Black Hole Entertainment was a Budapest-based video game developer, founded in 2001 by seven young game enthusiasts. Black Hole developed the sixth installment of the Heroes of Might and Magic series, Might & Magic Heroes VI, in collaboration with Ubisoft. The title was released in October 2011, postponed from its original launch date of March. The studio was reported in various media to have gone bankrupt as a result of the nature of this development, and members of the company blamed Ubisoft for the mistake. As of July 2012, the company is no longer operating.