Atari US files for Bankruptcy.

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The games industry has been very unstable over the last year or so, and recently we've seen the publisher, THQ, go through all manners of issues, which are still ongoing, and now one of the biggest names in gaming, and one of the pioneers of the market; Atari, has filed 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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"Atari US files for Bankruptcy." :: Login/Create an Account :: 34 comments

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AloePosted:

2013, really sucks for some companies.

MortarPosted:

2013 does not seem to be a good year for companies, not only in the gaming industry, but also the retail industry. It is sad to hear that Atari has been struggling, hopefully the US sector will be able to escape the money issues brought on by Atari S.A.

ZyphrPosted:

What would they be spending all there money on?

ReaimingPosted:

Well, this is rather upsetting.
As for many of us Atari was one of our first consoles.

OrigamoPosted:

Witsel Someone needs to buy into this company before it's to late :/


I agree with you.

E-t-HPosted:

Someone needs to buy into this company before it's to late :/

DankruptPosted:

CNTB The atari was awesome if only they released new stuff


Yeah I agree

AR15Posted:

I remember playing on the Atari my father bought for me when I was very young.

AE86Posted:

If atari made games like they used to this wouldn't be happening, too bad it was a great company and one of the few first consoles, and famous ones at it, this led to the Xbox remember that ;D

ImNotPhlegmAnymoreOKPosted:

Well this is a shame. Atari could do better, I grew up loving the games and console.


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