How much did Atari lose in 1983?

By the end of 1983, Atari had over US$536 million in losses, leading to Warner Communication to sell Atari's consumer products division in July 1984 to Jack Tramiel, who had recently departed Commodore International.
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How much money did Atari lose in 1983?

Atari has lost $536 million this year. Mattel's electronics division, meanwhile, has chalked up a $201 million deficit so far in 1983. Imagic, once one of the fastest-growing makers of game cartridges, laid off 40 of its 170 employees three weeks ago and has sold off excess inventory at discounted prices.
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What caused the downfall of Atari?

Due to Ross' recklessness, Atari needed to sell some 4-5 million E.T. cartridges to turn a profit. Not learning from their mistake with Pac-Man, Atari produced that many, and only sold about 3.5 million. Some of the unsold copies (along with Pac-Man and other products) ended up being dumped in at least 2 landfills.
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Was Atari big in the 80s?

With a large library of cartridges and a low price point, the 2600 continued to sell into the late 1980s. Atari released the last batch of games in 1989–90 including Secret Quest and Fatal Run. By 1986, over 20 million Atari VCS units had been sold worldwide.
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What destroyed Atari?

With customers returning unsold cartridges in their millions, E.T. posed an immediate problem for Atari. A game with an RRP of $49 was being sold for a dollar in bargain baskets, and by the time Atari pulled the plug, losses of $100m were being mooted.
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How the ET Video Game Ended Atari

What company buried 700000 unsold video games in 1983?

The Atari video game burial was a mass burial of unsold video game cartridges, consoles, and computers in a New Mexico landfill site undertaken by the American video game and home computer company Atari, Inc. in 1983.
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What company buried 700000 video games?

In 1983, rumors circulated: Atari was bankrupt, and was dumping truckloads of games into a New Mexico landfill. Victim to the "Video Game Crash," the company buried 700,000 cartridges in the desert. The story became an obscure pop culture legend -- until "The Atari Tomb" was unearthed in 2014.
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Who owns Atari today?

It is currently owned by French company Atari SA (formerly Infogrames) through a subsidiary named Atari Interactive. The original Atari, Inc., founded in Sunnyvale, California, USA in 1972 by Nolan Bushnell and Ted Dabney, was a pioneer in arcade games, home video game consoles, and home computers.
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What happened to Atari in 1983?

By 1983, Atari's inferior technology and library had eroded its customer base, and its wildly optimistic production runs had eroded its profit margin. By the end of 1983, Atari racked up nearly half a billion dollars in losses.
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What ended the video game crash of 1983?

It wasn't until Nintendo released the Nintendo Entertainment System in 1985 that interest in gaming rebounded. Super Mario Bros, along with other addictive games like Tetris, Atari's Gauntlet, and Sega's OutRun, restored interest and faith in gaming products.
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Is Atari still profitable?

Now, Atari is debt-free and profitable (with $20m in revenue) thanks largely to RollerCoaster Tycoon Touch (a mobile-friendly version of the PC classic) — its best-selling game, with almost 200k active users.
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Is Atari making a comeback?

It's been several decades since the Atari 2600 has been a hot-selling video game console during the holiday season, but it might be once again thanks to the launch of the new Atari 2600+ in November 2023.
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Which video game was buried?

Legend has it that Atari buried millions of unsold and returned copies of E.T., and perhaps other titles, in a New Mexico dump as the company struggled to stay afloat. Thirty years was long enough for the dump site—and the truth behind the story—to be lost.
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Why were Atari games buried?

In September of 1983, Atari found itself with a surplus of game cartridges that they needed to remove from its warehouse in El Paso, Texas. They decided to bury the games in a landfill in Alamogordo, New Mexico, to prevent people from scavenging them.
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What is the rarest Atari games?

Top 10 Most RARE Atari 2600 Games as of 2024
  • Extra Terrestrials:
  • Gamma-Attack: ...
  • Video Life: ...
  • Atlantis II: ...
  • Killer Satellites: ...
  • Red Sea Crossing: ...
  • Save Mary: Save Mary, a prototype, is another rare title for the Atari 2600. ...
  • Birthday Mania: Birthday Mania is a rare and sought-after game for the Atari 2600. ...
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What was Atari's last console?

The final console Atari ever produced is 1993's Atari Jaguar. The Jaguar was a 64-bit console in a time when competitors were transitioning from 16-bit to 32-bit systems.
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Did Soulja Boy own Atari?

Atari has seemingly refuted the claim by taking to Twitter to state that the role of CEO of Atari “belongs to Wade Rosen.” In a straightforward Tweet, it appears that Soulja Boy is not running the company nor has direct ownership of the electronic gaming company.
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Does Atari own blood?

Intellectual property ownership

GT Interactive was later acquired by Infogrames, which has since been renamed to Atari. Monolith itself was acquired by Warner Bros., which owns the Blood trademark and intellectual property.
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Why did Atari stop making consoles?

While it helped develop the gaming world in the U.S., with its great 2600 console and games such as Pong and Space Invaders, after the market crashed, chaos ensued for them. Atari bled money, ruined alliances, and created faulty products. Its reputation was so tarnished that stores refused to sell the consoles.
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What Atari game is worth $10000?

Red Sea Crossing

The only known ad for the game was in Christianity Today. Red Sea Crossing is the most expensive Atari 2600 game when it is cartridge only, by about $10,000. Air Raid sells for more when it comes with a box.
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When was the last Atari made?

Sometimes, they even read original cartridges) are still regularly released. But plug&play are just a footnote. Last “true” Atari console was Jaguar released in 1993, and discontinued in 1996.
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What is the richest video game company?

Top public games companies by revenues
  • Tencent. $22,826.0M. 000. Unlock YoY change and much more in the Newzoo Platform! ...
  • Sony. $11,427.5M. 000. Unlock YoY change and much more in the Newzoo Platform! ...
  • Apple. $10,524.9M. 000. Unlock YoY change and much more in the Newzoo Platform! ...
  • Microsoft. $9,328.8M. 000. ...
  • NetEase. $7,903.2M. 000.
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What was the saddest death in gaming history?

Saddest Video Game Death of All Time - Aerith

“Final Fantasy VII” (1997) There aren't many deaths in video games that can match Aerith's from “Final Fantasy VII.” With her bubbly demeanor, her compassion for others, and her incredibly useful healing capabilities, Aerith quickly became a fan favorite character.
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Is Atari E.T. worth anything?

Unearthed copies containing what's hailed as the worst video game of all time proved to be a valuable commodity as an online auction of E.T. the Extra Terrestrial Atari cartridges netted over $108,000.
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