Mad Catz files for bankruptcy

Discussion in 'GBAtemp & Scene News' started by Chary, Mar 31, 2017.

  1. Chary
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    Chary Never sleeps

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    If you have ever purchased a third party accessory for your console, the name Mad Catz might be familiar to you. The company known for their cheap memory cards, off-brand controllers, and other peripherals has just filed for chapter 7 bankruptcy. Mad Catz and its subsidiaries will be liquidating their assets, as well, and the officers and directors of the company have all stepped down as of March 30, 2017. Founded in 1989, Mad Catz has acquired brands like GameShark, Tritton, and Saitek. The cause their demise is thought to be due to the poor sales of Harmonix's Rock Band 4, which Mad Catz was in charge of, taking financial responsibility for marketing and lacking sales of peripheral hardware.

    :arrow: Source
     


  2. natanelho

    natanelho GBAtemp Maniac

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    March 39 lol
     
  3. xtheman

    xtheman GBAtemp Guru

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    I think you've just been fooled
     
  4. chavosaur

    chavosaur Austin Trujillo

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    I can't believe they ran out of the $18.42 that they used to create every cheap, plastic, awful excuses for accessories ever.
     
  5. Chary
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    Chary Never sleeps

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    You saw nothing! :angry: Lousy phone keyboards.

    18 dollars? That's being really generous.
     
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  6. DDTarZan

    DDTarZan Never getting laid again /s

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    March 39th? Sounds like they have some days left. :P

    RIP, I guess.
     
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  7. shaunj66

    shaunj66 Administrator

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    Younger siblings everywhere rejoice
     
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  8. BunnyHops

    BunnyHops Newbie

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    The cause of their demise goes beyond Rock Band 4. Everything about them was going downhill, hardware included. Off the top of my head I can think of their Android console, which was supposed to get new life with OUYA Everywhere, but that also became a failure, OUYA of which got acquired by Razer, a company that I think was tough competition for Mad Catz.
     
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  9. nolimits59

    nolimits59 GBAtemp Fan

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    Fun fact is that since like 5-6 years, they do really premium gaming peripherials :/. But we all know them for the you siblings and friends at home secondary gamepad x).
     
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  10. Hells Malice

    Hells Malice Are you a bully?

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    Everything they made was complete shit. I'm amazed they survived this long.
     
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  11. cvskid

    cvskid GBAtemp Addict

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    Sad to hear news like this. They made the best arcade/fightsticks that money can buy IMO. Seems like now HORI is the go to place for arcade/fightsticks now since trying to find a madcatz arcade/fightstick now people will price gouge them. It's the end of an era.
     
    Last edited by cvskid, Mar 31, 2017
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  12. Tom Bombadildo

    Tom Bombadildo Honk!

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    I forgot
    Haven't seen a whole lot of Mad Catz controllers in a long while here, mostly PDP and Hori stuff nowadays.
     
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  13. The Real Jdbye

    The Real Jdbye Always Remember 30/07/08

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    That's too bad.
    I know everyone likes to shit on them a lot but I only own two Mad Catz products - both are wireless controllers for the PS2, and while they are a little on the small side, they work great. So my experience with Mad Catz is positive.
     
    Last edited by The Real Jdbye, Mar 31, 2017
  14. James310

    James310 GBAtemp Advanced Fan

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    Can't tell if real or April fools joke because I actually used a lot of Mad Catz Controllers Before...
     
  15. cvskid

    cvskid GBAtemp Addict

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    That is some april fools joke then since they pulled both madcatz amazon and ebay stores/sections that they had from the websites.
     
  16. RustInPeace

    RustInPeace Samurai Cop

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    I thought Mad Catz was a third party manufacturer of Nintendo accessories, because all the products I got from them were Nintendo ones. Then again I only had Nintendo consoles, apart from a Sega Genesis. I had some GC controllers from them, unfortunately they weren't very durable, whether it be my fault or theirs. GC memory cards, I'm sure I had one of those, a bunch of GBA accessories, such as a screen lighter for the original GBA, link cables as well, which I still have. I guess Nykoo and Hori took the reigns as I've come across more of their Nintendo accessories these days, Mad Catz, was early to mid 2000s. Sucks for them.
     
  17. RevPokemon

    RevPokemon GBATemp's 3rd Favorite Transgirl

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    Mad Catz made a lot of cool stuff tho
     
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  18. the_randomizer

    the_randomizer The Temp's official fox whisperer

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    And not a single damn was given :creep: Yes, it sucks that people lose their job, but let's be honest, their products sucked ass :lol:
     
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  19. DinohScene

    DinohScene Dino May Fire

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    Can't say I'll miss them.
     
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  20. grossaffe

    grossaffe GBAtemp Addict

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    What's gonna happen with Saitek? They're supposed to have some pretty good flight sticks.