When did Nolan sell Atari?

In 1976, Bushnell sold Atari to Time Warner for $28 million. By 1982, their Atari division was making $2 billion in annual sales. Meanwhile, Bushnell had already founded another company, Chuck E.

Why did Nolan Bushnell sell Atari?

Bushnell sold Atari because he needed the money. The sale occurred in 1976 when Bushnell and Atari were looking to raise money in order to build their own console. With no other way to raise the funds, Bushnell sold the company to Warner Communications.

Did Nolan Bushnell make Atari?

The game became so popular that Bushnell founded a company, Atari, to market it and other products, like Asteroids. In 1975, Atari released a version of Pong that could be played on television sets, in partnership with Sears. The following year, Bushnell sold his company to Time Warner for $28 million.

How much did Nolan Bushnell make from Atari?

After initially considering become a public company, he instead sought a buyer. Warner Communications, looking to boost their own failing media properties, agreed to acquire Atari for $28 million, with Bushnell personally receiving US$15 million, in November 1976.

When was Atari sold?

On March 13, 1998, JTS sold the Atari name and assets to Hasbro Interactive for $5 million, less than a fifth of what Warner Communications had paid 22 years earlier. This transaction primarily involved the brand and intellectual property, which now fell under the Atari Interactive division of Hasbro Interactive.

Atari 50th Anniversary Interview with Nolan Bushnell

How much did Atari lose in 1983?

Atari was one of those companies most affected by the crash. As a company, its revenues dropped significantly due to dramatically lower sales and cost of returned stock. By mid-1983, the company had lost US$356 million and was forced to lay off 3,000 of its 10,000 worker staff.

Who is the current CEO of Atari?

The team at Atari is focused on creating value by expanding and integrating each of these businesses under the leadership of our CEO Wade Rosen.

What is the highest selling Atari game?

Originally created by Toru Iwatani and released in 1980, Pac-Man was later ported to many home video game consoles, beginning with the Atari 2600 in 1982. Within months it became the best-selling home video game of all-time, with more than 1.5 million units pre-ordered by customers before its release.

How much did Soulja Boy buy Atari for?

He's pretty explicit about it too: "I own Atari. The first rapper to ever own a videogame company." Soulja Boy adds that Atari is, apparently, going to buy the Soulja Boy console company for a cool $140 million. "I signed two deals with Atari," says Soulja Boy, before exhorting his followers to find Atari on twitter.

Who originally owned Atari?

Nolan Bushnell and Ted Dabney founded Atari in June 1972. Five months later, Atari's first product, Pong, changed gaming forever. The company quickly rolled out other arcade games.

Who was the fake Atari competitor?

To the public, Kee Games advertized itself as a competitor to Atari and that it was hiring defectors from Atari.

Who owns the rights to Atari?

In 1998, Hasbro Interactive acquired all Atari Corporation-related properties from JTS, creating a new subsidiary, Atari Interactive. Infogrames Entertainment (IESA) bought Hasbro Interactive in 2001 and renamed it Infogrames Interactive, which intermittently published Atari-branded titles.

Why did Nintendo sue Atari?

District court

Nintendo argued that Atari infringed their copyright by copying their code from the Copyright Office, making an intermediate copy of their code during the reverse engineering process, and creating a program substantially similar to their code.

Why did Atari fail?

Atari's initial failure was due to market saturation, poor release sales, and lack of oversight with third-party developers.

Does Atari own Chuck E Cheese?

The first Chuck E. Cheese's Pizza Time Theater opened in San Jose, California, in 1977. In 1978, when Atari's then-corporate parent Warner Communications refused to open additional locations, Bushnell purchased the rights to the concept and characters from Warner for $500,000.

What is the rarest Atari games?

When was Atari at its peak?

It became a best-seller, selling a million units in 1979 alone. It was the home conversion of Space Invaders that really did big business - in 1980 the Atari 2600 sold two million units. The console continued selling double what it had the year before, until it hit 10 million in annual sales in 1982.

What was the 1st Atari game?

Bushnell and Dabney later founded Atari Inc., from which they released the first commercially successful arcade game, Pong (1972), an electronic sports game based on table tennis (Ping-Pong).

What rapper bought Atari?

However, Soulja Boy continued, “I'm about to revamp the company, we're gonna take Atari to the next level. Everybody go follow @Atari. I am now the owner of Atari.”

Who did Warner sell Atari to?

Warner Communications sold the home console and computer division of Atari to Jack Tramiel in July 1984, who then renamed his company Atari Corporation.

What rare Atari game was found at Goodwill?

Goodwill confirmed to Fox News that a copy of the game "Air Raid" was discovered by one of their employees, Alex Juarez, who was savvy enough to notice the extraordinary find. After being listed for one week, the game was auctioned off for a whopping $10,590.79. Only 13 copies of the game reportedly exist.

What rare Atari game was found at a Goodwill store?

Alex Juarez, a Goodwill North Central Texas e-commerce processer, was sorting through bins of items from across the area when he came across “Air Raid,” an old Atari game. The copy of the 1982 game “Air Raid” for the Atari 2600 sold for $10,590.79 at auction.

Which Atari 2600 is worth the most?