Atari to divest interest in Cryptic Studios
Posted: 18 May 2011, 06:34
http://www.gamasutra.com/view/news/3470 ... tudios.php
'As part of an earnings report today, Atari announced it has divested its interest in Champions Online developer Cryptic Studios, calling the development house a "discontinued operation" as of March 31.
'Atari will continue to support all current Cryptic products while the publisher looks to sell the studio, Gamasutra understands. Development on the Bay Area studio's Neverwinter project will continue as normal for the time being.
'"In line with the previously stated strategy of fewer but more profitable releases and further expansion into casual online and mobile games, the Company has determined that external development creates more flexibility in the changing marketplace," Atari wrote in justifying the move.
'The studio, which recently took Champions Online free-to-play, showed a €5.3 million ($7.5 million) loss for the 2010/11 fiscal year, up from a loss of €12.6 million ($17.9 million) the previous year.
'Founded in 2000, Cryptic is well known for its City of Heroes/Villains and Star Trek Online MMOs. The studio has been part of Atari since a 2008 acquisition.'
'As part of an earnings report today, Atari announced it has divested its interest in Champions Online developer Cryptic Studios, calling the development house a "discontinued operation" as of March 31.
'Atari will continue to support all current Cryptic products while the publisher looks to sell the studio, Gamasutra understands. Development on the Bay Area studio's Neverwinter project will continue as normal for the time being.
'"In line with the previously stated strategy of fewer but more profitable releases and further expansion into casual online and mobile games, the Company has determined that external development creates more flexibility in the changing marketplace," Atari wrote in justifying the move.
'The studio, which recently took Champions Online free-to-play, showed a €5.3 million ($7.5 million) loss for the 2010/11 fiscal year, up from a loss of €12.6 million ($17.9 million) the previous year.
'Founded in 2000, Cryptic is well known for its City of Heroes/Villains and Star Trek Online MMOs. The studio has been part of Atari since a 2008 acquisition.'