Comerica Bank Finances Flagship Studios

add time:3/31/2008 8:40:20 AM

Flagship Studios, the San Francisco-based creator of both Hellgate: London and Mythos for PC, and Comerica Bank, a Texas-based regional bank, have closed an innovative finance transaction to support Flagship's continuing development of AAA and online game franchises.

Using an independent film financing model as its basis, Comerica Bank has created a multi-million dollar facility backed by the sale and distribution rights to Flagship's game franchise "Hellgate: London".