informa
2 min read
article

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...
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.

Latest Jobs

Disbelief

Chicago, Illinois
05.10.22
Producer

Build a Rocket Boy Games

Edinburgh, Scotland
05.12.22
Lead Animation Programmer

Windwalk Games

Austin, Texas
05.16.22
Game Designer

Sucker Punch Productions

Bellevue, Washington
05.10.22
Campaign Director
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more