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About Rainier

PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Eidos Financial Result Reveals Poor Health and Game Delays

by Rainier on March 10, 2005 @ 3:50 a.m. PST

Eidos UK's latest six-month result shows that the long time fledging developer/publisher continues to be in bad financial shape as it posted a £29.2 million operating loss. Shares dropped to an all time low, and while a new buyout proposal made on March 2nd is under consideration, no decisions have been made yet. Even further bad news was came to light as it was confirmed that Hitman: Blood Money, 25 to Life, Just Cause and the new Tomb Raider are being delayed due to a 'strategic decision' and are being pushed back fiscal 2006, meaning not earlier than July 2005. Previously only announced for PC and PS2, the new Tomb Raider is now also scheduled for Xbox 2 and PSP.
Eidos UK's latest six-month result shows that the long time fledging developer/publisher continues to be in bad financial shape as it posted a £29.2 million operating loss. Shares dropped to an all time low, and while a new buyout proposal made on March 2nd is under consideration, no decisions have been made yet. Even further bad news was came to light as it was confirmed that Hitman: Blood Money, 25 to Life, Just Cause and the new Tomb Raider are being delayed due to a 'strategic decision' and are being pushed back fiscal 2006, meaning not earlier than July 2005. Previously only announced for PC and PS2, the new Tomb Raider is now also scheduled for Xbox 2 and PSP.
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