Koch Media CEO Dr. Klemens Kundratitz has refuted claims that his company is €1.7 million in debt to troubled Dutch publisher Playlogic.
He also said that, contrary to statements made by the Fairytale Fights publisher, the two companies aren’t engaged in legal proceedings over the matter.
Playlogic had claimed that it is seeking €1.7 million for “unpaid sales of our products plus damages”. Rejecting that statement, Kundratitz told MCV: "It has come to our attention that in the last few days the publisher Playlogic has sought protection under the Dutch bankruptcy laws.
"In connection with this we read with surprise that allegedly one of the contributions due to Playlogic is a sum of €1.7m owed to them by Koch Media and that the company has filed a court case against Koch Media.
"We therefore see the need to set the record straight: Koch Media did enter into a Pan-European Distribution Agreement with Playlogic Entertainment, Inc. in June 2009 for several of their titles but we refute that we have any debts that are properly due. In contradiction to the recent news articles Playlogic has not filed any formal legal action against us. In summary, PlayLogic’s apparent statements concerning Koch Media are completely unfounded."