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Test Drive Unlimited 2
Atari Files For Bankruptcy Protection
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Atari's US operation is looking to separate from its unprofitable French parent company, filing for bankruptcy protection and severing ties with Atari SA, formerly known as Infogrames. Atari Inc, together with Atari Interactive Inc, Humongous Inc. and California US Holdings Inc. are now looking to secure independent funding in order to continue developing digital and mobile games.

Atari SA has been struggling financially for a long time seeing its share price plummet by 50% in the past year, leading to this latest move by Atari US. The companies issued the following statement, saying "with this move the US based Atari operations seek to separate from the structural financial encumbrances of their French parent holding company, Atari SA".

It's hoped that Atari US can continue to create games for digital platforms like XBLA and PSN, with the 40 person operation seeking $5.25 million in funding to continue business during the bankruptcy period.

"The Chapter 11 process constitutes the most strategic option for Atari's US operations as they look to preserve their inherent value and unlock revenue potential unrealized while under the control of Atari SA," the statement added.

[Via BBC | Thanks, GreaseMonkeyGB]




 
 

User Comments

Forum Posts: 261
Comment #1 by IRA GUNNER AFC
Tuesday, January 22, 2013 @ 04:11:05 AM
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another one bites the dust


Forum Posts: 311
Comment #2 by Homaz
Tuesday, January 22, 2013 @ 04:12:53 AM
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Good Bye Atari. Loved your ASTEROIDS game!


Forum Posts: 31
Comment #3 by Nemesis Sieg
Tuesday, January 22, 2013 @ 04:14:26 AM
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Say what you like about COD but a job at Activision might just be the safest job in the game industry right now


Forum Posts: 28
Comment #4 by TotalBlank
Tuesday, January 22, 2013 @ 04:16:33 AM
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A job at Activision and specifically one in the CoD department is the equivalent of living in secret misery. How you can continuously keep working there copy pasting the same stuff every year, it's amazing how they can keep them coming.


Forum Posts: 25
Comment #6 by DarthTrakd
Tuesday, January 22, 2013 @ 04:19:09 AM
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shame that so many good companies that have made great games (mostly from my childhood) are on the way out, seems that only Projekt RED can take a risk and make it work. oh well, more sequels to come then....


Forum Posts: 56
Comment #7 by BrySkye
Tuesday, January 22, 2013 @ 04:22:25 AM
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It hasn't bitten the dust yet.
Chapter 11 isn't the same thing as going into Administration in the UK.
It's exactly what it says it is. Bankruptcy -protection-.

In 2011, AMR, ie American Airlines filed for Chapter 11 and they are still in business right now.
It's like a bailout. Let's them keep trading, business as usual, while they try to sort things out.


Forum Posts: 897
Comment #8 by Teh Paralyzer
Tuesday, January 22, 2013 @ 04:35:02 AM
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Humongous should release Pajama Sam and Spy Fox on XBLA to earn Atari some profit :P I'd buy 'em


Forum Posts: 142
Comment #9 by JedEgan
Tuesday, January 22, 2013 @ 04:42:38 AM
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Judging by the comments people here are still just reading the headline and commenting anyway.


Forum Posts: 79
Comment #10 by UKHC1977
Tuesday, January 22, 2013 @ 04:49:00 AM
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As @7 said it might not be the end. From what ive read the US arm is the only section turning albeit a small profit. If they can get themselves away from the sinking ship thats the main company then they might stand a chance.

I would like to see them gettting round to releasing some Jaguar games like Tempest or Aliens Vs Predators.


Forum Posts: 0
Comment #11 by Malakarn
Tuesday, January 22, 2013 @ 04:52:35 AM
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Here come all the people who pretend to know everything about business


Forum Posts: 9
Comment #12 by TheBrute1997
Tuesday, January 22, 2013 @ 05:02:48 AM
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Hard to know that Atari were petty much the kings of the gaming industry in the early 80's...


