gamemaker atari files for chapter 11
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Game-maker Atari files for Chapter 11

Arab Today, arab today

Arab Today, arab today Game-maker Atari files for Chapter 11

New York - UPI

Digital game company Atari Inc. has filed for bankruptcy protection in New York, court papers show. Atari and three affiliates filed for Chapter 11 to reorganize and to break away from its French parent company, Atari S.A., the Los Angeles Times reported Monday. Atari is the company that developed "Pong" and "Asteroids," which were simple digital games that proved three decades ago that the size of the gaming industry could be enormous. Atari's U.S. operations has only 40 employees now and has not been profitable in about 10 years. About 17 percent of the company's profits come from licensing its name to other consumer products. In 2008, Atari's assets were bought outright by a French company, which was formerly called Infogrames and is now named Atari S.A. The French firm has also been losing money for about 10 years. Its fortunes have picked up in the past two years and would be profitable if it were not for another subsidiary that is losing money, Eden Games, analysts say. A reorganized Atari may develop games for phones and recycle some of its historic moneymakers, including "Pong," and a compilation of its "greatest hits," the Times said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gamemaker atari files for chapter 11 gamemaker atari files for chapter 11

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gamemaker atari files for chapter 11 gamemaker atari files for chapter 11

 



GMT 14:49 2017 Sunday ,19 February

Not going to sledge Kohli, hints Warner

GMT 09:24 2018 Wednesday ,12 December

LuLu supports KFUPM Rectors Cup marathon

GMT 12:53 2017 Friday ,03 November

HM King praises UN role

GMT 22:08 2017 Thursday ,30 November

UAE and Chile sign MoU on entry-visa exemption

GMT 12:31 2017 Wednesday ,15 February

British FM hails new Gambia leader, vows stronger ties

GMT 19:00 2017 Wednesday ,22 March

Foreign Minister Meets 2 Senior U.S. Congress Members

GMT 14:18 2015 Saturday ,20 June

Braun to launch Series 9 men's shavers

GMT 21:28 2017 Tuesday ,26 September

Syrian army units foil terrorist attack

GMT 15:46 2017 Sunday ,27 August

Iraqi forces poised for victory over IS

GMT 12:24 2017 Thursday ,09 February

Miracle crop: Can quinoa help feed the world
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday