Tag: Bankruptcy
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Atari filing for bankruptcy protection, selling logo, Pong and other titles
A collective “Noooo…” was cried across our office this morning as news of the latest struggling firm came in. This time it’s gaming legends Atari, as the company has filed for bankruptcy protection today. This follows on from retail chains HMV, Blockbuster and Jessops, who have all fallen down in the past 2 weeks by…
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THQ files for bankruptcy – Saints Row 4, Homefront 2 and Metro: Last Light’s futures uncertain
Games developer THQ filed for bankruptcy yesterday, putting an end to the months of speculation after uncertainty and layoffs throughout 2012. What this means for its library of upcoming and franchise games is that they may or may not be sold on, cancelled or even just left in the wind. The games developer have been…
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Kodak to Stop Making Digital Cameras to Cut Costs, Focus on Printers Instead
Eastman Kodak Company has announced that it will cease manufacturing of its digital camera, pocket camcorder and digital photo frame products during the first half of 2012. The company, who recently filed for chapter 11 bankruptcy and reorganisation, plans to cut three major sectors of its business in order to cut costs and streamline its…