Atari has been on a slippery slope for a while now but it looks like it could be nearing the end. In a shareholders meeting yesterday, Atari’s top executives said they feel “substantial doubt about [their] ability to continue as a going concern” after 1st quarter figures showed an $11.9 million loss.

Atari’s losses have increased more than 50% compared to last year, and the company is now hemorrhaging license rights. They have sold off both the Driver and Stuntman series and were served papers to discontinue Dragonball Z related products. About the only franchises they still have left are Alone in the Dark and Dungeons and Dragons.

Call it bad management or crappy game development but I’m pretty sure it’s the name that is cursed.

via 1Up

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This entry was posted by Andrew Cummings on Thursday, November 8th, 2007 at 4:17 am and is filed under Industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.