The publisher behind XGRA and Turok is drowning in red.
After years of less than favorable “profit” margins, Acclaim has filed bankruptcy.
Local paper New York Newsday reports that the once-mighty 3rd party publisher filed Chapter 7 at Central Islip’s US Bankruptcy Court in New York. To pay its debt breaching $100 million, the company will liquidate its assets of between $10 and $50 million.
This means we will likely see Acclaim’s more notable intellectual properties sold to the highest bidder, and suggests the company is down for the count.