Who owns Atari today?

It is currently owned by French company Atari SA (formerly Infogrames) through a subsidiary named Atari Interactive. The original Atari, Inc., founded in Sunnyvale, California, in 1972 by Nolan Bushnell and Ted Dabney, was a pioneer in arcade games, home video game consoles and home computers.

Does anyone own Atari?

Hasbro Interactive purchased the Atari brand and intellectual property for just $5 million in 1998, but was taken over by French software publisher Infogrames in December 2000. Infogrames completed the total acquisition of Atari Inc. in October 2008, making it a wholly owned subsidiary for the first time since 1984.

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 Atari company today?

The present day Atari Interactive, through Atari SA, continues to hold and license all Atari trademarks as well as producing many new games, some based on Atari's original properties, to this day.

Is Atari still operating?

IESA renamed itself Atari SA in 2009. It sought bankruptcy protection under French law in January 2013. As of 2022, the current Atari focus is pursuing several lines of business outside of video gaming, including cryptocurrency and video-game themed hotels.

The Decline of Atari...What Happened?

Does Atari still make stuff?

On December 22, 2020, Atari announced the success of a fund raising effort to Atari VCS run-rate production rhythm, then planned for the first quarter of 2021. The console was released worldwide on June 15, 2021. It was released as two bundles, an Onyx Base bundle that includes the console.

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.

When did Atari shut down?

1990s. In 1993, Atari Corporation shut down its home computing division to focus on making consoles. The 90s had already started with the release of the Atari Lynx late in 1989. Atari, however, was not the developer of the Atari Lync.

When did Warner Bros buy Atari?

In 1976, Bushnell, the sole owner of the company, sold the company to Warner Communications for $28 million to continue funding the development of the VCS (Video Computer System), later renamed the Atari 2600.

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.

What destroyed Atari?

video game was connected to Atari losing $536 million in 1983. It was also said that the failure of the E.T. video game was responsible for ending the product life of the Atari 2600. Add to this that the home computer was now taking off.

Is Atari out of business?

Game developers flocked to the pioneering platform, churning out new titles. But most games developed for Atari were not Pac-Man-level quality, and that ultimately led to the platform's demise.

Who sued Atari for copyright infringement?

On November 4, 2021, a federal jury in the U.S. District Court for the Northern District of California, handed a loss to Atari concluding its lawsuit against Redbubble for selling merchandise with images allegedly stolen from Atari's video games like Pong and Asteroids, finding Redbubble did not infringe upon any of ...

Can you buy Atari stock?

You can purchase shares of Atari (OTCEM: PONGF) through any online brokerage. View our list of the best stock brokerages.

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.”

How much money 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.

What is the oldest gaming system?

In 1972 Magnavox released the world's first home video game console, the Magnavox Odyssey. It came packaged with board game paraphernalia such as cards, paper money and dice to enhance the games.

Who left Atari?

While Dabney and Bushnell founded Atari together in 1972, both would be gone from the company by 1980. Dabney left in 1973, believing the market was unstable; Bushnell left in 1979 after having sold the company to Warner Communications.

How much is the Atari brand worth?

Market cap: $49.4 Million

As of April 2023 ATARI has a market cap of $49.4 Million.

Is Atari a collectible?

Atari games

It sold millions of units over the years, and you probably had one if you were growing up at the time. The game console isn't a rare item that fetches tons of money – unless of course, it's still factory-sealed. And certain copies of games can bring in thousands of dollars.

What is the rarest Atari games?

What replaced the Atari 2600?

The Atari 7800 ProSystem, or simply the Atari 7800, is a home video game console officially released by Atari Corporation in 1986 as the successor to both the Atari 2600 and Atari 5200.

Who is Atari main competitor?

Intellivision, the mashing of the words "intelligent" and "television," hit the market as one of the Atari 2600's major competitor just a year after Atari's console offering landed on shelves.