Atari invests $3.5 million in retro game platform ‘Antstream’

Atari announced on the 23rd that it would make a strategic investment of $3.5 million in ‘Antstream’.

The investment is initially set at $500,000 and can be increased to a maximum of $3.5 million through multiple options in the future. In addition, Atari has also signed a contract with the rights to purchase assets from Mobygames, a video game database service, for $1.5 million.

Founded in 2013, Antstream is a retro game providing platform that provides over 1,200 titles along with classic games such as Pac-Man and Space Invaders through advertisements and paid subscriptions. Antstream received an investment from China’s Tencent in 2019, and cooperation with Atari to produce the ‘Atari VCS’ console has already been carried out.

Mobi Games is currently owned by Blue Flame Labs, but this investment and contract gives Atari the right to purchase the Mobi Games website and database. In addition, Atari further reported that it had completed a third-party sale of the NFT parcel in the sandbox and received a cash payment of $4,284,000.

Reference-www.inven.co.kr