OverviewAcclaim Entertainment, Inc. was founded in 1987 as a Delaware corporation. Over the next 17 years, the company became a leading worldwide developer, publisher and mass marketer. The company's headquarters were located in Glen Cove, New York and their common stock publicly traded on the US Stock Exchange (NASDAQ symbol AKLM).
Through their subsidiaries in North America, the United Kingdom, Germany, France, Spain, and Australia, the company distributed their software products directly to retailers and other outlets. They also utilized regional distributors in Japan and the Pacific Rim to distribute software within those geographic areas.
In addition, the company was the distributor for other publishers worldwide. A smaller portion of their business included publishing gaming strategy guides and issuing special edition comic magazines to support brands they owned, including Turok and Shadow Man.
The demise of the company began in 2003, when the Security and Exchange Commission (SEC) began an investigation into several video game companies, including Acclaim. Lawsuits were filed in March 2003 against the company in US District Court alleging "violations against the Securities Exchange Act of 1934". In June 2003, CEO Gregory Fischbach stepped down as chief executive and was replaced by President Rodney Cousens. The end of Acclaim came when they filed Chapter 7, Title 11 (United States Bankruptcy Code). All divisions and studios were closed and assets liquidated by the end of 2004. Legal battles were fought in various courts all the way into mid-2007.
However, the name Acclaim has not died. During the liquidation period in Sept. 2004, former Activision CEO Howard Marks purchased the Acclaim name and the logo for a reported USD $100,000. Then in 2006, he and Neil Malhotra created a new company naming it Acclaim Games with an entirely new focus: Massive Multiplayer Online Games.
List of Acclaim's companies, divisions/subsidiaries, and studios (probably incomplete):
- Acclaim Entertainment, Inc. (HQ, Glen Cove, NY)
- Acclaim Distribution, Inc. (Oyster Bay, NY)
- Acclaim Entertainment Canada Ltd.
- Acclaim Entertainment Ltd. (London, UK)
- Acclaim Entertainment, GmbH (Germany)
- Acclaim Entertainment Pty Ltd. (Melbourne, Australia)
- Acclaim Entertainment S.A. (Paris, France)
- Acclaim Entertainment España S.A. (Spain)
- Acclaim Japan, Ltd.
- Acclaim Studios Salt Lake City (Utah)
- Acclaim Studios Austin (Texas)
- Acclaim Studios Cheltenham (UK)
- Acclaim Studios London (UK)
- Acclaim Studios Manchester (Manchester, UK)
- Acclaim Studios Teesside (UK)
- ACA Holdings Inc.
- Acclaim Cable Holdings Inc.
- Acclaim Character Animation LP
- Acclaim Coin-Operated Entertainment Inc.
- Acclaim Comics Inc.
- Acclaim Corporate Center I Inc.
- Acclaim Redemption Games Inc.
- ACTC LP
Contributed by POMAH (49063) on Aug 28, 2002. [revised by : Indra is stressed (20731) and Jeanne (76599)].