Data East goes bankrupt

By Staff, GameSpot
Posted Jul 7, 2003 11:30 am PT

The financially troubled company officially declares bankruptcy.

According to Softbank Games, Data East Corporation has been declared bankrupt by the district court of Tokyo. The declaration was made on June 25 and revealed to the public today. Data East has been in financial trouble since 1999, when the company requested a settlement in the district court in order to reorganize its finances because of a 3.3 billion yen ($28 million) debt.

Data East was founded on April 20, 1976. The company is well known as a software publisher and an electronics manufacturer. It has released a variety of arcade machines, including one of the first cartridge-based arcade game systems, the Deco Cassette System, which made its debut in 1980. On the software side, Data East is known for a number of famous games such as Bad Dudes, Karnov, the Metal Max series, and the Fighter's History series. Its last known new release was Side Pocket for the WonderSwan in November 1999.

5 Comments

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Serpent_01
Posted Dec 19, 2007 5:55 pm PT

I miss there games.
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Blace_07
Posted Feb 27, 2007 4:42 pm PT

Joe & Mac was a great game, thats too bad...
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Zacek1000
Posted Oct 6, 2006 1:17 pm PT

Rest in Peace, Data East, I'll always remember Joe & Mac...
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peppadwg
Posted Aug 27, 2006 11:50 pm PT

every time i buy a nes game made by them it turns out to be one of the worst games ever, but i heard they did make a few average ones
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disposablepal
Posted Jul 1, 2006 2:00 pm PT

WWHHHHYYYYYYYYYYYYY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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