It has emerged that his succumbed to financial problems and has been liquidated by administrators.

The success of their first title and great interest in their revolutionary Motionscan facial animation technology the developer had struggled to stay afloat.

Rumours were abound of 100-hour working weeks, internal conflicts and communication problems culminated in the suggestions that all remaining staff had been offered jobs with Mad Max production company KMM.

It is also believed that many of Team Bondi's assets have also been picked up by KMM so the studio's work may live on even if Australia's great white triple-A hope is now gone.

Team Bondi has refused to comment on the closure.

Thanks Develop Online.

By Ewan Aiton