SCi facing investor assault; management asked to resign
SCi Entertainment, parent company of Eidos, is under assault as investors demand the resignation of top executives. The Times reports things crumbled like a booby-trapped tomb after the company's stock plummeted last week following the announcement that management was pulling out of buyout talks; making matters worse was the discovery that SCi borrowed £30 million ($59 million) just to stay afloat until the end of the year.
Despite SCi having a recent hit with Kane & Lynch: Dead Men, the announcement that several major titles -- including the latest Tomb Raider -- are not releasing until holiday '08 is causing concerns about the company's financial situation. We'd make fun of how SCi managed to screw things up this badly during a time of record industry growth, but Atari is still light-years ahead of them in that department.
[Via GI.biz]
Despite SCi having a recent hit with Kane & Lynch: Dead Men, the announcement that several major titles -- including the latest Tomb Raider -- are not releasing until holiday '08 is causing concerns about the company's financial situation. We'd make fun of how SCi managed to screw things up this badly during a time of record industry growth, but Atari is still light-years ahead of them in that department.
[Via GI.biz]












Reader Comments (Page 1 of 1)
NATO_Duke @ Jan 14th 2008 10:36AM
Just make some more uninteresting Croft titles for every system, using the same story again, and enough lemings will buy it to make you look good.
Wait, you've done that? Damn.
baby sea tuna @ Jan 14th 2008 11:08AM
Hey now, the last one was pretty good.
...or at least I thought so until I had Uncharted to compare it to!
Cyro @ Jan 14th 2008 11:02AM
It's all down hill from here....
iconmaster @ Jan 14th 2008 11:20AM
Gerstmann avenged?!
Gangsta Smurf @ Jan 14th 2008 11:40AM
Nothing shall escape the Curse of the Gerstmann.
thispaceforsale @ Jan 14th 2008 11:40AM
damn, the people running the company are mismanaging just when they had figured out who should be developing the tomb raider games.
It is also unfortunate that shareholders are mistakenly dictating when games should be released rather than the quality level of games being released.
FidliousWong @ Jan 14th 2008 12:43PM
I know, right? How dare those stock holders actually expect a return on their investment? Especially when the thing that was keeping the stocks even remotely acceptable was the discussions on a buyout which would have put those stockholders into a favorable position in a company that could run itself.
Let's put it this way, when you buy stocks, you could give fuck all about the quality or lack thereof of the product. I would invest in chocolate assholes if the company CEO showed he could find a way to market chocolate assholes to morons and turn a profit. Would I ever eat chocolate assholes? No, they're assholes. But I'll definately watch as I profit from that business.
A stockholders role is to invest in a company that he/she feels could be run to return a profit on that investment. SCi has proven they cannot do that. Game quality means dick if 50 Cent Bulletproof does good and Okami does bad.
Gangsta Smurf @ Jan 14th 2008 12:52PM
@FidliousWong
Chocolate Assholes, you say? I think you're on to something there.
nez @ Jan 14th 2008 12:11PM
curious if this will have any effect on DX3 development....
mat parker @ Jan 14th 2008 1:02PM
WHy am I expecting three to six weeks from now Microsoft to have grown slightly and Lara to have developed an attraction towards MC? All while all talk of a PS3 version of Deus Ex 3 vanishes
refinedsugar @ Jan 14th 2008 1:02PM
Wow, nice pix. That tank top should resign.
Zorink @ Jan 14th 2008 2:58PM
"booby-trapped"- tee hee.
JRM @ Jan 14th 2008 3:49PM
I guess that explains their fiasco with Gamespot/Gerstmann. They absolutely NEEDED kane & lynch to succeed...and the Eidos people were obviously pressured by all sides to hold a gun on Gamespot's head (which, in turn, passed the buck to Gerstmann).
I wouldn't be surprised if the whole gamespot thing was a "sure-thing" plan, created in the background by some ass-kissing group of execs, which turned completely sour in the end.
James @ Jan 14th 2008 4:09PM
Funny how Lara has changed over the years, even out of the game shots you can see how she's now modelled more for US audiences. Try to make her look overly slutty rather than "blessed" and keeping adding tan. Doesn't Lara spend her outdoors time in frozen settings? (Yes you can get a tan in them areas but theres no sign of hat or goggle tan lines...)
Thankfully most of us Brits find Leslie Ash hideous after her (and probably a lot before) cosmetic surgery blunder. Still if they make a new Tomb Raider film at least they'll have a leader actress.
drun @ Jan 14th 2008 8:48PM
Now...if they make a topless version...or a topless patch for existing games...
Nuh...3D boobbies are no good to see...
Maybe there will be an enemy in Underworld looks like Gerstmann.