Sponsored By

Atari revenues drop as company looks to sell Test Drive Unlimited 2 dev Eden Games

Longtime game publisher Atari has reported decreased revenues for its most recent fiscal year, while also announcing that it is looking for a buyer for what remains of Test Drive Unlimited 2 dev Eden Games.

Tom Curtis, Blogger

May 10, 2012

1 Min Read
Game Developer logo in a gray background | Game Developer

Longtime game publisher Atari has reported decreased revenues for its most recent fiscal year, and has sold off a number of its remaining assets to refocus its efforts on mobile games. For the fiscal year ended March 31, 2012, Atari's revenues reached $51.3 million (39.6 million euros), down from $77.8 million (60.1 million euros) in 2011. The company decreased its losses to $4.8 million (3.7 million euros) from $8 million (6.2 million euros), partially because it chose to divest some of its less-profitable assets. As part of this plan, Atari is looking for a buyer for Eden Games, the French studio responsible for the 2011 racing game Test Drive Unlimited 2. Atari laid off most of Eden's staff last year, and has since chosen to discontinue operations and sell off the studio's remaining assets. The company also chose to sell to its remaining stake in GameOne, a French television channel focusing on video games, anime, and more. As a result of this sale, Atari pulled in an additional $7.6 million (5.9 million euros). Atari also noted that revenues were down because it is still building its mobile games business. The publisher said it saw some "encouraging" performance from mobile games like Breakout: Boost, Atari's Greatest Hits, and Asteroid Gunner, which have collectively seen more than 10 million downloads so far. Going forward, the company plans to further emphasize its mobile and free to play games as well as maintain its existing suite of digital and online games. Update: The original version of this story incorrectly reported that Eden Games has been shut down. Atari informs us that there is still a team actively maintaining Test Drive Unlimited 2 at the studio.

About the Author

Tom Curtis

Blogger

Tom Curtis is Associate Content Manager for Gamasutra and the UBM TechWeb Game Network. Prior to joining Gamasutra full-time, he served as the site's editorial intern while earning a degree in Media Studies at the University of California, Berkeley.

Daily news, dev blogs, and stories from Game Developer straight to your inbox

You May Also Like