Atari revenue plummets as vultures circle

By Patrick Garratt, Wednesday, 2 July 2008 20:21 GMT

Atari’s posted fiscal 2008 revenues of $80.1 million compared to $122.3 million the previous year, and has admitted it now has no valuable IP left to sell.

“During fiscal 2008, we completely terminated our product development activities and we granted IESA a seven year license to exploit our last remaining valuable game franchise,” the firm said. “Further, we increasingly focused our efforts on distributing products published by IESA. These steps substantially reduced our revenues.”

There’s more on Kotaku. None of it’s pretty.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Comments

Headlines

Doomed

  • Midway files for Chapter 11

    Midway’s filed for Chapter 11, it’s been confirmed. “This was a difficult but necessary decision,” said boss Matt Booty. “We have been focused on realigning our operations and improving our execution, and this filing will relieve the immediate pressure from our creditors and provide us time for an orderly exploration of our strategic alternatives. This […]

  • Confirmed: EA puts Red Alert 3 PS3 on hold

    EA’s just confirmed to videogaming247 that Red Alert PS3 has definitely been put on hold. A PR rep issued the following statement: “We can confirm that the development of Red Alert 3 for PS3 has been put on hold. EA LA is focusing resources on development for PC and Xbox 360 which will ship simultaneously […]