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Atari will fabricate long-working US developer Digital Eclipse in a deal rate $20 million.
Based mostly in 1992, Digital Eclipse is simplest know from remastering retro video games with releases such as Teenage Mutant Ninja Turtles: The Cowabunga Series, the Disney Traditional Video games Series and the SNK 40th Anniversary Series.
The studio has already labored with Atari on the acclaimed Atari 50: The Anniversary Series.
The acquisition is anticipated to shut within the next few days. Atari is paying an initial consideration of $6.5 million, of which $4 million is money and $2.5 million is newly issued customary shares, with doable efficiency-based model-outs of as a lot as $13.5 million payable in money over the next ten years.
In an FAQ by itself web situation, Digital Eclipse acknowledged it goes to “aloof absorb the freedom to leer out initiatives with varied parties.” The studio has various unannounced initiatives within the works that must not based on Atari IP, and these will “defend on as planned.”
The developer furthermore acknowledged it plans to proceed its Gold Master Sequence challenge, a differ of online sport documentaries about key retro titles, which started earlier this twelve months with The Making of Karateka.
The Digital Eclipse Arcade series will furthermore proceed, as correctly work on the remaster of Wizardry: Offering Grounds of the Mad Overlord. Truly, the studio acknowledged the latter will snatch pleasure in Atari’s possession as the crew has “cooked up some lofty wishes for this challenge, and this acquisition would possibly perchance accomplish it a minute little bit of more straightforward for us to realize them.”
Someone who has invested within the firm through Fig will seemingly be unaffected, with the dividends time desk unchanged and all Fig funds aloof feeble on model of Digital Eclipse’s various initiatives.
“Atari and Digital Eclipse half the related ethos in the case of [the] obtain collectively and preservation of gaming historic previous,” acknowledged Digital Eclipse CEO Andrew Ayre. “Or no longer it is an exhilarating combination, and I’m assured this would possibly occasionally also inspire Digital Eclipse and our fans extremely correctly as we develop our alternate and enlarge our capabilities.”
The acquisition follows Atari’s buy of Nightdive Studios for $10 million and retro neighborhood AtariAge earlier this twelve months.
“Digital Eclipse is the supreme on this planet at what they attain,” acknowledged Atari CEO and chairman Wade Rosen. “They’ve a deep cherish and respect for the historic previous of the video games alternate, and are famend for growing critically acclaimed initiatives based on historic franchises.
“Digital Eclipse, along with Nightdive, are in absolute most realistic alignment with Atari’s DNA and renewed cause. I’m personally enraged to peep the build we can push the boundaries of retro innovation collectively.”