Cryptic Studios Discontinued, Being Sold Off


But wait, Omali, you say. Wasn’t Cryptic Studios recording a one thousand percent increase in revenue from Champions Online? Why would Atari be writing the company off? Cryptic may be better of than they were in 2009 ($17.9 million loss) at a $7.5 million loss for 2010, but a loss is a loss, and it looks like Atari is jumping ship. Actually, according to the financial report, the company has been “discontinued” since March 31st. Atari plans on continuing support for Champions Online and Star Trek Online, until a buyer can be found.

“In line with the previously stated strategy of fewer but more profitable releases and further expansion into casual online and mobile games, the Company has determined that external development creates more flexibility in the changing marketplace,”

The development of Neverwinter is apparently not altered by this news, at least for the time being.

So the question remains: Who is the buyer? I have a feeling Atari already has a buyer, and rumors are floating around that Jack Emmert (Cryptic Studios co-founder) is looking to rebuy his company. On the other hand, GamersFirst could always buy up the studio and turn both games into cash shops with games attached, filled to the brim with cheaters and gold farmers.

Source: Gamasutra