IMG Archives
Archives  News  3DO Files for Chapter 11  

Thursday, May 29, 2003
3DO Files for Chapter 11
11:04 AM | Eddie Park | Comment on this story

The 3DO Company has issued a press release, which can be found at Yahoo! Finance, stating that it has filed for Chapter 11 bankruptcy protection. This news follows a financial statement earlier this year in which 3DO's net revenues for the last quarter did not meet expectations.

Trip Hawkins, CEO of 3DO, notes that though 3DO will continue to pursue opportunities, the main focus right now is on selling either the company itself or its assets. Under Chapter 11, 3DO will still be able to operate as usual:

The Company will continue to manage their properties and operate their businesses in the ordinary course of business as "debtors-in-possession" subject to the supervision and orders of the Bankruptcy Court pursuant to the Bankruptcy Code.
As for what this means to Mac gamers, 3DO currently holds the rights to the Might and Magic series, including the upcoming Heroes of Might and Magic V. While HOMM V was mentioned as coming to the Mac in an interview reported on earlier this week, we don't know if this will change those plans, as the interview also mentioned that a contract had not yet been ironed out concerning the Mac version.

Yahoo! Finance - The 3DO Company Files Chapter 11

Other Mac Games News for Thursday, May 29, 2003

IMG Posts BloodRayne Interview1:17 PM
• 3DO Files for Chapter 1111:04 AM
Elite Force II Multiplayer Q&A11:04 AM
Warcraft III: The Frozen Throne Goes Gold9:21 AM
IMG Store: Europa Universalis II Ships8:55 AM
Send In Your Ask Feral Questions8:55 AM
Aspyr Releases Nascar Racing 2003 Demo8:54 AM
Fakie Flair Challenge 1.1 Released8:54 AM
Video Games May Improve Visual Perception8:54 AM
Will Wright Talks Sims 28:54 AM
View all of the Mac games news for Thursday, May 29, 2003 on one page

Mac Games News for Wednesday, May 28, 2003

Blizzard Rebalancing Diablo II Skills12:52 PM
Q3 Rocket Arena 1.65 Released12:51 PM
Apple Looks at Finding Nemo6:04 AM
GeForce FX 5900 Mac Bound?6:04 AM
More Shadowbane Class/Discipline Powers Listed6:04 AM
Xbox HID Driver 1.1 Released6:04 AM
View all of the Mac games news for Wednesday, May 28, 2003 on one page

Recent Mac Games News

Tuesday, May 27, 2003
Monday, May 26, 2003
Friday, May 23, 2003
Thursday, May 22, 2003
Wednesday, May 21, 2003

Search for other Mac games news stories or browse our Mac Games News Archive.

Archives  News  3DO Files for Chapter 11