Mad Catz Sells Tritton Audio Brand to Silkysea International Limited
Video game peripheral maker Mad Catz sold its Tritton brand to Silkysea International Limited, it announced on Friday.
The assets sold includes specified trademarks valid in the U.S., China, Hong Kong, and Russia.
Mad Catz acquired the line of gaming headsets from Tritton Technologies in 2010 for $1 million in cash, along with a maximum of $9 million more over the next five years if the products hit certain unspecified sales goals.
Mad Catz voluntarily filed for bankruptcy in March 2017 after several years of financial struggle. It gambled big on making peripherals for Harmonix’s “Rock Band 4” in 2015, but consumer interest in the rhythm genre had diminished at that point. Mad Catz president and CEO Darren Richardson, along with other executives, resigned a year later and the company cut a large portion of its workforce. By January 2017, it was at risk of being delisted from the New York Stock Exchange.
Mad Catz...
The assets sold includes specified trademarks valid in the U.S., China, Hong Kong, and Russia.
Mad Catz acquired the line of gaming headsets from Tritton Technologies in 2010 for $1 million in cash, along with a maximum of $9 million more over the next five years if the products hit certain unspecified sales goals.
Mad Catz voluntarily filed for bankruptcy in March 2017 after several years of financial struggle. It gambled big on making peripherals for Harmonix’s “Rock Band 4” in 2015, but consumer interest in the rhythm genre had diminished at that point. Mad Catz president and CEO Darren Richardson, along with other executives, resigned a year later and the company cut a large portion of its workforce. By January 2017, it was at risk of being delisted from the New York Stock Exchange.
Mad Catz...
- 2018-07-13
- par Stefanie Fogel
- Variety Film + TV
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