Mad Catz files for bankruptcy

[AstroSam]

(...)
Mad Catz has been in financial trouble for some time. A previous round of executives resigned just over a year ago when it became clear the company's big bet on manufacturing Rock Band 4 peripherals had not provided the sales Mad Catz needed.

This was not entirely the fault of Mad Catz - Rock Band 4 itself failed to match sales of its predecessors, although Mad Catz had also taken on Rock Band 4's global retail sales, plus promotion and distribution of the game as well as hardware bundles. At launch, there were reports that not enough stock had been produced.

A round of job cuts followed, Rock Band 4 support was dropped, and the company began searching for a way to save itself. It's now clear this effort has failed.

Last June, Mad Catz announced it had suffered an enormous loss. After this, it could not find another company interested in purchasing it, or generate any more cash to keep going from money lenders.

Mad Catz's assets are now being liquidated - a process to be overseen by financial firm PricewaterhouseCoopers Inc.(...)

Source: http://www.eurogamer.net/articles/2017-03-31-peripherals-maker-mad-catz-files-for-bankruptcy

RIP :(

 

[supitza]

I'm sure it was because of the ugly peripherals.

What the hell, Mad Catz?

Oh my god, stop.

WHYYYYYY? WHY ARE YOU DOING THIS?

 

[Blind Owl]

Glad Logitech bought Saitek before this happened.

 

[hardroc77]

I'm sure it was because of the ugly peripherals.

What the hell, Mad Catz?

Oh my god, stop.

WHYYYYYY? WHY ARE YOU DOING THIS?

These look more like models for concept ships than gaming mice.

 

[MikeAlphaTangoTango]

I feel a bit disappointed by this, I've had a RAT 3 mouse for years now, and I can say it's easily my favourite. On the bright side, with Mad Catz out of the way, Saitek can finally get on with making that Star Citizen HOTAS!