US market battering losses
Following on from Atari’s heavy losses which we covered last week, Infogrames, Atari’s parent company, has filed a net loss of €149.8 million for 2005/2006.
The France based publisher has performed well in Europe and Asia with profits of €5million and €1.4million for those markets but the US market is hurting Infogrames with Atari’s USD$ 67 million loss for last year.
The same forces as those to blame for Atari’s troubles were to blame for Infogrames position, with the added burden of Atari’s losses piled on top. Infogrames operating loss for this year tops the €154 million mark… which is an appreciably lat=rge increase on the €33.9 million loss for last year.
Given these poor figures it’s very likely that further restructuring and job losses will result, following on from Atari’s streamlining in February which saw 20% of the workforce go.
Despite this, Infogrames and, in turn, Atari, remain committed to key titles such as Test Drive Unlimited, Alone In The Dark and Dungeons and Dragons. Having played running code of all these games, here’s hoping these titles can do the business and pull both Infogrames and Atari out of the mire…
