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Shiny Sold

[Oct 02, 2006, 6:14 pm ET] - Share - Viewing Comments

Atari, Inc. Completes Its Strategic Divesture (thanks Frans) announces that Shiny Entertainment has been sold as the last stage of the fire sale referred to as their "strategic internal studio divesture." The new owner of Shiny is Foundation 9 Entertainment, though specific terms are not disclosed:

NEW YORK, Oct. 2 /PRNewswire-FirstCall/ -- Atari, Inc. (Nasdaq: ATAR - News) a leader in interactive entertainment, today announced the completion of the Company's strategic internal studio divesture through the sale of Shiny Entertainment to Foundation 9 Entertainment. The operational streamlining and portfolio refocus was announced by Atari in early 2006.

"The sale of Shiny Entertainment completes the final phase of our strategic restructuring," said David Pierce, President and Chief Executive Officer, Atari, Inc. "We now have a centralized organization that can utilize external studio execution while maintaining internal focus on creative development and production."

Atari will retain its current project planning formerly developed by Shiny, including Earthworm Jim. Financial terms of the agreement were not disclosed by the parties.

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Re: No subject

Oct 2, 2006, 19:39

shinchan0s

Hey! I enjoyed MDK. Then again, I also thought Battle Arena Toshinden was the shit when I was 13. I spent hours repeatedly sniping and nuking the same bad guys as they respawned because I hated platforming. Does anyone remember Messiah? Did that game ever come out? If it did I sure didn't know about it. That game was hyped beyond belief.

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