Gaming peripherals company Mad Catz is banking a lot hope on Rock Band 4 to be a hit to help with it’s financial situation which could see the company closure and their bank calling in a $20 million dollar loan.
Mad Catz had notified their investors of their dependance of the rhythm title after failing to make enough money under its credit agreement with Wells Fargo. However a new deal was struck, preventing the bank from calling in the original loan, and providing an additional $35 Million needed to ship Rock Band 4, which they are co-producing. According to a Mad Catz executive who left comments with GameInformer, advised that they were required to state this make the notification by securities laws and could not alter its language, adding that the reality of the situation could be less dire.
While it was not in time to help set the preditictions to avoid the credit problems, pre-orders have started for Rock Band 4 in mid-June with 2 kits in development, one with the game and guitar for $129.99 and a full kit for $250.00. Harmonix has stated that this issue will not delay the game and it is still set to launch on October 6th.