Acclaim may file for Chapter 7 liquidation - reports

[Vincent]

I wasn't entirely sure where to post this, but it seemed appropriate to be in here (I don't really know that much about Acclaim or what games they had out for the Amiga).



According to GamesIndustry:

Previous rumours of Chapter 11 plans may have been over-optimistic

No official statement or filing has yet been made regarding the future of embattled publisher Acclaim, but sources at the company and media reports alike have indicated that the firm intends to plan for Chapter 7 liquidation.

Under the terms of Chapter 7 bankruptcy, Acclaim would cease operations, liquidate its remaining assets and use the proceeds to pay back as much of its substantial debt as possible - although creditors are unlikely to see anything close to the full amount of their debts.

This is a much more final solution than the Chapter 11 bankruptcy which was being mooted by sources at the company late last week; Chapter 11 would have allowed Acclaim to continue trading while an effort was made to restructure its debts.

:-(

[Vincent]

I completely forgot it was them that did The Simpsons :-o

/me owns up that he has vs the Space Mutants for the Miggy and Speccy

[Vincent]

Turambar wrote:
Acclaim were publishers as well as developers, they recently publish Team17's Worms3D.

Bummer, I hope Team17 can get another publisher for Worms Forts: Under Siege. I actually liked 3D (I know, shame on me ;-) ) but it's still nowhere near as good as DC on the Miggy :-D

--Edit--

Looks like it's ok for Europe, the publisher here is Sega, but in North America it's Acclaim.

[Vincent]

Gav wrote:
Burnout......

Smeg! I liked Burnout 2 and 3 looks great.