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Acclaim Entertainment Files for Bankruptcy

Posted by michael on from the insert-credit-to-continue dept.

Prof. Jonathan Ezor, Touro Law Center writes "According to this story in Long Island Business News, Acclaim Entertainment has filed for Chapter 7 bankruptcy in the Eastern District of New York bankruptcy court, meaning it will liquidate its assets and shut down. The story states in part, 'Computer game maker Acclaim Entertainment (Nasdaq: AKLM) has filed for voluntary Chapter 7 bankruptcy, which would result in the liquidation of the company's assets. The company filed papers in U.S. Bankruptcy Court in Central Islip that estimated its debts at more than $100 million and its assets at $10 million to $50 million. The filing said it had more than 200 creditors.' Game Over."

14 of 118 comments (clear)

  1. There's Crazy Taxi, and then there's not. by captnitro · · Score: 5, Funny

    With recent titles such as American Pro Trucker and Mary Kate and Ashley: Sweet 16, it's almost hard to believe they were losing money.

    1. Re:There's Crazy Taxi, and then there's not. by Anonymous Coward · · Score: 5, Funny

      With recent titles such as American Pro Trucker and Mary Kate and Ashley: Sweet 16, it's almost hard to believe they were losing money.

      I just know there's a great joke here about increasing revenue by combining the two titles, but either I'm above making it or I can't quite figure it out.

    2. Re:There's Crazy Taxi, and then there's not. by rudy_wayne · · Score: 2, Funny


      Now that they are 18, "Mary Kate and Ashley: American Pro Trucker Gang Bang"

    3. Re:There's Crazy Taxi, and then there's not. by Oliver+Wendell+Jones · · Score: 2, Funny

      "I'd buy that for a dollar!"

      --
      A computer once beat me at chess, but it was no match for me at kick boxing -- Emo Phillips
  2. As usual, Penny Arcade predicted this by OldMiner · · Score: 4, Funny

    On July 9th of last year, Penny Arcade predicted this, perhaps in not as many words. And, they had the good class to make a cat catapult while they were at it. Is there anything Tycho and Gabe can't do?

    --
    You like splinters in your crotch? -Jon Caldara
    1. Re:As usual, Penny Arcade predicted this by Kris_J · · Score: 5, Funny

      I prefer this one as an insight into why Acclaim ran into problems.

  3. Creditor info... by shfted! · · Score: 3, Funny

    So if I'm a creditor, where do I file if I have acclaim against them?

    --
    He who laughs last is stuck in a time dilation bubble.
    1. Re:Creditor info... by EnVisiCrypt · · Score: 4, Funny

      It's a shame that the spelling so bad here on slashdot that people are actually missing the joke and are giving the guy advice on how to proceed.

      Geesh. What a bunch of maroons.

      --


      *everything* is Orwellian to cats.
    2. Re:Creditor info... by RsG · · Score: 2, Funny

      I've come to realize that /. readers suffer from a collective case of humor constipation. Puns especially seem to get stuck in the slashcolon.

      The moderation system needs a new option; -1 Ex-Lax. Moreover we need to get some fibre in our news stories.

      --
      Erotic is when you use a feather. Exotic is when you use the whole chicken.
  4. This is conclusive proof! by Deadguy2322 · · Score: 3, Funny

    God is Alive and benevolent!!!

    --
    Check out my foes list to see who is so retarded that they can't use the signature line!!!
  5. *Rips off mask to reveal skull* by Anonymous Coward · · Score: 5, Funny

    Bankruptcy Wins...

    FATALITY

  6. hmmm by XO · · Score: 1, Funny

    Aside from the GOOD versions of Mortal Kombat and MK:2, everyone I know always referred to Acclaim as "ACK! LAME!" .. because almost all of their titles sucked ass.

    --
    "Champagne for my real friends - and real pain for my sham friends!" http://ericblade.postalboard.com/
  7. who needs the 'recent' hits? by muel · · Score: 2, Funny

    I mean, didn't everyone assume that Acclaim could rest its laurels on its old super-hot franchise?

    You know what I'm talkin' 'bout... IGGY'S RECKING BALLS. The one where a bunch of balls, you know, "recked" each other.

    Yup. All five of you balls-lovers remember that one, I'm sure.

    (let's see how long until someone combines the trucking, olsen and recking game titles......)

  8. In other words... by Eil · · Score: 2, Funny


    In other words, they missed the swinging rope and finally fell into the tarpit.