Acclaim in ?more cash needed? survival bid

$13 million to ensure firm?s future.

Posted by Staff
Turok Evolution
Turok Evolution
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MCV has today reported Acclaim Entertainment has received a further $13 million in private investment, ensuring the company?s future for the coming year.

The cash was raised through private stock placement, with loans from former executives Greg Fischbach and Jim Scoroposki accounting for $4 million.

Acclaim?s cashflow troubles have stemmed from poor sales of several key titles, including BMX XXX and Turok Evolution, both of which received massive marketing budgets.

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