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Revision as of 06:34, 2 September 2004 by NoHitHair (talk | contribs)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Acclaim Entertainment, Inc. develops, publishes, markets and distributes interactive entertainment software for a variety of hardware platforms, including Sony's PlayStation 2, Microsoft's Xbox, and Nintendo's GameCube and Game Boy Advance and, to a lesser extent, personal computer systems. The company was founded in 1987 as a Delaware corporation, and maintains operations in the United States, the United Kingdom, Germany, France, Spain, Australia and Japan.
A less significant aspect of Acclaim's business is the development and publication of strategy guides relating to their software products and the issuance of "special edition" comic magazines to support the more lucrative brand names.
While Acclaim did well with numerous ports of arcade games in the early to mid-1990s, the waning of the arcade game industry has hit them hard and they've found it difficult to release any hits. One result of this was their late refactoring of a dirt bike racing game. Late into development, nude and semi-nude content (e.g. full motion video of strippers and nude female riders) was added in hopes of boosting sales. However, like most of their other contemporary titles, BMX XXX sold poorly and was derided for its trashy content and poor gameplay.
Acclaim suffered sever financial problems in 2004, the result of most of their video and computer game titles selling very poorly. This resulted in the closure of offices in Manchester, England and other places and their filing for Chapter 11 bankruptcy protection.
As of 1 September, 2004, Acclaim filed Chapter 7 bankruptcy with the U.S. Bankruptcy Court of New York, which will virtually annihilate their company in liquidating all possible assets to pay off their enormous debt which reportedly tops $100 million.