What is happening over at Atari? It is appears that a number of its game projects are being cancelled in order to “improve the cash position”.
What Atari is planning on doing is restructuring the business and focus on what it considered “more cost-effective” mass-market and online games. What the company has done is canceled games there were seen as not making a return on the investment, also know as, games that were not going to turn a profit on what the company had already invested in it. This all comes on the heels of an announcement that Atari’s parent company Infogames has had a lost of €226.1 million for FY 2008-2009 which is up from a €51.1 million loss the year prior.
By the looks of it, it is going to take some major work to turn this lose into a win.