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Atari has reported a decrease in revenue for its fiscal 2012, and in the wake of the results the publisher has begun some major restructuring.
The company’s reached $51.3m in revenue for FY 2012, down from $77.8m the year prior. Atari was able to decrease its losses from $8m to $4.8m at least partially due to the company’s decision to divest some of its less-profitable assets.
As part of the aforementioned plan, Atari shut down what was left of French studio Eden Games; the team responsible for racing title Test Drive Unlimited 2.
The publisher previously laid off most of Eden’s staff in 2011, and has now decided to discontinue operations entirely and sell off the studio’s remaining assets.
Additionally, the publisher also chose to sell to its remaining stake in GameOne, a French television channel focusing on video games, anime, and more. As a result of this sale, Atari pulled in an additional $7.6m.
Atari added numbers were down because it is still building its mobile games arm. Performances from mobile games including Breakout: Boost, Atari’s Greatest Hits, and Asteroid Gunner—which have collectively reached more than 10m downloads at the time of the report—have encouraged the company to refocus its efforts on the budding space.
UPDATE: An Atari spokesperson has contatced MCV to question the use of the term ‘closed’ in reference to Eden.
The statement reads: "Atari has begun the divestiture process, which means it is selling Eden and its assets, a process that takes time but ultimately means that the studio and its products still exist until further notice."
