In a move that might be repeated by other game makers struggling with the same issues of limited markets and console-centric development, Acclaim Entertainment announced it is filing for bankruptcy. The announcement from Acclaim comes as little surprise because the company has warned of its financial troubles and suffered both from licensee lawsuits and from delisting from the Nasdaq Stock Market. However, the 17-year-old company’s failure follows a general industry trend toward a smaller gamer audience.
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Acclaim Bankruptcy Highlights Digital Entertainment Woes
Posted by: Jay Lyman September 3, 2004 11:53 AMIn a move that might be repeated by other game makers struggling with the same issues of limited markets and console-centric development, Acclaim Entertainment announced it is filing for bankruptcy. The announcement from Acclaim comes as little surprise because the company has warned of its financial troubles and suffered both from licensee lawsuits and from delisting from the Nasdaq Stock Market. However, the 17-year-old company’s failure follows a general industry trend toward a smaller gamer audience.