Atari Files For Bankruptcy
First time accepted submitter halls-of-valhalla writes "Atari was one of the very first video game companies, starting way back in 1972. However, this long-running name that brought us titles like Pong and Asteroids is having major financial issues. Atari's United States branches have filed for bankruptcy on Sunday. This bankruptcy is an attempt to separate themselves from their French parent which has quite a bit of debt. The plan is to split from the French parent and find a buyer to form a private company."
GAME OVER PLAYER 1
This is formerly Infogrames, who bought rights to the Atari name after the original went bankrupt.
A little basic fact-checking would have fixed this entry, "editors".
Hail Eris, full of mischief...
E pluribus sanguinem
I'm sure their patents are expired by now, but does anyone know if the entity currently named "Atari" still holds copyright to the old games?
... should stick to fries. What do they know about 8-bit gaming? Did Napoleon play pong? NO!
There's no continuity except name and certain property rights. Atari has been through bankruptcy before, and will likely go through it again.
Why? Because somebody will buy the name, which still resonates for some reason.
It's also why people go to Chuck E. Cheese's.
Infogrames bought not just the name, but the company. Yes, it's been through a number of acquisitions and mergers. So yes, the current Atari does, in fact, own the copyrights on the 70s and 80s games that everyone associates with it, and it is still the same company. It's not just a brand that someone is licensing around (like RCA).
But you're right, it hasn't really been Atari in the emotional sense since at least 1998 when Hasbro bought them.
Brent is exactly correct here: http://pvponline.com/comic/2008/12/08/they-love-the-80s/
All that is necessary for the triumph of good is that evil men do nothing.
Let them produce exclusive iOS games.
As per the Blade Runner curse.
Name your company Atari.
Now Atari. My formative years have just received a major nutshot.
Your childhood should not declare bankruptcy!
And it used to be called Infogrames, known for the 90s PC "Alone in the Dark" saga. Then they became a publisher and aquired the Atari brand to get their products more visibility.
Submitter links both to the original article in their summary, as well as a link to their own website, which in turn links to the original article. Yikes.
Atari has been struggling to answer the devastating ad campaign launched by one of its competitors.
Atari was named for a term in the game "go" in which a stone or group of stones are in danger of being taken by one's opponent and the player has only one option available to avoid this outcome . Kind of like bankruptcy. So it seems that Atari has finally reached a state of Atari.
Atari has been a shit company for decades now re-re-re-re-selling old games here and there and occasionally crapping out a new shit game but they basically have just been festering for awhile. Their demise is just fine, but the problem now is someone else will buy their library cheap and start re-re-re-re-releasing stuff again and taking old dead games and turning them in shovelware remakes to clog up store shelves.
Can we please launch a Kickstarter to buy all of the copyrights and IPs, and then make them Public Domain?
Barring uncovering something nasty during due diligence, I'd pay $0.25 for them if all unsecured debt and unwanted future obligations were canceled. Now if they demanded two quarters, that's another story.
Remember, a quarter isn't worth what it was in Atari's heyday.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
A friend of mine said a kid she knew wanted a birthday party at Chuck-E-Cheese's but Chucky was NOT invited.
What does that kid know that the rest of us don't?
Eat the power pill!
It is by the juice of the coffee bean that thoughts acquire speed, the teeth acquire stains. The stains become a warning
I am pretty happy I got an Atari Flashback a few years ago. It even has marks on the board so you can use it with the old cartridges. I will have to do that one day when I get some time.
See comments above about the cluster&*(# about licensing issues.
Knowledge is how to play a game, intelligence is how to win, wisdom is knowing what game to play.
There are many, many reasons why we should go back to the original copyright term of 14 years. None of those reasons benefit the current super-wealthy corporation conglomerates that continue to lobby the government for even more draconian copyright rules and enforcement practices...so don't expect it to happen anytime soon.
Atari has filed for bankruptcy several times now. Each an every time, someone buys the name and some IP, then they go bankrupt soon after. It's a curse!
This is nothing new at all for Atari, the company nearly folded in 1974 because Nolan appointed his brother-in-law, a psychologist to run Atari and went over like a lead brick... of course, then the huge profit losses in Dec 82' that nearly dragged Warner Comm down, and then its sale and split in July 1984... So this is yet another chapter in the long sorted drama of Atari... If you really want to know all there is to know about Atari, told directly by the employees themselves, you really need to head over to Amazon and pick up this incredible new book on Atari - Atari Inc. Business is Fun Check it out: http://www.amazon.com/Atari-Inc-Mr-Curt-Vendel/dp/0985597402
Infogrames bought not just the name, but the company [..] it is still the same company.
Not really, the "company" Infogrames bought and "continued" was merely Hasbro Interactive- and they themselves were merely an unrelated company that had purchased the Atari name and IP.
Quick rehash... the original "true" Atari Inc. ran into trouble following the 1983 US video game crash. It was split into arcade and consumer divisions; the former was "Atari Games" (later sold to Midway, who renamed it and eventually shut it down in 2003).
The latter was bought by Jack Tramiel and became "Atari Corp.", a legally separate company that nonetheless could still be seen as a spiritual continuation of Atari Inc's computer and console division.
Fast forward to the mid-90s, and all Atari Corp's recent products have flopped. The company is cash rich, but with no future, so Tramiel "merges" Atari Corp. with JTS, a second-rate hard drive maker. Since this is- in effect- just a means for him to transfer his investment to JTS, Atari Corp. basically ceases any meaningful operations at this point, remaining only a legal entity within JTS.
A couple of years later, JTS goes bankrupt, and Hasbro buys the Atari IP. No real connection with the original business(es) in any real sense, as there's nothing meaningful to continue by this point.
So, Hasbro weren't really "Atari" except that they bought the name and IP, and Infogrames aren't really either. Both successors that had any meaningful continuation of Atari Inc. (i.e. Atari Corp. and Atari Games) are both now long defunct with nothing left to continue.
"Slashdot - News and Chat Sites Deviant". (Click "homepage" link above for details).
Infogrames subsidiary needs cash badly. Infogrames subsidiary is about to die.
Where is the bailout money for Atari? Car companies got it. Banks got it. Why not show some love? People gonna lose their jobs n' stuff...
My Windows is NOT slow, it's special!
This company is one of a long line of owners of the "Atari" name. Just like Activision, this has nothing to do with the original company aside from the name and some licensed titles from the original company.
Kriston
Wow it isn't even the real Atari. It's Infogrames with the name Atari.
If you really want to get some clarity on who and what Atari was, at least up until 1984... then you really need to check this out: http://www.amazon.com/Atari-Inc-Mr-Curt-Vendel/dp/0985597402