Atari Purchases Cryptic Studios For $26.7 Million
Trevor DeRiza writes "Early this morning, Atari announced that they had purchased US MMO developer Cryptic Studios for an initial 26.7 million USD, along with a possible 20 million USD bonus for future performance. Cryptic has three games coming out in the next three years: Champions Online (2009), Star Trek Online (2010), and a secret project (2011). All three will now be released under the Atari logo."
This is welcome news in light of all the recent troubles in the MMO market.
Hopefully Champions Online gets some additional funding due to this buy out. It could be a really awesome game if it gets enough funds. Cryptic and Jack Emmert designed City of Heroes and they learned from the mistakes made in that game. If Atari can just keep from meddling in the development cycle of CO (ie pushing it out too soon or trying to WoW-ify it), they might have a great game.
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