inept attempt to cash in on the next fad.

The only real tragedy here is that despite all the pomp and circumstance, nary a trashed Enzo is to be seen. Clearly, I was too optimistic in thinking we had learned something from Gizmondo about how to spectacularly end a business venture.