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AuthorTopic: Acclaim bankruptcy warning  (Read 603 times)

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Offline Vincent

Acclaim bankruptcy warning
« on: July 07, 2004, 02:17:12 PM »
I know this isn't really about Amiga games, but I thought this was the best place to put it...

Acclaim warns of possible bankruptcy
After reporting a $25.4 million loss in its last quarter, the troubled publisher reveals it must find new financing by August.

Today, Acclaim released its earnings for the financial year ending March 31, 2004. The figures were grim: The company reported a net loss of $56.4 million for its 2004 fiscal year, with net revenues down $67.4 million from the previous year ($142.7 million versus $210.1 million).

And if that wasn't enough...

BattleBorne Entertainment suing Acclaim
BattleBorne Entertainment sues Acclaim for alleged breach of development agreement, release of Combat Elite: WWII Paratroopers delayed.

Bugger :-(
"Oh no. Everytime you turn up something monumental and terrible happens.
I don\'t think I have the stomach for it." - Raziel