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Atari’s parent company, Infogrames, has released its annual fiscal results, and the news was not good! Apparently, the company lost nearly $320 million dollars in 2008-2009. That’s almost a 450% increase over last year’s loss of $72 million. Not surprisingly, it was also revealed that Atari’s Phil Harrison, former Sony executive and gaming figurehead of some note, has stepped down to a “non-executive director on the Atari board,” according to IGN. The company’s leadership is now left in the hands of David Gardner, Chief Executive Officer and Director, as well as Jeff Lapin, Chief Operating Officer and Director.
Infogrames blames the heavy losses on the massive restructuring the company has gone through over the past year. Next year the company is slated to return to profitability. In order to do so, the corporation plans on retuning the Atari brand by refocusing on existing franchises through its recent acquisition of Cryptic Studios and MMO titles for the North American market. Specifically, the report stated, “Cryptic Studios is working on the development of a series of new games based on Atari’s existing and historically successful IPs.” |
