Well that is certainly unexpected news. Atari has entered into an agreement to buy up Night Dive Studios. Night Dive Studios are responsible for the upcoming System Shock remake, Forsaken Remastered, Turok and Turok 2 remasters, Blood Fresh Supply, Quake remaster and many more.
Atari already owned a minority stake in Night Dive and they will now have 100%.
From the press release:
Wade Rosen, Chairman and CEO of Atari, commented: “Night Dive’s proven expertise and successful track record in commercializing retro IP is well-aligned with Atari’s strategy and I am confident that their combined talent, technology and IP portfolio will contribute to Atari’s future success.”
Stephen Kick and Larry Kuperman, principals of Night Dive commented: “Night Dive and Atari have a long history together and we know that Atari shares our passion for retro games and our focus on producing high-quality new and remastered games that do justice to the original IP. As we look to grow our business and expand our capabilities, we could think of no better long-term partner than Atari.”
According to Yahoo Finance, Night Dive Studios reported a revenue of $3 million USD for 2022, and Atari will acquire them for an initial $10 million USD half in cash and half in Atari shares, plus an "earn-out" of up to $10 million USD in cash over the next three years based on Night Dive's performance. This means if Night Dive do well, they'll get more money.
The acquisition is expected to be completed in April 2023.
Article taken from GamingOnLinux.com.
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The comments on this article are closed.
ElectricPrism Mar 23, 2023
The newest "Release Date" (estimate) on the System Shock Remake Steam Store page is May 30, 2023.
I'm curious if this has something to do with that.
They REALLY should work with the BioShock developers on SS2 Remake at some point since they made the other SS and SS2 and essentially Bioshock 1, 2 and Infinite are so similar.
Assuming there are no more release setbacks I hope Atari blasts their marketing on SS:2023 -- the demo was above my expectations or hopes.
I'm curious if this has something to do with that.
They REALLY should work with the BioShock developers on SS2 Remake at some point since they made the other SS and SS2 and essentially Bioshock 1, 2 and Infinite are so similar.
Assuming there are no more release setbacks I hope Atari blasts their marketing on SS:2023 -- the demo was above my expectations or hopes.
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slaapliedje Mar 23, 2023
Quoting: Craggles086What Atari classics do we want to see remastered?Asteroids recharged is a blast, just came out in the last few months.
The last decent Asteroid’s game I saw was the one released by Ambrosia Software, that was later open sourced.
And there was a two player variation I seem to remember having a lot of fun with on the PC, cannot remember the name as it was released about the time when Worms and Worms Reloaded were still very popular, so probably ancient.
Quoting: jordicomaWhat? Atari is alive? I thought that only were releasing their old games and the vcs.Yeah, they actually hired someone that is interested in releasing games, and supporting the VCS.
It's a zombie company eating another company. Hopefully don't become a zombie too.
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slaapliedje Mar 23, 2023
Quoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.Do you own one? I quite like the device. One of the issues with it, they screwed up on distribution and haven't been shipping to the UK/EU! People want them, but have to go through terrible means to get them.
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Quoting: slaapliedjeQuoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.Do you own one? I quite like the device. One of the issues with it, they screwed up on distribution and haven't been shipping to the UK/EU! People want them, but have to go through terrible means to get them.
No, people don't want the Atari VCS, it's good you like yours but People in general don't want it. It offers nothing anyone else does not, it offers less while demanding the same price as it's main competitors. They wasted time and resources that was supposed to go to the VCS into building a casino website with cryptocurrency, calling it Atari Casino, in order to make money.
The Atari VCS was a scam from beginning to end. They lied about devs lining up to port their games to it, they lied about it being a smaller and simpler alternative to the big gaming consoles, they released it with an unfinished server infrastructure and several other hardware and software issues, something that's openly being discussed in the VCS rubreddit.
It's good that you like, but most people don't like it, it received almost no positive reviews from established reviewers, its almost all criticism, and that's well earned criticism. Sales fell from decent to abysmal in just half a year due to the console not living up to Atari's hype.
