Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
November 25, 2014
arrowPress Releases
November 25, 2014
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Atari Losses To Reach $70 Million
Atari Losses To Reach $70 Million
July 3, 2007 | By David Jenkins




According to a new regulatory filing, as reported by website NewYorkBusiness.com, publisher Atari (Alone In The Dark) is to report a wider than expected loss for its financial year ending March 31st.

The U.S. arm of troubled French publisher Infogrames is now set to report a loss of $71.3 million, compared to a loss of $69 million in the previous year. The company previously announced that sales for the year were approximately $121.6 million.

The full financial earnings results were delayed in order to finalize the amount of a goodwill impairment charge for the fourth quarter, brought about by a drop in its market capitalization (the company's stock price multiplied by the number of outstanding shares).

This charge is now put at a full $54.1 million. Without this charge, the company has calculated it would have experienced a loss of only $17.2 million, significantly better than the previous year.

The struggling company recently cut its workforce by 20 percent - as part of a restructuring plan which has also seen the sale of many of Infogrames’ internal studios and franchises such as Stuntman and Driver. It is looking to refocus on lower-budget and casual console titles.


Related Jobs

Crystal Dynamics
Crystal Dynamics — Redwood City, California, United States
[11.25.14]

VFX Artist
Obsidian Entertainment
Obsidian Entertainment — Irvine, California, United States
[11.25.14]

Data Analyst
Avalanche Studios
Avalanche Studios — New York, New York, United States
[11.25.14]

Animator
Avalanche Studios
Avalanche Studios — New York, New York, United States
[11.25.14]

Senior Physics Programmer









Loading Comments

loader image