Atari CEO Frederic Chesnais said that they are planning to go back to hardware business and bring more games in 2019.
Atari Games Corporation was an American producer of arcade games. The original Atari Inc. was founded by Nolan Bushnell and Ted Dabney in 1972 and was split off into its own company in 1984. Now, Atari organized itself into four divisions: Atari Games, Atari Casino, Atari VCS, and Atari Partners.
Frederic Chesnais, CEO of the company, said that they closed 2018 with good revenue growth and strong operating income. When Chesnais took over the legendary company, Atari has about $34 million in debt and has $1 million in revenue only. With the help of Rollercoaster Tycoon, the company survived its dark days and now have a $20 million revenue.
Chesnais said that they are also planning to go back into the hardware business with the 2019 launch of the Atari VCS home console and is making games again. Atari has been growing like crazy but is growing at a very solid pace.
Atari has a deal with Animoca to do a blockchain-based game. According to Chesnais, in gaming, it’s going to have a significant impact on developers. Everyone will create assets in the industry, and with blockchain, they’ll be able to tag and identify and trace every asset. He said that he’s happy to work with Animoca.