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Template:Important-announcement
Dear readers,
The Walt Disney Company has released an official statement regarding the site and service closure of Club Penguin. The Walt Disney Company has also announced they will be closing down their subsidiary Disney Online Studios Canada, which is the current developer of Club Penguin.[1]
Disney's official explanation invovled debt problems and that Disney Online Studios Canada (formerly New Horizon Interactive) has entered bankrupcy after failing to meet official profit targets from its parent company Disney. After a two-year string of failures, Disney Online Studios Canada are now in debt of $20 million USD.
All access to http://clubpenguin.com will be closed down by April 5 2011, however The Walt Disney Company will still retain ownership of the URL to prevent recreation and mock-ups. The Club Penguin franchise will be permanently discontinued; all users and their data files will be erased from the databases and production will terminate for official Club Penguin branded merchandise, as well as its DS games.