Atari US files for Bankruptcy.
Atari hasn't exactly had a great few years, and ever since Infogrames purchased the company back in 2001, it has struggled. Games released by the company recently haven't been all that great, except for a couple, such as the recent Sonic and All stars Racing Transformed.
According to the LA Times, Atari’s revenue in 2012 dropped by around 34%, with a 43% drop in the previous year, and profits have been minimal. French parent company, Atari S.A.’s share price is apparently now worth less than a Euro.
The move to file for bankruptcy would let Atari (US) separate itself from the parent company, Atari S.A. and would in turn also free them from Atari S.A.’s debt problems. It is thought that Atari US would then seek a private buyer, allowing them to focus on its own projects, such as games for mobile platforms.
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ImNotPhlegmAnymoreOKPosted:
MTVSovietRussia Atari just couldn't live up to it's name. Technology has advanced and there are new big dogs in the gaming scene.
Yea, this is what is going to happen to a lot of companies in the future.
I wouldn't be surprised if this happened to Nintendo in the future.
PlusnetPosted:
SovietRussia Atari just couldn't live up to it's name. Technology has advanced and there are new big dogs in the gaming scene.
Yea, this is what is going to happen to a lot of companies in the future.
MoanPosted:
SovietRussia Atari just couldn't live up to it's name. Technology has advanced and there are new big dogs in the gaming scene.
Sad, but it's true. Still sad that they are going bankrupt.
ImNotPhlegmAnymoreOKPosted:
Atari is the best. The originally Pong was all I used to play.
I agree, they are used to the old originals.
SovietRussia Atari just couldn't live up to it's name. Technology has advanced and there are new big dogs in the gaming scene.
I agree, they are used to the old originals.
SovietRussiaPosted:
Atari just couldn't live up to it's name. Technology has advanced and there are new big dogs in the gaming scene.
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