Mon, Jan 21, 2013 | 09:39 GMT
Atari hit by dwindling revenue, files for bankruptcy
The economic strain appears to be taking its toll on Atari. According to the L.A Times, the creators of Pong have filed a petition for bankruptcy.
As reported by Polygon, Atari North America has filed the petition in order to cut itself loose from its French parent company, which is riddled with debt.
Revenue and share prices have continued to drop across the last two years; with the latter now worth less than a Euro.
By filing for bankruptcy, Atari US hopes to escape the chains of its parent company and form a brand new organisation. Right now, the firm is fully reliant on a London-based credit group to sort out the trouble.
Atari is currently working on a Pong recreation for Zynga, plus mobile adaptations of Centipede: Origins and Outlaw, Dungeons and Dragons, and Rollercoaster Tycoon.
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Posted in: Atari, PC, PS3, Xbox 360
Tags: Atari, bankruptcy, Centipede, Dungeons and Dragons, pong, Rollercoasty Tycoon
10 comments
#1
Telepathic.Geometry
21/01/13, 9:41 am
Et tu Atari?
#2
Dragon246
21/01/13, 9:51 am
@1
We have to remember that Atari is just a name now, it absolutely no relation with the atari of 70s, after whom the atari name was sold to different companies.
Also, please don’t bring Caesar into this
#3
The Auracle
21/01/13, 10:19 am
Atari may not be the same company it was when it started but the name still resonates with many gamers today.
That said, let’s hope something positive comes out of all of this.
#4
Nick Akerman
21/01/13, 10:30 am
@2
I think that’s an excellent point. No time for nostalgia when Atari is a very different company to the ’70s juggernaut.
#5
manamana
21/01/13, 10:38 am
Yeah right, but cmon, if the logo and the name doesnt give you that certain vibe….
#6
ps3fanboy
21/01/13, 11:24 am
they can put the ‘ATARI’ brand to rest now… it is about time.
#7
Sadismek
21/01/13, 1:04 pm
@5 Exactly…
#8
monkeygourmet
21/01/13, 1:10 pm
Where’s my ‘Custers Revenge’ remake Atari?!
#9
Hunam
21/01/13, 1:20 pm
They’ve been holding the D&D brand and have made fuck all with it since NWN2, so my sympathy is at an all time low for Atari. I mean Neverwinter by Cryptic was going to be a Buy-to-play effort that sounded amazing then they turfed that off the PW to turn it into another F2P transaction fest where business model punches you in the face every five seconds.
#10
Gigabomber
22/01/13, 12:21 am
Too late ot blame the economy considering how much we are all spending on these games every year. The industry is doing quite well, so they don’t really have an excuse except for poor business management and crappy product.