Augie De Blieck Jr.
03-14-2005, 06:28 AM
Eidos is in trouble, and this article speculates it might have to sell Lara Croft to satisfy its creditors.
http://www.guardian.co.uk/computergames/story/0,11500,1435393,00.html
Eidos, the British computer games company that created Tomb Raider's Lara Croft, has two weeks to clinch a takeover deal or it will be at the mercy of its bankers.
The former gaming flagship has seen delays to key games, such as Championship Manager, eat through its cash while takeover talks with a number of potential bidders have dragged on for more than seven months. [...]
Eidos was yesterday forced to admit that while the long-running takeover saga has rumbled on its business has deteriorated. It announced a larger than expected pretax loss of £28.7m for the six months to end December compared with a profit of £7.8m in the previous year. Sales of £31.4m were well down on the £78.7m recorded in the previous year. Sales of titles such as Get On Da Mic, Backyard Wrestling 2 and Crash 'n' Burn were also below expectations.
Poor sales and delayed releases mean the company's cash has dropped from £37.4m at the end of June last year to £11.8m six months later. To conserve its money the company has been forced to delay the release of new Lara Croft and Hitman titles until later in the year.
Might this also explain why the TOMB RAIDER comic series ended? Or is that just reaching?
-Augie
http://www.guardian.co.uk/computergames/story/0,11500,1435393,00.html
Eidos, the British computer games company that created Tomb Raider's Lara Croft, has two weeks to clinch a takeover deal or it will be at the mercy of its bankers.
The former gaming flagship has seen delays to key games, such as Championship Manager, eat through its cash while takeover talks with a number of potential bidders have dragged on for more than seven months. [...]
Eidos was yesterday forced to admit that while the long-running takeover saga has rumbled on its business has deteriorated. It announced a larger than expected pretax loss of £28.7m for the six months to end December compared with a profit of £7.8m in the previous year. Sales of £31.4m were well down on the £78.7m recorded in the previous year. Sales of titles such as Get On Da Mic, Backyard Wrestling 2 and Crash 'n' Burn were also below expectations.
Poor sales and delayed releases mean the company's cash has dropped from £37.4m at the end of June last year to £11.8m six months later. To conserve its money the company has been forced to delay the release of new Lara Croft and Hitman titles until later in the year.
Might this also explain why the TOMB RAIDER comic series ended? Or is that just reaching?
-Augie