It's hard to believe that only 10 months have passed since Acclaim gave up the struggle for life, and filed for Chapter 7. After some fantastical spending, bizarre PR stunts and appalling sales, the company keeled over with debts of over US$100 million, and less than US$50 million worth of assets to show for it. On its way to doom, the company managed to lose its lucrative deal for Criterion's Burnout, run into legal trouble with Dave Mirra over some jiggling boobies and BMXs and, in its final months, forcibly lose its rights to the Turok and All-Star Baseball brands.
Following its demise, assets were stripped to rake back investor money as quickly as possible, leaving racing title Juiced to be saved by THQ. Even the boardroom table wasn't safe from the auction room hammer. It all seems a lifetime ago, with only Juiced's recent chart-topping sojourn to serve as a reminder.
Now it seems the cadaver is still warm. Today, New York Newsday reports that the trustee for the erstwhile publishing giant has reached a pending agreement to sell the rights to the Acclaim Entertainment name. Should everything reach completion, the new owner will be venture capital firm Central Investment Holdings LLC, which offered just US$100,000 for the rights. No indication has been given as to the company's intentions for the name. The trustee has also announced provisional agreements to sell ATV Quad Power Racing 2 and the Dave Mirra Freestyle BMX series to Crave Entertainment, totalling a value of US$120,000.
Remember folks, these deals are still unfinalised. If you can make the trustee a better offer, those rights could be yours. You could even change your name to Mr Acclaim Entertainment!
Following its demise, assets were stripped to rake back investor money as quickly as possible, leaving racing title Juiced to be saved by THQ. Even the boardroom table wasn't safe from the auction room hammer. It all seems a lifetime ago, with only Juiced's recent chart-topping sojourn to serve as a reminder.
Now it seems the cadaver is still warm. Today, New York Newsday reports that the trustee for the erstwhile publishing giant has reached a pending agreement to sell the rights to the Acclaim Entertainment name. Should everything reach completion, the new owner will be venture capital firm Central Investment Holdings LLC, which offered just US$100,000 for the rights. No indication has been given as to the company's intentions for the name. The trustee has also announced provisional agreements to sell ATV Quad Power Racing 2 and the Dave Mirra Freestyle BMX series to Crave Entertainment, totalling a value of US$120,000.
Remember folks, these deals are still unfinalised. If you can make the trustee a better offer, those rights could be yours. You could even change your name to Mr Acclaim Entertainment!
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Comments
Joji 20 Jul 2005 14:08
1/4
Talk about Return of the living Dead. Would be nice to see Acclaim games back on our shelves again. They'd have to create some good fresh games though.
NiktheGreek 20 Jul 2005 14:19
2/4
The only game I'm particularly interested in seeing from Acclaim's dying days is The Red Star (which you might remember from a demo on the Official Xbox Magazine). It's a bit like Cannon Spike, but with larger environments.
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ohms 20 Jul 2005 15:27
3/4
NiktheGreek wrote:
The only game I'm particularly interested in seeing from Acclaim's dying days is The Red Star.
It's readily available from all good torrent sites, and it's a pretty good too, nice 2-player co-op mode.
NiktheGreek 21 Jul 2005 19:21
4/4
ohms wrote:
NiktheGreek wrote:
The only game I'm particularly interested in seeing from Acclaim's dying days is The Red Star.
It's readily available from all good torrent sites, and it's a pretty good too, nice 2-player co-op mode.
I think I'm the only person left in the world without a chipped Xbox, so I'll have to wait and actually buy it (I know, complete fool). This is one of those things I'd actually download too, going on past leaks like Propeller Arena.