NEWS - Tuesday, May 20, 2003


Atari Shares Sink; ’Matrix’ Selling

LOS ANGELES (Reuters) - Have investors entered "The Matrix" and then left again just as quickly? Shares in video game publisher Atari Inc. sank on Tuesday, their fourth straight day of losses, as "Enter the Matrix," the company’s biggest-budget game yet, faced early negative reviews despite signs of strong sales. After the April 17 announcement that the $30-million game had been completed, shares in Atari, formerly known as Infogrames Inc., went on a run, gaining about 200 percent through May 14, the day before the game’s launch. But since May 14 the stock has been sliding, losing almost 28 percent, although it is still up 168 percent in 2003. Analysts have said "Enter the Matrix" is key to the company’s fortunes, especially as it faces bond payments over the next two years. "Enter the Matrix" represented an unusually tight collaboration with Hollywood. The Wachowski brothers, who wrote and directed the film, wrote the game as well and shot an hour of footage with their actors specifically for the game. The film has broken box office records and initial data show the game as a top-seller on Amazon.com in the United States and more generally in the United Kingdom. Full sales data for May are not expected until mid-June. Early reviews on the game, though, have been lukewarm. "If you are a fan of ’The Matrix’ and like action games, then the game is for you. However, the game isn’t an outstanding representation of its genre, but rather just a good one," wrote Alloutgames.com in a review of the PC version, which it gave a 78 percent rating. Gamerankings.com, which amalgamates reviews from across the Web and averages their scores, showed scores of between 70 percent and 80 percent for the game. Top games regularly exceed 90 percent in their calculations. A spokeswoman for Atari was not available to comment on the early reviews of the game. According to Frank Sadowski, vice president of consumer electronics merchandising at Amazon.com, "Enter the Matrix" is the top seller on the PlayStation 2 and Xbox, outselling its closest competitor two-to-one and four-to-one, respectively. On the GameCube, "Matrix" is barely number two to "The Legend of Zelda," while on the PC it is second but being outsold three-to-one by "Sims Superstar." The game is also the top seller on all platforms in the United Kingdom, Europe’s top games market, according to weekly ChartTrack sales data. "Enter the Matrix" was released the same day as the hotly- anticipated film "The Matrix Reloaded," which had the second- largest opening weekend ever for a movie and the best ever for an "R"-rated film. Atari shares closed down 5.49 percent or 27 cents to $4.65 on Tuesday.
Source: http://www.reuters.com/

Comments

Site Statistics

Registered Members: 44,770
Forum Posts: 725,821
Xbox One Titles: 1,409
Xbox 360 Titles: 1,086
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,746
Member Reviews: 10,339
News Articles: 14,671
Screenshots: 31,695
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox Playdates Canada August, 2018 Playdate info thread.
Post by Kiesey
2 Replies, 111 Views

Xbox Game Pass
Post by oryanphine
2 Replies, 281 Views

Xbox Playdates Canada July, 2018 playdate info.
Post by Kiesey
3 Replies, 395 Views

Manette Xbox One Xfest18
Post by oryanphine
2 Replies, 645 Views

Xbox One X Mountain Dew
Post by oryanphine
0 Replies, 508 Views

Xbox Playdates Canada June 2018 schedule
Post by Kiesey
1 Replies, 657 Views

Xbox One X Black Panther
Post by oryanphine
3 Replies, 992 Views

Xbox Playdates Canada May 2018 schedule
Post by Kiesey
4 Replies, 955 Views

Is anything happening in XBox One land?
Post by DJ tx
7 Replies, 1289 Views

Xbox One S Jojeux Anniversaire
Post by oryanphine
1 Replies, 851 Views

Xbox One X Steelbook
Post by oryanphine
1 Replies, 942 Views

Xbox Playdates Canada April 2018 Schedule
Post by Kiesey
4 Replies, 1212 Views

Xbox One X World of tanks
Post by oryanphine
2 Replies, 1305 Views

Xbox Playdates Canada - March 2018 Schedule
Post by Kiesey
7 Replies, 1585 Views

Any info on Biomutant release?
Post by DJ tx
4 Replies, 1346 Views

© 2000-2018 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics