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Atari hit by dwindling revenue, files for bankruptcy

Monday, 21st January 2013 09:38 GMT By Nick Akerman

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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10 Comments

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  1. Telepathic.Geometry

    Et tu Atari? :(

    #1 2 years ago
  2. Dragon246

    @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 :)

    #2 2 years ago
  3. The Auracle

    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.

    #3 2 years ago
  4. Nick Akerman

    @2
    I think that’s an excellent point. No time for nostalgia when Atari is a very different company to the ’70s juggernaut.

    #4 2 years ago
  5. manamana

    Yeah right, but cmon, if the logo and the name doesnt give you that certain vibe….

    #5 2 years ago
  6. ps3fanboy

    they can put the ‘ATARI’ brand to rest now… it is about time.

    #6 2 years ago
  7. Sadismek

    @5 Exactly… :(

    #7 2 years ago
  8. monkeygourmet

    Where’s my ‘Custers Revenge’ remake Atari?!

    #8 2 years ago
  9. Hunam

    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.

    #9 2 years ago
  10. Gigabomber

    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.

    #10 2 years ago