Exiled Gamers -> Acclaim facing bankruptcy?

Exiled Gamers · Write a review for Exiled Gamers

Arcade

Help

Members

Calendar

Welcome Guest ( Log In | Register )

Resend Validation Email

Exiled Gamers -> Gaming -> Game/Hardware Reviews & News

Acclaim facing bankruptcy?

Track this topic | Email this topic | Print this topic

The Ghost of Inept Pig

Posted: Jul 2 2004, 19:13

Grandmaster

Group: Admin
Posts: 1,653
Member No.: 1
Joined: 31-March 03

Taken from C&VG:

QUOTE

Acclaim released its fourth quarter results today, and was warned that unless it receives refinancing it could be faced with possible closure or bankruptcy.

The publisher behind such titles as Alias, NBA Jam and Burnout 2 reported a net loss of $56.4million for the fiscal year ended March 31, compared to a net loss of $84.8million.

However, while losses showed small signs of slowing, it was the liquidity section of the report that presented the most alarming statistics.

The report stated: "Failure to obtain a new banking facility would materially adversely affect the company's operations and liquidity and the company could be forced to cease operations or seek bankruptcy protection." Not exactly the most optimistic of reading, then.

Acclaim currently has a reasonably busy schedule for the rest of the year, with the impressive-looking street racer Juiced,due out in September for PS2, PC and Xbox, the pick of the bunch. It is also working on returning seminal RPG The Bard's Tale to small screens this October.

Let's hope the company experiences a revival in fortunes soon

The Ghost of Inept Pig	Posted: Sep 2 2004, 5:37
Grandmaster Group: Admin Posts: 1,653 Member No.: 1 Joined: 31-March 03	Acclaim are no longer facing bankruptcy, Acclaim are now in actual fact bankrupt Tycho and Gabe at Penny Arcade wanted such things a long, long time ago - see? Anyway, add them to the list of others that have gone the same way (Sierra & Interplay) is it a worrying trend? Or just survival of the fittest? And when was the last time anyone actually bought an Acclaim game?

DanMaggot	Posted: Sep 2 2004, 11:12
Neurthul Group: Admin Posts: 929 Member No.: 5 Joined: 6-April 03	I do actually have Burnout2 for the Xbox....... It's quite fun for two people.....except there are other games that are more fun and less repetitive. Still it's often a shame to see a company up against the wall.

0 User(s) are reading this topic (0 Guests and 0 Anonymous Users)

0 Members:

« Next Oldest | Game/Hardware Reviews & News | Next Newest »

Skin by Exiled Gamers