Forum Posts: 0
Comment #13 by Dansi
Tuesday, January 22, 2013 @ 05:18:15 AM
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Does this mean they won't be releasing any more Jaguar games any time soon? FML.


Forum Posts: 115
Comment #14 by Mittens2317
Tuesday, January 22, 2013 @ 05:50:21 AM
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@13: If that's the case I have officially lost faith in the history.


Forum Posts: 3223
Comment #15 by DecadentBeaver
Tuesday, January 22, 2013 @ 06:01:40 AM
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Hope it all works out for Atari. Be a crying shame if they had to close down.


Forum Posts: 469
Comment #16 by francisrossi
Tuesday, January 22, 2013 @ 07:28:41 AM
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@12 - Yup. It's an even bigger fall than Sega's.


Forum Posts: 6
Comment #18 by Neohawk
Tuesday, January 22, 2013 @ 07:43:56 AM
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After TDU2 I really don't care what happens to them.


Forum Posts: 1003
Comment #19 by Dr Popodopolus
Tuesday, January 22, 2013 @ 09:47:59 AM
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Agreed with #18

After the travesty that was the delayed release and finished product: TDU2, I could not care less about Atari.

Their products show me that they're still living in the 80s

not surprised


Forum Posts: 19
Comment #20 by glitch12
Tuesday, January 22, 2013 @ 10:24:09 AM
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multiplayer issues aside, the console ghostbusters game (not sanctum of slime) was pretty enjoyable. Lets hope Atari, if they pull out of this in decent shape, can get of their rears and make another good game


Forum Posts: 2200
Comment #21 by cheevo360
Tuesday, January 22, 2013 @ 11:15:18 AM
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Yes Atari need bring better games. Rare nowhere to see their games in recent of years.

Atari need publishing games: new Alone in the Dark with better improves, Area 51 need another improves, TDU series need returns where TDU 1 were or new Test Drive game that is better, bring back San Francisco Rush, Baldur's Gate onto consoles again, bring back Forgotten Realms, Ghostbusters 2, Shadow Ops 2, new Terminator game and new IP game. Atari need those and need they all great games.

I really want to see all of those franchises returns from Atari. If Atari gone then other publishers neee pick up those franchises. :)


Forum Posts: 2200
Comment #22 by cheevo360
Tuesday, January 22, 2013 @ 11:17:41 AM
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Good Luck to Atari. I not want Atari downs forever. I want Atari back up like THQ and Sega.


Forum Posts: 597
Comment #23 by F Swan
Tuesday, January 22, 2013 @ 11:31:43 AM
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Cybermorph!!


Forum Posts: 178
Comment #24 by Fullbrook
Tuesday, January 22, 2013 @ 12:01:28 PM
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@21 I would defiantly buy Alone in the Dark 2. The first one was interesting, even if it got pretty repetitive at the end.

Hope they can get everything sorted out and get themselves in a better position.


Forum Posts: 679
Comment #25 by GreaseMonkeyGB
Tuesday, January 22, 2013 @ 02:00:08 PM
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Cheers for the mention Rich :)


Forum Posts: 41
Comment #26 by Tim 13
Tuesday, January 22, 2013 @ 06:06:13 PM
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Bankruptcy PROTECTION, not bankruptcy. They're trying to break away from their parent company so that they don't go down the same way their parent is.

OT: Good luck, Atari. Maybe it's true that they haven't made anything of note lately, but I still hate to see developers fold; it brings the video game industry closer to a world of EA vs. Activision. Competition is good; survive, Atari.


Forum Posts: 2200
Comment #27 by cheevo360
Wednesday, January 23, 2013 @ 05:37:42 AM
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#21 Yep I agreed with you. I want Alone in the Dark get big improves over first one for 2nd series. :)


Forum Posts: 48
Comment #28 by jds78
Wednesday, February 13, 2013 @ 06:01:09 AM
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I guess not more updates!


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Game Info
Developer:
Eden Studios
Publisher:
Atari
Genre:

Release:

US February 08, 2011
Europe February 11, 2011

Collection:598
Wishlist:162
 
 
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