Atari amounts yearly loss of $67m

by Blake Snow { Jun 14th 2006 at 11:05PM }

Atari posted a loss of $67m for their fiscal year today but is still committed to publishing big-budget games, confirms a company representative. From the company's quarterly statement: "As the year-end results were substantially below the Company's expectations, the uncertainties resulting from the Company's financial condition raise substantial doubt about the Company's ability to continue as a going concern."

In related news and after several delays, Atari has finally begun development on Gigli: The Game.

Reader Comments (Page 1 of 1)

Sjohn @ Jun 14th 2006 11:51PM

This kind of worries me about the future of Test Drive Unlimited, what if Atari buckles before the release, or worse I would think, right after the release, will MS support the servers for the game or will the game turn into an offline only game? From what I could tell on the demo it won't be that great without the online features, so I sure hope something is in place just incase they don't make it.

ill trooper @ Jun 15th 2006 12:18AM

This is an age-old problem: Atari staying in business. Such a bummer. They should be given a permanent budget from the U.S. government to stay in business, solely for having the RADDEST LOGO of all time.

Clint (Neon360) Thompson @ Jun 15th 2006 7:59AM

It's really sad to see them losing so much money but I blame it on their bonehead CEO, lack of focus and trying to chew way more than they can handle.

Test Drive isn't the only game to be worried about, I thought Timeshift was going to be awesome as well but it's been sold to someone else already, I just hope it lives up to what I'm expecting from it... it really does look like a good game for a change *seems to be rare for Atari to have good/better games as of late* and then this.