NostalGeek

Don’t Hate the Game, Hate the Player

Phil Harrison Steps Down from Atari President

atari_infogrames_logoAtari has been in trouble for a long time now. It was acquired by French company Infogrames (of which Mr. Harrison became president) and underwent serious changes last year.

As a result Infogrames announced annual net loss of €226.1M ($319.5M) for 2008/2009 mostly due to restructuring charges.
Phil Harrison announced that he would step aside after a year as president to be non-executive Director of the Group. He will continue to help with the company’s strategy.

Despite this their revenues have gone to €136.4M ($192.4M), up from €90.3M ($127.4M) last year.
Infogrames also announced that it would take the Atari name and move basis of operations to the U.S.

As far as games go they said that they canceled several games but did not give details as to which ones.

These are definitely tough times for the old firm but let’s hope they are able to weather the storm and become stronger in the process.

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May 29, 2009 - Posted by | Industry News, Video Game News | , ,

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