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"Atari" goes down the crapper

cloudeaglecloudeagle Registered User regular
edited November 2007 in Games and Technology
So Infogrames, the company that bought the Atari name from the people who bought the Atari name from the people who bought the Atari name (etc.) is in dire financial straits. Or rather, the subsidiary it established to publish 47 bazillion Dragonball Z games under the Atari logo it shelled out tons of cash for is. From gamespot:
Last week Atari CEO David Pierce resigned after just over a year on the job, with his post being temporarily filled by the company's chief restructuring officer Curtis G. Solsvig III. The resignation came the week after the company announced its long-delayed financial results for its first fiscal quarter, which ended June 30, 2007. Those figures painted a bleak picture of the once-iconic publisher's future.

Today the second-quarter results for Atari are in, showing that net revenue for the period between July 30 and September 30 was $13.3 million compared to $28.6 million in the same period last year. Publishing net revenue was $11.4 million, versus $23.1 million last year, and distribution revenue was $1.9 million compared to $5.5 million. The net loss for the second quarter was $7.7 million, or 57 cents a share.

Update: Were the faltering numbers not bad enough, Atari has admitted in a SEC filing that its road ahead is less than certain. The report explains that although the company has relied on Infogrames for loans and purchases of assets, the parent company has its own financial needs, and as a result may be unable to continue to help.

Atari has also sold off development studios including Shiny and Reflections, along with the rights to the Driver series and other IP. This reduction in development has led to fewer games being published.

The filing reads, "The uncertainty caused by these above conditions raises substantial doubt about our ability to continue as a going concern. Our consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty."

http://www.gamespot.com/news/6183153.html?om_act=convert&om_clk=newstop&tag=newstop;title;1

tl,dr: "Atari" is in deep shit and may fold.

Here's the question: if this company folds, who will pick up the rights to the good ole Atari 2600 stuff? Will the new holder actually publish decent games under the Atari brand, or will they just slap the logo on any old poop and hope nostalgia helps it sell? And am I the only one who really cares? I'm old enough to remember playing a 2600 as a wee one, and it pains me to see the name used simply as a marketing tool.

If you're interested, you can see a summary of Atari's winding corporate history here:

http://en.wikipedia.org/wiki/Atari

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cloudeagle on
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    corin7corin7 San Diego, CARegistered User regular
    edited November 2007
    The only question I have is, what happens to the D&D license?

    corin7 on
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    ArcSynArcSyn Registered User regular
    edited November 2007
    I think once Atari was no long Atari, it should have just died. That way it would always be a shining light in our nostalgic minds instead of the dull crud that it is now.. (Though I enjoy NWN)

    ArcSyn on
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    darleysamdarleysam On my way to UKRegistered User regular
    edited November 2007
    Can we take a collection and buy it?

    darleysam on
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    SeptusSeptus Registered User regular
    edited November 2007
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Septus on
    PSN: Kurahoshi1
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    InvisibleInvisible Registered User regular
    edited November 2007
    corin7 wrote: »
    The only question I have is, what happens to the D&D license?

    I didn't think Atari owned exclusive rights to D&D, that it was licensed on an individual basis by Wizards of the Coast. But I'm not really sure.

    Either way, wouldn't it just revert (or bought) back to their 'parent' company infogrames?

    Invisible on
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    BlackDragon480BlackDragon480 Bluster Kerfuffle Master of Windy ImportRegistered User regular
    edited November 2007
    Crap, who's going to pick up the Witcher license if they fold? That game deserves to become a long lived series.

    BlackDragon480 on
    No matter where you go...there you are.
    ~ Buckaroo Banzai
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    cloudeaglecloudeagle Registered User regular
    edited November 2007
    Septus wrote: »
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Just publishing.

    And they haven't done much of note in the last decade beyond The Witcher and 47 bazillion Dragonball games.

    cloudeagle on
    Switch: 3947-4890-9293
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    FuruFuru Registered User regular
    edited November 2007
    cloudeagle wrote: »
    Septus wrote: »
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Just publishing.

    And they haven't done much of note in the last decade beyond The Witcher and 47 bazillion Dragonball games.

    And they're very close to losing the latter if their shit doesn't shape up. Which it won't.

    Furu on
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    SaddlerSaddler Registered User regular
    edited November 2007
    It'd be interesting if someone picked up on the Atari Games franchises. Check out this who's who list of classic arcade games from wikipedia, almost all of which could be remade:

    * 720°
    * A.P.B.
    * Area 51
    * Badlands
    * Blasteroids
    * Centipede
    * Championship Sprint
    * Cyberball
    * Cyberball 2072
    * Empire Strikes Back
    * Escape from the Planet of Robot Monsters
    * Gauntlet
    * Gauntlet II
    * Gauntlet Legends
    * Hard Drivin'
    * Hydra
    * Indiana Jones and the Temple of Doom
    * Klax
    * Marble Madness



    * Moto Frenzy
    * Off the Wall
    * Paperboy
    * Peter Packrat
    * Race Drivin'
    * Rampart
    * Road Blasters
    * Road Runner
    * San Francisco Rush
    * San Francisco Rush 2049
    * Star Wars
    * S.T.U.N. Runner
    * Steel Talons
    * Super Sprint
    * Tempest
    * Tetris
    * Toobin'
    * Vindicators
    * Xybots

    Saddler on
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    KVWKVW Registered User regular
    edited November 2007
    Did Ikaruga ever come out for XBox Live Arcade? I recall it being announced. Will Atari folding stop that from ever coming out on it (if it hasnt yet)?

