Well what a bitch SNK has closed down

LWK

LWK

Earl of Sexyheim
20 Year Member
Joined
Jan 5, 2001
Posts
18,070
The end is here

Since the filing for civil reorganization in the court of Osaka on April 2, 2001, SNK has been trying to restore and reorganise the company but has just announced that this is not possible and that the company will be wound up and liquidated.

Just recently the Osaka court ruled that it has revoked the SNK application for reorganisation and will adjudicate SNK bankrupt by the end of this month. SNK has not announced any successor to take over any company operations at this time.

The long awaited "The King of Fighters 2001" will still be released at the end of November, but it is unclear who will be marketing the sales for international customers. Just recently SNK released "Zupapa" and had another 4-6 titles scheduled for release over the next 6 months. It is also unclear whether these titles will still be released.

SNK has been an industry icon for over 23 years, beginning in Japan in 1978 and has released hundreds of titles and enabled operators to operate low cost and steady games for many years. It is with regret we write this story and saddened to hear that all our friends at SNK have lost their job.
 
BIG BEAR

BIG BEAR

SHOCKbox Developer,
20 Year Member
Joined
Dec 14, 2001
Posts
8,237
I'm just glad XBOX can't destroy everything that preceeded their arrival!
I'm forced to come in contact with their product on my CPU but I'm not forced to go out and purchase that hunk of SH86T they're marketing!
CONSPIRACY LIVES!
-BB
 
SNK4EVER

SNK4EVER

R.I.P., Dear Friend,
Joined
May 19, 2001
Posts
1,415
Damn, that really hurts. <IMG SRC="smilies/frown.gif" border="0">
 
I

insaneben

,
Joined
Oct 9, 2001
Posts
1,530
I guess this means we won't see Garou: MOTW 2 or Metal Slug 4 anytime soon (or possibly ever). At least King of Fighters 2001 will still be released in arcades in Japan (but will we still see it over in the states?). It's a sad day for SNK fans the world over. The question now is: will Eolith pick up any of SNK's other properties?
 
LWK

LWK

Earl of Sexyheim
20 Year Member
Joined
Jan 5, 2001
Posts
18,070
Now that SNK is pronounced dead.
HOW IN HELL do S3 carts materialize?
 
M

mookystains

Chairman Kaga sez, "Dakis-san's the one who's goin
Joined
May 6, 2001
Posts
2,563
damnit damnit damnit! This truly 5ux0rZ. SNK is awesome, at least KOF 2k1 is still beeing realesed.SNK closing down is sad sad news.

[ October 17, 2001: Message edited by: mookystains ]
 
N

NeoLord

Neo-Geo FAQs Editor
Joined
Aug 26, 2000
Posts
2,429
If this report is true (I'm still waiting for MMCafe to respond), it looks like the future of Neo-Geo ends today. <IMG SRC="smilies/frown.gif" border="0">
 
jbeedham

jbeedham

yeah he did that, ,
Joined
Jan 12, 2001
Posts
833
Even if SNK goes under can't Aruze just release their games since they own SNK?
 
N

NeoGML

Fighting Artist
Joined
Jan 24, 2001
Posts
2,033
this really really really really sucks ass..

i love the fact that KOF2k1 is being released, but there's no KOF2K1 homecart... <IMG SRC="smilies/frown.gif" border="0">

today is a very sad day.
 
C

Caris Nautilus

Guest
Well SNK's been on life support for the last few years, it was bound to happen.
 
E

Endtime

Morden's Lackey
Joined
Aug 9, 2001
Posts
373
Looks like I got into the scene a little too late...as usual. <IMG SRC="smilies/ohno.gif" border="0"> No more AES carts then. <IMG SRC="smilies/crying.gif" border="0">
 
chimpmeister

chimpmeister

Former Moderator
Joined
Aug 13, 2000
Posts
5,228
Sad, sad day . . . <IMG SRC="smilies/crying.gif" border="0"> <IMG SRC="smilies/crying.gif" border="0"> <IMG SRC="smilies/crying.gif" border="0"> <IMG SRC="smilies/crying.gif" border="0"> <IMG SRC="smilies/crying.gif" border="0"> <IMG SRC="smilies/crying.gif" border="0">
 
F

FeelGood

So Many Posts
No Time
For Games.
Joined
Aug 18, 2001
Posts
17,794
pfft. this just in from highway games? give me news from a more reputable source. SNK going bankrupt doesn't mean it's dead.
 
O

outsider

Benimaru's Hairdresser
Joined
Sep 17, 2000
Posts
799
Originally posted by Lord Wolfgang Krauser:
<STRONG>Now that SNK is pronounced dead.
HOW IN HELL do S3 carts materialize?</STRONG>
Click to expand...

Indeed... I do hope we get to atleast see S3... pretty please? Somehow?
 
evasyar

evasyar

Genjuro's Frog,
Joined
Aug 21, 2001
Posts
1,193
Tis a very sad depressing day... <IMG SRC="smilies/crying.gif" border="0"> SNK yours sure is a glorious legacy. More than a decade of Neo Geo and awesome software will always be remembered...

One would wonder what would happen to the intellectual properties/franchise of SNK??? Will Aruze the parent company take that over and continue on developing the SNK games but maybe on diff mediums (naomi, PS2, carp-BOX, or lame-CUBE)??? Somebody, any hot-shots developers out there can rise to the occation, buy the license and continue development of Samurai Shodown 5 or sumpin???

SNK is great!!! <IMG SRC="smilies/wink.gif" border="0">
 
Ran Thrie

Ran Thrie

Zero's Tailor
Joined
Jul 25, 2001
Posts
563
Please, Some strong company take over and resume transmission!

PoOF!
((Shinobi Vanish))
 
R

Real Bout Maniac

Corporal Dick,
Joined
Sep 17, 2001
Posts
885
Wow... what do you say to something like this? <IMG SRC="smilies/crying.gif" border="0">

I mean... we've all known that the Neo couldn't keep coming out with new titles forever, and with the bad news that's been coming out of SNK Japan recently, things didn't look so good.

But to actually get possible confirmation on what we've all been fearing...

I only hope this turns out to be a big mistake/misunderstanding, or that in someway Aruze can keep the SNK properties alive and well.

And I'm really dreading what's going to happen to the home cart/CD market. I can see the price gouging already... <IMG SRC="smilies/ohno.gif" border="0">
 
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