Geoffrey Osborne went under owing £45.1m
17 Jun
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Geoffrey Osborne went under owing £45.1m

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Top Stories Tamfitronics Geoffrey Osborne Ltd owed trade creditors £25.9m when it collapsed, administrators from RSM Restructuring Advisory have reported.In documents filed with Companies House last Friday (14 June), the administrators said that 504 firms were left with unpaid invoices when the contractor fell into administration on 30 April.Five of these companies were owed more than £1m: Bowmite Electrical & Mechanical Ltd (£1.2m), Elite Landscapes Ltd (£1.5m), East West Connect Ltd (£1.4m), Macai Ltd (£1.3m) and Rosguill Developments Ltd (£1.6m).Total debts owed by Geoffrey Osborne were £45.1m, RSM said in its report.This included £16.2m owed to related firms Osborne Group Holdings Ltd (£8.4m), Osborne Slinfold (£3.4m) and Fishbourne No 2 (£4.4m).As preferential creditors, Geoffrey Osborne’s employees are set to receive £134,761. More than 100 staff were laid off when the company went under.When RSM was...
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Whitepaper: Generative Experience for Facade Design
17 Jun
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Whitepaper: Generative Experience for Facade Design

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Top Stories Tamfitronics Design the most complex facades easily When developing a new building project, it is vital to use the most capable, comprehensive and integrated platform to optimise project delivery. The platform must provide best in class solutions to deliver the project on time and on budget, more sustainably and with less risk.3DEXPERIENCE CATIA enables facade makers to design, engineer and construct both simple and complex facades. Boosting innovation and creativity, facade experts can experiment with multiple variations by parametrising facades and using generative design techniques to maximise productivity.Download our interactive ebook to discover how using a virtual twin enables multidisciplinary collaborative modelling and simulation of complex buildings and facilities. This allows teams to accurately deliver desirable experiences while prioritising material reuse, both keys to a sustainable future.Please fill in the form below to...
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Hi-Fi RUSH Developer Tango Gameworks Has Now Officially Closed Its Doors
17 Jun
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Hi-Fi RUSH Developer Tango Gameworks Has Now Officially Closed Its Doors

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Top Stories Tamfitronics One of the employees highlighted the studio's "last day"Image: Tango GameworksLast month, Xbox shared the news it would be shutting down four studios including the developers behind the critically-acclaimed title Hi-Fi RUSH. While things have been looking more positive on the Xbox front over the past week, a now-former Tango Gameworks employee has shared an update on this closure, seemingly confirming the studio has completely shut down.As highlighted by our friends at VGCdeveloper Takeo Kido shared multiple pictures of the Japanese studio - noting how it was the "last day of work" with the studio then closing. In these pictures you can see the lobby featuring some Fallout icons as well as some Hi-Fi RUSH-related works, and another picture shows the studio's "last meal", with tables covered in pizzas and the staff...
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Spotify’s First Post-Bundled Royalty Statements Have Arrived — 97% of All Subscription Accounts Are Now Lower-Paying Bundles
17 Jun
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Spotify’s First Post-Bundled Royalty Statements Have Arrived — 97% of All Subscription Accounts Are Now Lower-Paying Bundles

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Top Stories Tamfitronics Spotify’s bundles-of-joy are now wreaking havoc on royalty statements (Photo: Katrin Bolovtsova)Top Stories Tamfitronics Spotify’s hard shift toward bundling and its associated loopholes have officially started hitting publisher royalty statements, according to documents shared with Digital Music News this week. So far, it looks like Spotify has taken an extreme turn toward cut-rate bundling recategorizations—here’s a look at the preliminary statements.Last week, Digital Music News calculated that Spotify accounts for an impressive 42% of all mechanical royalties paid in the U.S., based on a tranche of confidential royalty statements from February of 2024. Now, it looks like that percentage is going to drop significantly, thanks to an extreme shift towards bundling that is now impacting music publisher bank accounts.And make no mistake—this is now impacting music publisher wallets in...
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