{"id":621432,"date":"2023-03-24T09:48:40","date_gmt":"2023-03-24T14:48:40","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/24\/atari-is-buying-retro-gaming-specialist-nightdive-studios\/"},"modified":"2023-03-24T09:48:40","modified_gmt":"2023-03-24T14:48:40","slug":"atari-is-buying-retro-gaming-specialist-nightdive-studios","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/24\/atari-is-buying-retro-gaming-specialist-nightdive-studios\/","title":{"rendered":"Atari is buying retro gaming specialist Nightdive Studios"},"content":{"rendered":"

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you\u00a0can\u00a0trust<\/a>.<\/p>\n

\n

In a nutshell:<\/strong> Atari in a surprise move has entered into an agreement to acquire Washington-based developer Nightdive Studios. The gaming pioneer is paying $10 million for Nightdive, half in cash and half in newly issued Atari shares. There is also an option for an additional $10 million payable in cash over the next three years based on Nightdive reaching future performance milestones. <\/p>\n

Nightdive was founded by Stephen Kick and his wife Alix in 2012. The firm specializes in obtaining the rights to older video games, sprucing them up and re-releasing them on modern platforms. To date, the studio has published more than 100 games including well-known titles like Blade Runner: Enhanced Edition<\/a>, Forsaken Remastered<\/a>, Doom 64<\/a>, Turok: Dinosaur Hunter and System Shock: Enhanced Edition.<\/p>\n

Its most recent project, a remake of the 1994 classic System Shock, is nearly complete. The game is available to pre-order<\/a> for $39.99 ahead of its planned launch on May 30, 2023. Interested parties can take the demo<\/a> for a spin to see if it lives up to expectations.<\/p>\n

<\/picture><\/p>\n

Atari and Nightdive have a long history of working together. In fact, Atari CEO Wade Rosen already owns 13 percent of Nightdive.<\/p>\n

With the acquisition, Atari will gain access to Nightdive’s library of owned IP as well as its proprietary KEX engine<\/a>, which is used to help make classic games playable on modern hardware. Atari will also be able to use Nightdive’s publishing arm to support its own retro growth strategy.<\/p>\n

Last December, Atari announced it was suspending<\/a> direct hardware manufacturing relationships which led some to speculate that its Atari VCS system might be on the way out. Further fueling the fire was a price cut for the base system, from $199.99 down to $159.99.<\/p>\n

Checking back on the system, Atari has reinstated the original $199.99 price tag so perhaps the console could be sticking around for a bit longer.<\/p>\n

Atari’s board members have already unanimously approved the acquisition, and expect it to be wrapped up sometime in April 2023.<\/p>\n<\/p><\/div>\n

Read More<\/a>
\n Gaylene Byron<\/p>\n","protected":false},"excerpt":{"rendered":"

TechSpot is about to celebrate its 25th anniversary. TechSpot means tech analysis and advice you\u00a0can\u00a0trust. In a nutshell: Atari in a surprise move has entered into an agreement to acquire Washington-based developer Nightdive Studios. The gaming pioneer is paying $10 million for Nightdive, half in cash and half in newly issued Atari shares. There is<\/p>\n","protected":false},"author":1,"featured_media":621433,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27748,2363,46],"tags":[],"class_list":{"0":"post-621432","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-atari","8":"category-buying","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=621432"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/621432\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/621433"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=621432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=621432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=621432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}