Last edited by Mumrik93 on 24 March 2023 at 12:34 pm UTC
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slaapliedje Mar 24, 2023
Quoting: Mumrik93Have you seen the bitterness people have towards any of the consoles? There's always some whining going on. For what the system was intended to be (an open platform that you can dual boot whatever on, and the small AtariOS games that they are releasing at a steady pace). The people complaining about it are similar to you, ones that don't actually own one.Quoting: slaapliedjeQuoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.Do you own one? I quite like the device. One of the issues with it, they screwed up on distribution and haven't been shipping to the UK/EU! People want them, but have to go through terrible means to get them.
No, people don't want the Atari VCS, it's good you like yours but People in general don't want it. It offers nothing anyone else does not, it offers less while demanding the same price as it's main competitors. They wasted time and resources that was supposed to go to the VCS into building a casino website with cryptocurrency, calling it Atari Casino, in order to make money.
The Atari VCS was a scam from beginning to end. They lied about devs lining up to port their games to it, they lied about it being a smaller and simpler alternative to the big gaming consoles, they released it with an unfinished server infrastructure and several other hardware and software issues, something that's openly being discussed in the VCS rubreddit.
It's good that you like, but most people don't like it, it received almost no positive reviews from established reviewers, its almost all criticism, and that's well earned criticism. Sales fell from decent to abysmal in just half a year due to the console not living up to Atari's hype.
My biggest gripe about it is their store kind of sucks because you can only purchase one game at a time. Most established reviewers were going to bash on it regardless because of the shenanigans that went on for it to finally be released. A lot of that well deserved, as there was some shenanigans going on. But at the end of the day, it's a well designed piece of hardware that is fun for the type of games Atari was known for; booting up, playing a quick few runs of $something, dying a bunch, swearing at your TV, then it's out of your system for a bit.
The real downside to such a thing is if you're going to play a game for 10m to an hour... having to boot up an OS sucks, that's why Cartridge based systems are king here...
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Quoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.
They received €12.5M from their share holders last year by way of a rights issue and got a €2.4M loan from Irata LLC, according to their latest report they are still not profitable and had a higher loss in 2022-H2 then 2022-H1
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Quoting: F.UltraHmmm . . . maybe they said to the banks "Look, we aren't profitable, we have no idea how to start turning a profit, and we already owe you money. Our only chance of paying it back is if we take over someone who can make a profit and use their money. Lend us more so we can do that!"Quoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.
They received €12.5M from their share holders last year by way of a rights issue and got a €2.4M loan from Irata LLC, according to their latest report they are still not profitable and had a higher loss in 2022-H2 then 2022-H1
They might go for it--that's more or less the business model of a lot of private equity firms.
Last edited by Purple Library Guy on 24 March 2023 at 10:52 pm UTC
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I'll take back every bad thing that I was going to say if they are willing to risk the FOX lawsuit and release the remastered NOLF series.
https://www.thegamer.com/no-one-lives-forever-nightdive-update-interview/
https://www.thegamer.com/no-one-lives-forever-nightdive-update-interview/
3 Likes, Who?
Quoting: Craggles086What Atari classics do we want to see remastered?Wait. Worms isn't popular any more?
The last decent Asteroid’s game I saw was the one released by Ambrosia Software, that was later open sourced.
And there was a two player variation I seem to remember having a lot of fun with on the PC, cannot remember the name as it was released about the time when Worms and Worms Reloaded were still very popular, so probably ancient.
2 Likes, Who?
Quoting: Purple Library GuyQuoting: F.UltraHmmm . . . maybe they said to the banks "Look, we aren't profitable, we have no idea how to start turning a profit, and we already owe you money. Our only chance of paying it back is if we take over someone who can make a profit and use their money. Lend us more so we can do that!"Quoting: Mumrik93Where did Atari get the money to buy them? The Atari VCS was a massive failure on so many levels I have issues believing any bank would be inclined to give them a loan.
They received €12.5M from their share holders last year by way of a rights issue and got a €2.4M loan from Irata LLC, according to their latest report they are still not profitable and had a higher loss in 2022-H2 then 2022-H1
They might go for it--that's more or less the business model of a lot of private equity firms.
I don't think they have talked to any banks, Irata LLC who they loaned money from looks to be a holding company controlled by the CEO of Atari (Wade Rosen) so it looks like he is for some reason trying to take over the company from the other owners. And it took me until right now before I realied that Irata is atarI spelled backwards...
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