3DO Files For Bankruptcy

Posted by simoniker on Wednesday May 28, 2003 @04:24PM from the three-times-doh dept.

Thanks to an anonymous reader for pointing to a Reuters report via Yahoo News announcing that game publisher and developer 3DO has filed for bankruptcy. As the article indicates, the former console hardware creator "..has struggled to gain a foothold in the competitive games business and has relied on Chief Executive Trip Hawkins for recent funding." Even a recent attempt to buck their reputation for bad quality games by funding higher-budget titles such as 'Four Horsemen Of The Apocalypse' seems to have ended in failure, since industry sources are indicating all except 20 employees have been laid off, effective today, as the company looks to sell its properties.

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Meridian 59 by Anonymous Coward · 2003-05-28 16:33 · Score: 0, Flamebait

NO MORE MILKING A DEAD CONSOLE AHAHAHAHAHAHAH.

(For the history, see the 3do console, and their licenses which lasted longer than the console ever did.)

The only good thing they ever did was buy meridian 59 fund it, and then sell it. I hate this company their support was horrendous. The infighting within the company was ridiculous, and their stupid ventures (MIGHT AND MAGIC ONLINE) cost their shareholders millions while netting no product.

Good riddance, and I wish the worst for Trip.

For the 50 or so decent folks still left at 3d0H I feel for you, but at least you didn't get canned back when Trip ran outa money.