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Atari Sells Out...


MusicManiac
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Infogrames, which owns about 52 percent of Atari's stock, will gain Humongous Entertainment's license rights, intellectual property, and existing inventory.

 

Atari said that around $2 million of the $10.3 will act as a down payment for future platform royalty advances, milestone payments, and manufacturing costs.

 

Exclusive distribution rights for Humongous products will remain with Atari through around March 2006 in the United States, Canada, and Mexico.

 

This news comes in the wake of rumblings that the two companies were drawing too close, evidenced by the departure of Thomas Mitchell, an Atari board member, one month ago."

 

Source of news IGN.com

 

 

That's pretty friggen cheap considering Atari gets fronted the movie licensing rights to do "Film" games...

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  • 2 months later...
Activision Posts Second Quarter Loss

Company expects to have very successful third quarter.

by Wade Steel

 

November 4, 2005 - Activison, Inc. announced that despite beating its own revenue expectations for the second fiscal quarter which ended on September 30, 2005, the company posted a loss of $13.2 million for that financial period.

 

The revenues for the second fiscal quarter amounted to $222.5 million which beat the company's own expectations of $200 million in revenues for that period. This is in contrast to the $310.6 million in revenues and $25.5 million in profit that was earned during the same period last fiscal year.

 

For the six month period that ended on September 30, the company earned revenues of $463.6 million, as compared to revenues of $521.9 million reported for the same six-month period of last fiscal year. The net loss for the current fiscal year-to-date amounts to $16.8 million as compared to last year's year-to-date net income of $37.5 million.

 

According to Robert A. Kotick, Chairman and CEO of Activision, the company remains "focused on big propositions and in the third quarter will release the strongest holiday slate in our history."

 

It should be worth noting that many of the company's "heavy hitters" -- such as QUAKE 4, Call of Duty 2, Gun, Tony Hawk's American Wasteland, The Movies, True Crime: New York City -- have been released or will be released in the company's third fiscal quarter. Furthermore, the impending release of the next-generation Xbox 360 gaming console is expected to provide a boost to the company's revenue.

 

Looking ahead, the company continued to affirm its estimated net revenue of the fiscal year of $1.48 billion with an estimated net income of $790 million.  more...

 

Atari *really* should practice timing thier realeases a lot better :P

 

It really looks like a lot of game studios are backing up the Xbox 360◦ though, can't wait to see the official lineup :2T:

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Atari Flashes Back Again

Tuesday, November 01, 2005

 

Atari announced today that it will be releasing the Atari Flashback 2 in honor of the 30th anniversary of the home edition of Pong. The plug-and-play unit will include 20 original 2600 games (including Pong, Pitfall, and Asteroids) as well as 20 unreleased Atari games. Atari Flashback 2 is available now nationwide for $29.99.

 

"Atari Flashback 2 offers consumers all the original gems of video games - Pong, Pitfall, Asteroids - making it the ultimate re-creation of the classic gaming experience," said Marc Metis, Senior Vice President of Marketing for Atari. "The appeal of the Atari Flashback 2.0 transcends all ages, and makes it an especially appealing choice for gifts this holiday season."    from

 

No! No! Bad Atari! Bad! *smacks atari_logo_31x32.gif*

 

 

Regardless from the obvious 'dog eats it's own vomit' syndrome, there was this press release yesterday...

 

Atari Fiscal 2006 Product Release Schedule

11/4/2005 7:02:27 PM

 

Atari's product lineup for the remainder of fiscal 2006 is expected to include the following new releases:

 

  -- Desperados 2: Cooper's Revenge (PC), Dragon Ball Z: Supersonic Warriors

    2 (NDS), Driver: Parallel Lines (PS2 and Xbox), Dungeons & Dragons

    Online (PC), Totally Spies (GBA), Hasbro 4-Pack (NDS), Marc Ecko's

    Getting Up: Contents Under Pressure (PS2, Xbox and PC), The Matrix:

    Path of Neo (PS2, Xbox and PC), TimeShift (Xbox 360 and PC), and Tycoon City: New York (PC), among others.    more...

 

SO yeah looks like an MMO in the works (non next gen), a couple of lincensed franchise titles, THEN one next gen release. I really hope Atari gets on the ball, hate to see it go the way of the 80's icon, like Mr.T and day-glo jewelry

Edited by daytripper
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