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Infogrames FY losses grow to 226.1m

Infogrames has posted a loss of €226.1 million for FY 2008-2009 – an increase on the €51.1 million it suffered in its previous year. The firm blamed ‘substantial write-offs and goodwill impairments’ on its publishing operations – as well as losses due to the exit of its distribution business in …

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Atari sells off distribution arm

Infogrames has sold its remaining stake in PAL-fulfillment arm Distribution Partners to Namco Bandai – signalling Atari’s latest step in its quest to eventually become an online-led publisher. Distribution Partners was formed last year, when Namco Bandai acquired a 34 per cent stake in Infogrames’ European and Asian distribution operations. …

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Infogrames net revenue up 45%

Atari’s parent company Infrogrames has announced an increase of net revenue of 44.5 per cent for its fiscal first half 2009-2009 ending September 30th. Despite falling 7.5 per cent, losses still totalled €85.67 million, though they were outweighed by a total net revenue for the period of €131.8 million, which …

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Atari: ‘We’ll be a billion dollar distributor’

Namco Bandai’s investment in Infogrames’ European and Asian distribution business will create an entirely new spin-off firm that could bring up to a quarter of the European trade’s games to market. That was the message from Infogrames CEO David Gardner as he revealed his company’s intentions to MCV. Namco Bandai …

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Infogrames strikes Namco Bandai deal

Namco Bandai has acquired a 34 per cent stake in Infogrames’ European and Asian distribution operations, in turn creating a new ‘standalone entity’ that will handle the distribution of both businesses’ boxed product as well as other publishers’ titles. The newly-formed group will boast Infogrames’ existing global distribution network, and …

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Infogrames sales up 80 per cent

Infogrames has posted a 79.8 per cent revenue rise for the quarter ending June 30th, with first quarter sales at 90.1 million euros. Infogrames stated in a release that its success has been down to the performance of Alone In The Dark and Dragonball Z, alongside a 208.6 per cent …

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Infogrames clarifies position on SCi deal

Infogrames made an offer for SCi back in April which it believed had The potential to be significantly value enhancing to both SCi’s and Infogrames shareholders”, but SCi ‘declined to entertain’ the bid. A clarification sent out to the City this morning confirms that while Infogrames has no current intention …

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Infogrames halves annual net losses

Atari parent Infogrames has halved its annual net losses from €103.1 million in FY2006/2007 to €51.1 million for this fiscal year. The firm has also forecast a return to profitability within 18 months. Operating losses were also cut year-on-year, from €61.8million to €45.5million. Revenues hit €290.7 million a decrease from …

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Apple Europe boss joins Infogrames Board

Infogrames has hired another big-name exec to help see through the ‘Atari transformation’, with former Apple general manager and vice president of EMEA Pascal Cagni becoming an independent director on the firm’s Board. The company, currently in the midst of a transformative revamp around its Atari brand, earlier this year …

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Atari Inc appoints new SVP of Sales

US video games publisher Atari Inc has appointed Tim Flynn as senior VP of sales. The new position is effective immediately, and Flynn will report to CEO and President, Jim Wilson. Flynn has more than 30 years of sales and retail experience in the video game and technology industries with …

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