“Acquiring the Acclaim titles provides a significant addition to our company, and will allow us to target different markets and opportunities.” said Thomas Maduri, CEO of Throwback Entertainment, Inc.
Established in 1987, Acclaim Entertainment developed, published, marketed and distributed interactive entertainment products. Publishers of many successful franchises, Acclaim faced financial difficulties and declared chapter 7 bankruptcy in 2004.
“Acclaim Entertainment was responsible for the creation of some wonderful original games, and unfortunately couldn’t see them through their lifecycle. We are very pleased to have been afforded the opportunity to take these titles through the next generation, and onwards. Many of the titles have all the elements required to establish franchises, with new services broadening the reach of games, Throwback will be well positioned for the expansion of the franchises.”