Infogrames has shook up the board at Atari with four new independent directors and the appointment of Curtis G Solsvig III as chief restructuring officer.
Mercury Games has signed a deal with Atari UK to give the publisher exclusive distribution rights for its titles across the UK, Ireland, Scandinavia and South Africa.
Paradox Interactive, best known for its Europa Universalis and Hearts of Iron titles, has announced the appointment of two former executives from Atari in new positions as it looks to enhance its global reputation.
Infogrames Entertainment has posted first fiscal quarter results showing strong revenues; the share price rose by 4.8 per cent following the announcement.
Reuters reports that Atari has received a delisting notice from NASDAQ because it failed to file its financial report for the fiscal year ended March 31.
Atari Inc. has delayed filing its annual financial report because it needs time to determine the amount of a goodwill impairment charge that could increase its net losses to over USD 70 million.
Atari parent company Infogrames Entertainment has the announced the appointment of Mathias Hautefort as executive vice president of worldwide publishing and production.
A sharp decline in US sales for the second half of the financial year has seen Infogrames revenues slide by 16.7 per cent to EUR 304.5 million, for the year ended March 31.
Troubled publisher Atari has announced plans to slash its 320-strong workforce by 20 per cent, including a reduction of admin staff of approximately 26 per cent.
Atari has announced the appointment of a new CEO following the departure of Bruno Bonnell, who founded parent company Infogrames more than two decades ago.
Atari has reported that net losses for the quarter ended December 31 have been trimmed to US $700,000 (EUR 538,000), down from US $4.8 million (EUR 3.6m) for the same period a year earlier.