30-05-2003 05:45									#1
	Heroes Series Fans Alert! Tired of ads?

3DO just went bankrupt!


http://www.3do.com/community/showth...=&threadid=7530

http://www.3do.com/community/showth...=&threadid=7539

can't find the news article again- found it once, then lost it- but here's the news from the 3DO message boards

	30-05-2003 05:47									#2
	Inflate your Upload Space

Here's the best that I could do with a google newssearch:

http://sanjose.bizjournals.com/sanj...26/daily27.html

quote: Video game maker 3DO Co. of Redwood City has filed for reorganization under Chapter 11 of the federal bankruptcy laws. "This filing gives us more time to complete transactions in the interest of our stakeholders," says Trip Hawkins, chairman and CEO. "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." Earlier this year, 3DO said its net revenues for the quarter ended March 31 were below expectations at approximately $10 million. At the time, Mr. Hawkins cautioned that the game maker was trying to conserve cash after "market conditions for us appeared to take a turn for the worse when the war with Iraq began." Slack sales prevented the company from accessing a credit facility, he said. Under Chapter 11, 3DO will continue to manage and operate its businesses as a "debtor-in-possession" subject to supervision and orders of the Bankruptcy Court in San Francisco.

	30-05-2003 08:37									#4
	Support Apolyton, buy Galactic Civilizations: Deluxe Edition

Is the game publishing businss so tough? Even Infogreed is in the red.

	30-05-2003 12:11									#5
	Put an end to popups!

Long live HoMM.......(im serious)

	30-05-2003 13:29									#6
	Remove this text

Such a shame such an incompotent company owns the liscense. NWC deserves all of the credit for the earlier HOMMs... you should have seen the pathetic advertising they gave for Heroes II. Half a page, shared with craptacular ports from the 3D0 console. It's a good thing that that game had the word of mouth of god, as well as an excellent demo. I remember playing the demo over and over again I got from my PC Gamer CD... and then on a semi-whim, when I saw it in stores, I realized that all the other things I was thinking about were silly, and I should just buy that.

I hope they sell the liscense to somebody who knows what they're doing.

	30-05-2003 17:14									#7
	Support Apolyton, buy Civilization III: Complete

Considering some of the tat they have produced in the recent years its a wonder they have survived this long imo. Might and Magic IX was one of the few games I stirred myself to take back to the store inside the 10 day return policy. Unfortunately its no guarantee that the better franchises won't be bought by people with even less of a clue about how to make a good game.

	30-05-2003 17:15									#8
	Increase the size of your Attachments

How can you ever go bankrupt publishing a game like HoMM2?

	30-05-2003 17:23									#9
	Browse Apolyton AD-FREE

HoMM2 and M&M6 were fine, which is why the company managed to produce HoMM3, HoMM4, M&M7, M&M8, M&M9 and Crusaders of Might and Magic if not more. Some of those games were dogs, which lost them a lot of cash and reputation.

	30-05-2003 19:19									#10
	Lose 30 kilos (of popups)

I never liked their games much anyways. HoMM2 was the only worthwhile game they ever made.

	31-05-2003 01:22									#11
	Support Apolyton, buy Civilization III: Complete

BLASPHEMY

YOU HEATHENS!!!!!

HOMM3 ownz you all


homm3

	02-06-2003 05:39									#12
	Tired of ads?

quote: Originally posted by obiwan18 How can you ever go bankrupt publishing a game like HoMM2?

how can you ever go bankrupt publishing a game like HoMM3?

actually, I was looking forward to HoMM5, the first screen shots looked nice and everything.

	02-06-2003 05:57									#13
	Enter the AD-FREE zone

quote: publishing a game like HoMM3?

HoMM 2, HoMM3, It's all good.

Except for the publisher.

	02-06-2003 10:15									#14
	Support Apolyton, pre-order Civilization IV

It's amazing their net revenues for a bad quarter are 10 million and they're still in bankruptcy territory. They must be wasting a ton of money.

And I like how they blame the war on Iraq for their problems.

	02-06-2003 10:29									#15
	Lose 30 kilos (of popups)

Making a popular game doesn't yet mean you will make large profits. As Static suggests, I wouldn't wonder if their operating losses are large. Especially if they have wasted on worthless development and oversized staff, They have probably also overestimated their revenue and maybe done some poor financial decisions. If they would do things like EA Games or Atari, they would make clear profit. Also blaming for the war in Iraq in just so hilarious. None the less it's of course a shame they had to quit.

	02-06-2003 10:40									#16
	Remove this text

How did 3DO expect to make any money if they don't distribute their games? I didn't see H4 or MM9 sold anywhere.

	02-06-2003 10:47									#17
	Lose 30 kilos (of popups)

quote: Originally posted by Asuka None the less it's of course a shame they had to quit.

They aren't dead yet. Who knows, they may emerge from this reorganization a better company with better games. Stranger things have happened.

	02-06-2003 22:18									#18
	Tired of ads?

Now they have to face the facts if they have not trimmed away at the deadwood of the company. No more excuses.

Still, it seems bizarre for 3DO to go down into bankruptcy in the first place.