ha ha! 3do files for bankruptcy

Please hold your applause till after the announcment!


The company behind the Army Men series has filed for bankruptcy protection.

3DO has announced that it has filed for Chapter 11 bankruptcy protection. The company will continue to operate normally under the “debtors-in-possession†provision in the bankruptcy code. “This filing gives us more time to complete transactions in the interest of our stakeholders," said Trip Hawkins, chairman and CEO of 3DO. "While we hope that this news will generate additional new opportunities, at this point we are focused on pursuing either the sale of the entire company or the sale of its assets."

We’ll post more on the story as it develops. The company is currently working on Four Horsemen of the Apocalypse.


It's a start of a good sign in the videogame industry.

 

*Insert quote about Army Men being crap*

 

"Well, 2 army men players walk into a bar with a priest and a rabi, the priest and rabi proceed to beat the army men players until they have sense" /versus/images/graemlins/smile.gif Army men would have to step up with the Godfather of video gaming before they could be considered crap, 3D0 lost their way a long while ago, for shame /versus/images/graemlins/frown.gif /versus/images/graemlins/frown.gif /versus/images/graemlins/frown.gif. At any rate, I still don't wish misfortune on anybody, just if you don't know videogaming, don't make video games.

 

I just wonder what other game company would be stupid enough to buy 3DO. I expect now that he's completely failed, he qualifies as a new Xbox executive. So watch out for Trip Hawkins in the Microsoft home division.

 

It's amazing how people dub Trip Hawkins as one of the influential men in videogame industry. Clearly he should be the one to be blamed for the constantly having the final stamp on producing another army men videogame. Memo to Trip: great decision on doing a spin off called Portal Runner starring a female character! *thumbs up* *sarcasm*