Acclaim reports significant losses

Despite cost-cutting and a smarter release calendar, the once-mighty publisher loses $31 million over nine months.

When is a loss of $31 million over a nine-month period cause for celebration? When it's $9 million less than you lost for the same period the year earlier. Such is the bittersweet news out of Glen Cove, New York, home to Acclaim Entertainment. The game publisher of classics including Mortal Kombat and the NBA Jam series released both three- and nine-month financials yesterday. For the nine-month period ending last December, Acclaim reported a net loss of $31.0 million off net revenue of $113.7 million. The year previous, it reported a net loss of $39.6 million on net revenue of $180.1 million.

News source: GameSpot

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