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Atari files for bankruptcy



Atari, creators of Pong and all things retro, have filed for bankruptcy.

According to the L.A Times, Atari North America has filed the petition in order to cut itself loose from its French parent company, which is drowning under a sea of debt.

The main aim of the bankruptcy is for Atari US to escape from its parent company and form a brand new organisation, allowing it to continue on mobile adaptations of Centipede: Origins and Outlaw, Dungeons and Dragons, and Rollercoaster Tycoon.

Atari was founded in 1972 by Nolan Bushnell and Ted Dabney although was later split into two?separate?companies, changing hands many times before eventually becoming one again thanks to its current owners,?Infogrames. The original Atari is credited with the formation of the video arcade and modern video game industries.

Edited On 21 Jan, 2013

Comments
( 22 )
0000000000's avatar
0000000000 4 years ago
no way im gutted :(
Pyroloveridge's avatar
Pyroloveridge 4 years ago
with the french government taking 75% in tax for anyone/company who earns over a certain amount i'm not surprised they went down the proverbial shi**er
MrHighway's avatar
MrHighway 4 years ago
All these companies that are bankrupting, going into administration etc (THQ, Atari to name a few) is quite sad really, they all made fantastic games at one point but the game scene seems to be stagnating slowly with big names monopolising and new IPs struggling..
Anonymous user's avatar
Alan 4 years ago
Will wear my Atari tshirts in support. A company that has given me so much over the years. Still got my atari 2600 in the loft. Them were the days...
rick75fowler's avatar
rick75fowler 4 years ago
damn yet another company falls damn this company been going years even i remember the first game and console they brought out sad shame :(
Anonymous user's avatar
Luke 4 years ago
Oh snap! Not another company. :(
troublemaker's avatar
troublemaker 4 years ago
I could feel my childhood memories slipping away reading this. It's a shame, but it was a smart move on their part. Dwindling sales, fighting with bigger pulishers and extortionate amounts of tax charged in their home country, Pulling away from france is a must!
Tepic's avatar
Tepic 4 years ago
This isn't the Atari of old. They went in the early 90s. Infrograms bought the name and IP and milked it for all it is worth. If Atari US manage to break away it must be a good thing.
iMerle iDixon's avatar
iMerle iDixon 4 years ago
As much as I respect them for essentially creating the video game genre, but they failed to move along with the times, and sadly that's the world today evolve or die.
PrometheusFan's avatar
PrometheusFan 4 years ago
Uh oh... looks like I'd best be downloading Daggerdale for PS3 before it's delisted then!
Beazi's avatar
Beazi 4 years ago
This is awful news. Is there going to be anyone left at the end of this year?
Dead's avatar
Dead 4 years ago
Don't think this was the original Atari, just a company that bought the name, so not too bothered really, as the real Atari died a long time ago.
Beazi's avatar
Beazi 4 years ago
I agree with you on that Gloria. The real Atari I think was bought out by Midway; then the remaining area of Atari bought out Infrogrames who gave us rubbish such as Driver 3 and I think thats the bit thats gone under. Like you say if I am right about Midway acquiring Atari, it died a long time ago
Joe2120's avatar
Updated based on what I know of the history.
Joe2120 4 years ago
Datastatic's avatar
Datastatic 4 years ago
Sad to hear this. The Atari name will always have value though so it will come back again hopefully in a bigger and better form. Its not the Atari of old, but hey they Atari of old was not amazing all the time. Its what it stood for that counts. That wont change.
Robichoico's avatar
Robichoico 4 years ago
This is what happens when you get behind the times and release stuff like Rollercoaster Tycoon 3DS unfortunately
amd500's avatar
amd500 4 years ago
Real shame this. Will always remember them as a great company even though I can't remember the last game they actually made.
Anonymous user's avatar
Chris 4 years ago
They never should have published eden's abomination sequel to one of my favourite games of all time. Might have saved them.
J-D's avatar
J-D 4 years ago
its been a long time coming but now E.T can finally rest in peace still hmv, then blockbuster now atari, christ....
Deltadee's avatar
i know it sucks i loved HMV there are no shops that sell Dvd/bluerays on the highstreet really anymore, plus i loved ataris opening in games was so awesome ATARI
Deltadee 4 years ago
Kizzy's avatar
Kizzy 4 years ago
All those memories....Can't believe there bankrupt :(
Bindiana's avatar
Bindiana 4 years ago
Sad to see another game company with history go to the wall.

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