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IAC Incurs $22M Writedown On InstantAction Closure

by Britt Scott · in General Discussion · 02/02/2011 (12:10 pm) · 3 replies

www.gamasutra.com/view/news/32790/IAC_Incurs_22M_Writedown_On_InstantAction_Clos...

Quote:Web conglomerate IAC reported Wednesday it took a $21.5 million after-tax loss from the shutdown last year of browser-based gaming platform InstantAction.

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Associate Britt Scott

About the author

Attended Brown College in Mendota Heights, MN for Game Design and Development. Projects include the Mech Starter Kit and the Battle Frog. Currently working toward a game design career.

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    Associate Steve Acaster
    [YorkshireRifles.com]
    #1
    02/02/2011 (12:54 pm)
    Quote:
    Losses were $21.4 million, an improvement over losses of $1.03 billion for the same quarter a year ago

    *youchie!*

    Torque 3D Owner Ronny Bangsund
    Torque Cheerleaders
    #2
    02/02/2011 (1:23 pm)
    Next year they will make money, if they have a division actually producing things!

    Torque 3D Owner Steve
    YP productions
    #3
    02/02/2011 (5:10 pm)
    $21 million doesn't mean crap to those guys. I think I read somewhere, a while back, that they have like 400 million bucks available in cash at any time to fund acquisitions of various web sites, game engines, and whatnot. Meanwhile, I just want them to release the rights they still have to the various add-ons and games, which I would imagine mean nothing to them now.