    KVW on
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    SeptusSeptus Registered User regular
    edited November 2007
    cloudeagle wrote: »
    Septus wrote: »
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Just publishing.

    And they haven't done much of note in the last decade beyond The Witcher and 47 bazillion Dragonball games.

    So then I'm justified in not caring a bit about them shutting down?

    Septus on
    PSN: Kurahoshi1
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    sonictksonictk Registered User regular
    edited November 2007
    Crap, who's going to pick up the Witcher license if they fold? That game deserves to become a legacy.

    sonictk on
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    acidlacedpenguinacidlacedpenguin Institutionalized Safe in jail.Registered User regular
    edited November 2007
    darleysam wrote: »
    Can we take a collection and buy it?

    this

    acidlacedpenguin on
    GT: Acidboogie PSNid: AcidLacedPenguiN
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    apotheosapotheos Registered User, ClubPA regular
    edited November 2007
    Crap, who's going to pick up the Witcher license if they fold? That game deserves to become a long lived series.

    Well they just localized it, didn't they? It shouldn't be too affected.

    apotheos on


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    BartholamueBartholamue Registered User regular
    edited November 2007
    KVW wrote: »
    Did Ikaruga ever come out for XBox Live Arcade? I recall it being announced. Will Atari folding stop that from ever coming out on it (if it hasnt yet)?
    Atari just published it for the GC. It was Treasure who made the game, so it most likely won't be affected.

    Bartholamue on
    Steam- SteveBartz Xbox Live- SteveBartz PSN Name- SteveBartz
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    I'm glad to know Atari is in the capable hands of Curtis G. Solsvig III.

    august on
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    KVW wrote: »
    Did Ikaruga ever come out for XBox Live Arcade? I recall it being announced. Will Atari folding stop that from ever coming out on it (if it hasnt yet)?
    Atari just published it for the GC. It was Treasure who made the game, so it most likely won't be affected.

    Depends on who owns the IP and the distribution rights. I'm going to guess Treasure on this one, because it's a low budget game and Atari isn't a very powerful publisher. But anything with a budget and a big publisher is almost always owned by the publisher.

    august on
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    cloudeaglecloudeagle Registered User regular
    edited November 2007
    It's fascinating that "Chief Restructuring Officer" is actually a damn job title over there.

    cloudeagle on
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    emnmnmeemnmnme Registered User regular
    edited November 2007
    Atari also just published that Godzilla game for the Wii.

    emnmnme on
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    Gorilla SaladGorilla Salad Registered User regular
    edited November 2007
    cloudeagle wrote: »
    Septus wrote: »
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Just publishing.

    And they haven't done much of note in the last decade beyond The Witcher and 9001 Dragonball games.
    What is wrong with you people? Fixed.

    Gorilla Salad on
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    MayGodHaveMercyMayGodHaveMercy Registered User regular
    edited November 2007
    cloudeagle wrote: »
    Septus wrote: »
    What has Atari even done of note since olden times? Do they even have an in-house development team or just publishing?

    Just publishing.

    And they haven't done much of note in the last decade beyond The Witcher and 9001 Dragonball games.
    What is wrong with you people? Fixed.


    Hey...

    IT'S OVER 9,000!

    EDIT: In regards to Atari going under... I'm not sure yet if I care at all.

    MayGodHaveMercy on
    XBL: Mercy XXVI - Steam: Mercy_XXVI - PSN: Mercy XXVI
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    Someone will buy the name and the rights.

    Honestly, I wonder if this is even the first time this has happened to Atari.

    august on
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    canemaquiluscanemaquilus Registered User regular
    edited November 2007
    Fuck. The Witcher is like the greatest RPG I've played in a long time.

    Why is it that any time a company produces a truly awesome game, shortly afterwards it goes under?

    canemaquilus on
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    Fuck. The Witcher is like the greatest RPG I've played in a long time.

    Why is it that any time a company produces a truly awesome game, shortly afterwards it goes under?

    They didn't make the game. They published it. They might own the ip, which yes would be bad. But the guys who produced the game published it themselves Poland, so I'm thinking they might own it themselves.

    august on
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    canemaquiluscanemaquilus Registered User regular
    edited November 2007
    But the guys who produced the game published it themselves Poland, so I'm thinking they might own it themselves.
    That is very good news.

    canemaquilus on
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    XagarathXagarath Registered User regular
    edited November 2007
    august wrote: »
    Someone will buy the name and the rights.

    Honestly, I wonder if this is even the first time this has happened to Atari.

    It's not.
    Really, really not.

