The End is Near for Acclaim
by Steven Rodriguez - 11:03 am EDT
Total comments: 29
Source: Various
The once-elite publisher is losing money, losing franchises, and is almost about to lose everything else.
Acclaim has released its financial report for its fiscal year ending on March 31st, and the numbers aren't good: In the past year, the company has lost $56.4 million. (Then again, they lost $84.4 million the year before, so it's not that bad...) These massive losses don't bode well for the credit line, and if Acclaim doesn't find a new source of money to help counterbalance these debts, they'll have to file for bankruptcy.
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