Acclaim Closings

A story on MCV (thanks Frans) indicates the bad news just keeps getting worse for besieged developer/publisher Acclaim, which looks to be entering its death throes with some closing announcements:
The company earlier this week announced that it was seeking additional funding, but warned that bankruptcy was a possibility. Sadly, that now looks like being the reality.

Yesterday, the Acclaim Texas facility was closed and this morning the publisher’s Manchester studio was shut down with a loss of 130 jobs. Meanwhile, the European head office in Kensington is not answering its phones.

A announcement to NASDAQ is expected this afternoon.
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First Origin, now Acclaim...
Aug 27, 2004, 21:43
24.
First Origin, now Acclaim... Aug 27, 2004, 21:43
Aug 27, 2004, 21:43
 
It's not looking good for the local Austin game development industry recently. I've talked to ppl about how even thou "sales-wise" the gaming industry is rivaling the movie industry, development(developer)-wise, things are not all that rosey.

If what I've heard is true, it's not like Acclaim had the best publisher-developer relationship with their Austin studio (formerly known as Iguana Studios). It's not hard to see why the founder (with other top management and possible talent) left and started Metro Studios.

Anywho, hope the best for the ppl now out of work.

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First Origin, now Acclaim...