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Empire Interactive Slips To Loss

Officials from British publisher Empire Interactive (FlatOut 2, Taito Legends) have released new financial records which show that the company has slipped into a p...

David Jenkins, Blogger

July 4, 2006

1 Min Read
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Officials from British publisher Empire Interactive (FlatOut 2, Taito Legends) have released new financial records which show that the company has slipped into a pre-tax loss of £2.5 million ($4.6m) over the last fifteen months. For the period ended March 31st the company reported an income of £26.5 million ($49.0m), down from £29.4 million ($54.3m) a year previously. Total gross profit was put at £13.0 million ($24.0m), with operating expenses climbing to £15.4 million ($28.4m). The disappointing results were blamed on the delay of the just released FlatOut 2, as well as a “delay in entering distribution agreements pending clarification as to the future of the group”. This later is a reference to widely reported rumours of the publisher’s sale, with SCi/Eidos Interactive, Vivendi and RedOctane all previously linked to the company. Talks between these companies have now ended, although other discussions are apparently ongoing with other unspecified parties. Empire officials have remained buoyant as to the company’s future, pointing to a £1.4 million ($2.6m) operation profit during the last nine months and the expected success of FlatOut 2, as well as the forthcoming FlatOut: Total Carnage for the Xbox 360 and a number of other unspecified titles for the Nintendo DS, PSP, PS2 and PC.

About the Author

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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