Today, Atari filed for chapter 11 and with that, one of the most famous video gaming companies from the beginning of gaming is gone!
Atari is bankrupt
- Thread starter Cheezdoodles
- Start date
Silent_Buddha
Legend
So, in the past couple months two gaming publishers have gone under. Well Atari hasn't yet as there's a chance they could still emerge from Chapter 11.
THQ surprised me, but Atari doesn't. I'm just surprised that Atari lasted this long.
Regards,
SB
THQ surprised me, but Atari doesn't. I'm just surprised that Atari lasted this long.
Regards,
SB
THQ is dead???
Name only. The Atari of old went defunct in the mid nineties (post-Jaguar), got merged with some short lived HDD maker who then sold the assets to Hasbro (and then further on to Infogrames) in an (unsuccessful) effort to stay afloat themselves.
There will be an asset auction (final bids due later today I think), after which the bankruptcy court is to decide whether to allow them to reorganize with a new VC owner should the auction pull in less than hey were willing to stake for the whole company. So, if their assets can be sold off piecemeal for more, then they're done for.
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Silent_Buddha
Legend
Yup.
Their assets (games, developement houses, etc.) are set to be auctioned off soon. Originally there was a buyer lined up, but other publishers complained that the window to submit an offer was too short. So the courts ordered that the assets will be auctioned off piece by piece.Game developement has been rough this past decade with many publishers going kaput.
http://www.gamespot.com/features/thq-what-happens-next-6402691/
I'm really hoping Relic Entertainment finds a good home as they are perhaps my favorite developement house of the past 10 years.
Regards,
SB
Bouncing Zabaglione Bros.
Legend
It hasn't been Atari for years. Infogrammes bought the name, and renamed themselves hoping to hide the poor reputation they'd got themselves. A mere company rebrand was never going to fix their poor products.
Arguably, Atari hasn't been Atari since the company nearly went bust and split in the 80s, with Jack Tramiel taking over Atari Corp and going on to making the ST series of computers (and derivatives thereof.)
IMO, the real Atari was always the arcade division (which became Atari Games post-split), but what its fate ultimately was I don't know.
IMO, the real Atari was always the arcade division (which became Atari Games post-split), but what its fate ultimately was I don't know.
