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As WP's senior editor, I edit review and preview articles, attempt to keep up with the frantic pace of Rainier's news posts, and keep our reviewers on deadline, which is akin to herding cats. When I have a moment to myself and don't have my nose in a book, I like to play action/RPG, adventure and platforming games...

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Atari Strikes Deal with Infogrames for Humongous Entertainment

by Judy on Aug. 26, 2005 @ 3:34 p.m. PDT

Video game publisher Atari said on Friday it signed a deal to sell its Humongous Entertainment studio business for $10.3 million to Atari's controlling parent, France's Infogrames Entertainment.

The deal between Atari, the publisher of Driv3r and Dragon Ball Z, and Infogrames came about one month after the resignation of Atari board member Thomas Mitchell, who left amid concerns that the two publicly traded companies were too closely tied.

Infogrames owns about 52 percent of Atari, and Bruno Bonnell serves as chief executive and chairman of both companies.

Atari said the Humongous assets consist primarily of intellectual property, existing inventory and license rights.

Some $2 million of the purchase price represents prepayment of future costs that Atari will incur from platform royalty advances, manufacturing costs and milestone payments, it said.

Atari also said it has been granted exclusive distribution rights for Humongous products in the United States, Canada and Mexico through at least March 2006.

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