4/06/02 - Latest News

Riot-E Entertainment Files For Bankruptcy
Strider @ 3:56 pm EST

Tomi writes: Just wanted to let you know that Riot-E (which has/had "exclusive rights to manufacture, sell and distribute accessories to mobile phones, in relation to the Lord of the Rings but also rights to wireless games and services concerning the same legend") has filed for bankruptcy. Riot-E isn't the first mobile company in Finland to go under. In the end, it seems that the license fees for high profile merchandise such as LOTR caused the destruction of the company.