News Acclaim Files for Chapter 7 Bankruptcy

Discussion in 'Article Discussion' started by GreatOldOne, 2 Sep 2004.

  1. GreatOldOne

    GreatOldOne Wannabe Martian

    Joined:
    29 Jan 2002
    Posts:
    12,092
    Likes Received:
    112
    Acclaim used to a big hitter in the field, If I recall correctly. Shame that it's come to this, along with the ignominy of being sued by the Olsen twins. This from Reuters:

    NEW YORK (Reuters) - Video game publisher Acclaim Entertainment Inc. on Thursday said it filed for bankruptcy after failing to line up new financing for a credit line that expired last week.

    The Glen Cove, New York, company, which publishes such games as "Combat Elite" and "Alias," said it filed to liquidate its assets under Chapter 7 of U.S. Bankruptcy Code. It filed in New York.

    Acclaim has struggled with in the highly competitive video-game market, lacking breakout hit titles needed to compete.


    More here
     
  2. Carbon

    Carbon Banned

    Joined:
    8 Jan 2003
    Posts:
    1,912
    Likes Received:
    2
    Its a damn damn shame.


    Why are the olsen twins sueing?
     
  3. acrimonious

    acrimonious Custom User Title:

    Joined:
    8 Nov 2002
    Posts:
    4,060
    Likes Received:
    3
    What's that delicious smell?

    mmmmm, mmmmmmm, fresh abandonware :D
     
  4. Froggy

    Froggy What's a Dremel?

    Joined:
    10 Jun 2003
    Posts:
    3,511
    Likes Received:
    0
    Yes, but its sucky abandonware.
     
Tags: Add Tags

Share This Page