"Losing Acclaim... pun intended. UPDATED " - discuss
Comic Type: The Zapper! |
Posted: Tuesday August 31st, 2004
- [ Size: 300x465 ]
Acclaim has filed voluntary Chapter 7.
This means the complete liquidation of all assets. Simply put... no more Acclaim.
Original Post (8/31):
The news behind today's comic isn't much of a suprise to the truest console game enthusiasts, but for someone like me it was a bit of a shock.
Acclaim is one of those names you've seem on games forever. But, of late they've been struggling severely.
Back in July it was reported that due to non-payment of royalties Acclaim was losing the licenses to the Turok Series and the rights to use player names and likenesses from Major League Baseball in any of their games. - Al @ GamerWinners.Com
Around the same time Acclaim was sued by BattleBorne for not paying for development on the game Combat Elite: WWII Paratroopers and saying they were going to release the game DESPITE non-payment. - Justin Calvert @ Gamespot.Com
Most recently, August 23rd, Acclaim issued a press release notifying the public that they'd lost their primary lender and that they'd recieved notice from NASDAQ that they were going to be delisted.
Last week they sent their employees in NewYork and both UK offices home.
Now, apparently they've done well to always catch a break at the last minute. This time, it just doesn't seem to be so. So, the electric glowing blue cylinder of doom seems to have honestly claimed another victim. And this time... it's not just a game, it's a whole damn company.
[ discuss ] - replies ( 34 ) last post by: Jhimaielin
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