Acclaim cancells PS2 Ferrari games.
Today Acclaim announced that they have halted their Ferrari projects for Playstation 2 due to financial losses. It seems as if Acclaim has had too many financial problems that they have decided to let go of their Ferrari license and suspend their contract with the Italian motor company. Acclaim has seen quite a downfall in profits lately and I think that it was a smart idea to let the Italian beauties out of their stables. With this announcement now comes the chance that Sony may pick up the license to Ferrari for their next Gran Turismo title, presumably GT2001. Acclaim's statement had this in it: "Due to a decline in revenues brought about by the transition in the market, Acclaim has reevaluated the investment requirement for Ferrari and made the decision to suspend future development of all titles under the Ferrari License." All but the Dreamcast Ferrari 355 that is, sorry future PS2 owners but DC owners will still be getting their game.
The statement finished with this quote: "Instead, the Company will continue to focus its efforts on the development of high-quality, next-generation product for the PlayStation 2, X-Box and Nintendo's next-generation platform, and marketing efforts for its upcoming releases. Acclaim projects to spend in excess of $50 million in research and development in the next fiscal year." Gamers aren't completely in doom though, Acclaim's future products such as RC Revenge Pro, Shadowman 2, Super Bust a Move, All Star Baseball 2001, Quarter Back Club 2001 and future PS2 footbal titles are still in the pipeline.