    Xagarath on
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    Yeah, I didn't think so.

    august on
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    cloudeaglecloudeagle Registered User regular
    edited November 2007
    Xagarath wrote: »
    august wrote: »
    Someone will buy the name and the rights.

    Honestly, I wonder if this is even the first time this has happened to Atari.

    It's not.
    Really, really not.

    This would be, what, the sixth time?

    cloudeagle on
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    SunshineLollypopsRainbowsSunshineLollypopsRainbows __BANNED USERS regular
    edited November 2007
    Hey, random question:

    Weren't the people who made that older Transformers Armada game, Melbourne House, owned/part of Atari?

    Because I actually got to go to their office and play it back when it was in beta. That was cool.

    SunshineLollypopsRainbows on
    Australia is totally shafted for each and every entertainment release ever.

    But at least we're not fatasses.
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    XagarathXagarath Registered User regular
    edited November 2007
    Hey, random question:

    Weren't the people who made that older Transformers Armada game, Melbourne House, owned/part of Atari?

    Because I actually got to go to their office and play it back when it was in beta. That was cool.

    Yep.
    Pity we've heard little about them since- it was surprisingly good.

    Xagarath on
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    SunshineLollypopsRainbowsSunshineLollypopsRainbows __BANNED USERS regular
    edited November 2007
    They were really super nice guys, too.

    Hmph.

    SunshineLollypopsRainbows on
    Australia is totally shafted for each and every entertainment release ever.

    But at least we're not fatasses.
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    SilpheedSilpheed Registered User regular
    edited November 2007
    Meh, Atari can go down the crapper as long as the Witcher team doesn't get too affected about this..

    Silpheed on
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    WienkeWienke Registered User regular
    edited November 2007
    cloudeagle wrote: »
    It's fascinating that "Chief Restructuring Officer" is actually a damn job title over there.

    Yeah you'd think they would spin that position to sound a little bit better. Like "Chief Happytime Officer" or "Chief No-Problems-Here Officer". You know....something.

    Reminds me of the time I read about Washington building a "Fort Necessity" during the French and Indian war... Not sure what that has to do with anything but there you go.

    Wienke on
    PSN: TheWienke
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    emnmnmeemnmnme Registered User regular
    edited November 2007
    Atari also distributed Gothic 2 in America. At least I think they did ... there's an Atari logo on the box.

    emnmnme on
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    LewiePLewieP Registered User regular
    edited November 2007
    I swear I could run the company better.

    First move would be commision "Farenheit - Directors cut" (with a completely new and awesome ending)

    Next up would be "Cannon Fodder DS"

    And after that I would license the Rush series to "Sega/Amusement Vision"

    After that, I would be fucking rich. It's not hard.

    LewieP on
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    augustaugust where you come from is gone Registered User regular
    edited November 2007
    You obviously don't hate games enough to be trusted to run Atari.

    august on
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    VoodooVVoodooV Registered User regular
    edited November 2007
    so...

    the name Atari is just being bought and sold repeatedly simply due to the iconic nature of the name. Don't they realize the longer they abuse that, assuming its not already too late, that the name Atari will lose all significance.

    I mean fuck, considering how old the name is, you gotta just imagine there is a bunch of young bastards out there who consider themselves hard core gamers, yet have never heard of the name Atari.

    Combat?? Pitfall?? what..are those... board games or something?

    On a side note: Infogrames bought the Atari name AND Microprose right? They can burn in hell for not reviving Xcom and Independence War!

    VoodooV on
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    korodullinkorodullin What. SCRegistered User regular
    edited November 2007
    Think about it. Do you really want the Infogrames of today attempting to revive X-Com? Hell, even the Infogrames of a few years past.

    korodullin on
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    eelektrikeelektrik Southern CaliforniaRegistered User regular
    edited November 2007
    I just wonder if theres any hope at all now for a 2nd expansion for NWN2. NWN1 had two expansions, and Mask of the Betrayer for NWN2 was hot shit and I want more of that quality awesomeness D&D thats been lacking in recent years. But if Atari folds, I wonder what publisher Wizards is going to license 4th Edition to, and how soon we can get the inevitable NWN3 or D&DO2 with that.

    eelektrik on
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    ViscountalphaViscountalpha The pen is mightier than the sword http://youtu.be/G_sBOsh-vyIRegistered User regular
    edited November 2007
    Wienke wrote: »
    cloudeagle wrote: »
    It's fascinating that "Chief Restructuring Officer" is actually a damn job title over there.

    Yeah you'd think they would spin that position to sound a little bit better. Like "Chief Happytime Officer" or "Chief No-Problems-Here Officer". You know....something.

    Reminds me of the time I read about Washington building a "Fort Necessity" during the French and Indian war... Not sure what that has to do with anything but there you go.

    fort FORT must of been taken at the time.

    I hope atari finally moves their IP's over to someone who can re-release this stuff properly. And WARLORDS.

    We so need warlords on XBLA.
    VoodooV wrote: »
    On a side note: Infogrames bought the Atari name AND Microprose right? They can burn in hell for not reviving Xcom and Independence War!

    Yes. Yes they can, and apparently-- will.

    Viscountalpha on
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