Ubi could lose $2m from Woolworths collapse
by Jason Dobson 
{ Dec 11th 2008 at 8:00PM }
Woolworths' going under is likely to be the subject of water cooler talk at other publishers as well, with UK tabloid The Sun suggesting earlier this week that both Microsoft and Nintendo could end up losing the millions of pounds currently owed to them by EUK. Truly the game industry is not insulated from the effects of the world's ongoing financial hardship. It's just unfortunate that in this global crisis, there is no Elika around to pull publishers back up to safety.
Reader Comments (Page 1 of 1)
Sora @ Dec 11th 2008 8:05PM
From this article, it's impossible to tell WHY they're going to lose $2m.
jonaswan1 @ Dec 11th 2008 8:13PM
I think the main reason is as follows: Woolsworth bought a whole lot of Ubisoft crap on credit. Woolsworth can't pay back Ubisoft (for obvious reasons). Ubisoft loses a ton of money.
Strategy_Panda (the artist formally known as Titanium_Orchid) @ Dec 11th 2008 8:14PM
I also found the article kind of confusing.
It might be that Woolworths' distribution branch owes Ubi money.
"...Nintendo could end up losing the millions of pounds currently owed to them by EUK"
I would guess the same goes for Ubi
Superstar90 @ Dec 11th 2008 8:05PM
I guess their "BIGGEST SALE EVER" wasn't BIG ENOUGH.
Jon2309 @ Dec 11th 2008 8:06PM
Yeah, I'm losing my job in 2 weeks. Woo.
Hooray It's Rob! @ Dec 11th 2008 8:10PM
And stay out of Woolworths!
Alien Lord @ Dec 11th 2008 8:11PM
Ubisoft, MS, and Nintendo will survive as will the games industry but still this must sting.
Kirmas @ Dec 11th 2008 8:12PM
Woolworths buy stock off EUK, EUK off publishers. Woolworths cant afford to pay back EUK, EUK cant afford to pay back publishers. Its a knock on effect. But for the places that dont go via EUK (GAME, Gamestation, independents), its a massive boost, as publishers are now forced to redirect all that stock via these outlets
BigD145 @ Dec 11th 2008 8:16PM
What's this? More companies either loaning or borrowing and somebody gets the shaft as bad business decisions are made?! Say it isn't so. It's unpossible.
NOT ME @ Dec 11th 2008 8:18PM
i remember when we have woolworths in nj
Cox Attack @ Jan 7th 2009 2:21AM
You too? I had one in New Jersey by me. Right next to the bowling alley haha.
dumbomorton @ Dec 11th 2008 8:50PM
woolworths owns EUK thats the problem
Ignatius @ Dec 11th 2008 8:47PM
I love that movie.
Ignatius @ Dec 11th 2008 8:48PM
And I tried to reply to a comment. Joy.
O' Joystiq's good commenting system, where art thou?
Jake B @ Dec 11th 2008 8:56PM
I didn't know Woolworth's is now Footlocker in the US. They are still doing pretty good off of Jordan's I would think.
Diskoboy7 @ Dec 11th 2008 9:29PM
Woolworths. Now that's a name I haven't heard, in quite a while.
I guess I'm gonna be the first old fart to mention it's little brother, Woolco. The Wal-Mart of the 1970's.
Oh, how I miss that store. Atari 2600 games were usually about $5 cheaper than most of the other stores. All (U.S. Stores) gone in 1984.
chispito @ Dec 11th 2008 9:36PM
Was it just the one Woolworth's, or was it all of them?
Snowblind @ Dec 12th 2008 5:41AM
All of them, the company is dead.
munial @ Dec 13th 2008 6:52AM
quote recognition fail
Giroro @ Dec 12th 2008 12:09AM
Do ya think thats just the one branch, or all of them.
mazza_man @ Dec 12th 2008 6:08AM
I bought a box of Cadbury's Milk Tray chocolate from Woolworths just yesterday. Cost me £5 that did. 'Biggest sale EVER' my arse...
jackoz @ Dec 27th 2008 3:08PM
Woolworths is still alive and thriving down under. It's a great grocery store that is Australia's second largest employer.