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Mad Catz files for bankruptcy, company is shutting down
- Thread starter Nirolak
- Start date
This is very bitter sweet for me...... I spent 3 years working at Mad Catz and made some of the best friends and coworkers a guy could have. But that place was beyond mismanaged and falling apart for years. The finger can be DIRECTLY pointed at Darren Richardson and all those that had the ability to, but never stood up to him. He used the company as his personal play thing to make products HE would want and priced them at prices HE could pay. And then, when all was said and done, he took his money and walked away, leaving all those that actually worked hard and cared about the company to have to clean up his mess. I thought when he left and Karen took over as CEO that the company might actually have a chance to pull itself back together. She was a breath of fresh air when she started and I really thought she had what it took to fix the mistakes of the past, but it was too far gone at that point. I hate to see them go in such a terrible manner, but I will never forget all the fun I had there and all that I learned. Here's to you, MCZ....... godspeed
Leafhopper
Banned
Pretty much everyone said when Rock Band 4 was announced and that Mad Catz was involved it was a bad idea and then a few months later they said it did way worse than they expected, I knew it hurt.
Obviously not just Rock Band 4 did this but, yeah.
Well we got Hori and Qanba. Everyone else already does deals with them except Capcom.
Obviously not just Rock Band 4 did this but, yeah.
Well we got Hori and Qanba. Everyone else already does deals with them except Capcom.
VolticArchangel
Member
Sad to see such a brand, with generations of influence, fading away. Hope their employees land on their feet at the very least. Thanks for all the good memories MCZ. You'll be missed.
Also, is it normal to be filing for bankruptcy on the final day of the fiscal year, or is there a catch to it?
Also, is it normal to be filing for bankruptcy on the final day of the fiscal year, or is there a catch to it?
xDUMPWEEDx
Banned
KingdomHeartsFan
Member
Dam I could count on them if I wanted a cheap controller.
I don't think so, really.
They sold saitek.
CrashPrime
Member
Hori had to step up their game to compete. Now they get to dominate the market again. It will be fine.
LEITZSABER
Member
RIP Mad Catz
Still have a working light-up N64 rumble pak:
Still have a working light-up N64 rumble pak:
Outrun
Member
That is cold....
sixteen-bit
Member
I don't know about that. Madcatz was on the higher end of pricing. Hori and Quanba were undercutting them already.
disappeared
Banned
I remember the old days of the ps1 where their memory cards allegedly corrupted saves and fried controller ports. Not sure how widespread that was or if it was just Sony fearmongering to get people to buy official accessories.
BulletBees
Member
Crazy! Their latest fight sticks were solid. I have a TE 2+ that I use with a Cronus Max on all my systems and it's fantastic.
Diablohead
Member
I still have this:
It's a piece of shit.
I had this beauty in blue, because of the magnet style analog stick methods sega used on the dreamcast you can actually make sonic run faster in sonic adventure using that controller over an official, not by much but it does change his speed.
Sgt. Kabukiman
Banned
Well, shit. Not surprising but still a bummer. Good luck to all the employees.
And to be honest, I doubt Harmonix will be far behind. They've been running on fumes for a while.
And to be honest, I doubt Harmonix will be far behind. They've been running on fumes for a while.
Septimus Prime
Member
This news sucks as bad as their peripherals. Hope everyone lands on their feet.
Pai Pai Master
Banned
This is sad 
Tal Shiar Agent
Member
End of an era. Let's honor them by posting their various accessories over the years.
This is my main GC memory​ card.
This is my main GC memory​ card.
JetSetRadio
Banned
They had a good run, people love cheap trash.
TransTrender
Gold Member
Whelp this sucks because I really liked they tried to keep Rock Band alive. Didn't like the part where I can't buy replacement drums and kick pedals though.
Overall their peripherals were crap and I'm amazed they made it this far.
Also I like that edgy 1328158 Ontario Inc name, rolls right of the tounge.
Overall their peripherals were crap and I'm amazed they made it this far.
Also I like that edgy 1328158 Ontario Inc name, rolls right of the tounge.
Damn, I wonder if they will still release their Tekken 7 edition sticks.
I'm sad thinking they probably won't.
Hugh Swank
Member
I'll never forgive them for buying the Tritton Headset company and turning them to shit. I loved my Tritton AX Pro....R.I.P
Hero of Legend
Member
So what becomes of the GameShark brand now? Mad Catz bought it from InterAct after they went belly up. I honestly hope Datel grabs it, finally reuniting the brand with the original creators, as GS was just the Action Replay localized in NA.
After the split, Mad Catz brought in Fire International (who was behind Codebreaker IIRC?) and made the GameShark SP on GBA. I think this was the only system to get both the OG InterAct GameShark and a Mad Catz-built version. Maybe PS2 also.
After that, cheat devices started to phase out and be replaced by Cheat Save discs and now on 3DS, just download-only Cheat Save carts.
I miss those days.
After the split, Mad Catz brought in Fire International (who was behind Codebreaker IIRC?) and made the GameShark SP on GBA. I think this was the only system to get both the OG InterAct GameShark and a Mad Catz-built version. Maybe PS2 also.
After that, cheat devices started to phase out and be replaced by Cheat Save discs and now on 3DS, just download-only Cheat Save carts.
I miss those days.
GifGafIsTheBestGaf
Member
end of an era, indeed. best of luck to all of them
klabautermann
Member
Been obvious for a while, but bummed. I was a big fan of their Fightsticks. I use the Chun-Li TE2 as my main squeeze.
Doubt you'll find colors other than red and white. Blue shows up occasionally. Took me forever to snag some black parts. Still looking for the led pcb.
klabautermann
Member
Their fightsticks from last gen and this gen were pretty great.
manzoman96
Member
End of an era. Let's honor them by posting their various accessories over the years.
This is my main GC memory​ card.
haha I have the same one. Legendary.
Imp the Dimp
Member
I remember buying a memory card for PS2 back when I got the console in 2001 when it was super overpriced. The card worked fine so no complaints from me. I stuck to 1st party hardware in the future though. It definitely evoked some memories reading the name, but I can't say I'm all that touched. Hope everybody finds new jobs as quickly as possible.
firehawk12
Subete no aware
Wait, Mad Catz was owned by a Canadian holding company?
TransTrender
Gold Member
Yes the ubiquitous 1328158 Ontario Inc.
Arcade stick and 3rd party controller maker MadCatz filed for bankruptcy.
https://www.gamespot.com/articles/a...content=news_module&utm_campaign=hub_platform
They gambled and partnered with Harmonix with Rock Band 4, and with Rock Band 4 and Music games in general flopping it sunk their business.
If you have any of their Premium Fightsticks on consoles and want to use them on PC download the drivers while MadCatz still has a website available.
http://www.madcatz.com/downloads/
.
https://www.gamespot.com/articles/a...content=news_module&utm_campaign=hub_platform
They gambled and partnered with Harmonix with Rock Band 4, and with Rock Band 4 and Music games in general flopping it sunk their business.
If you have any of their Premium Fightsticks on consoles and want to use them on PC download the drivers while MadCatz still has a website available.
http://www.madcatz.com/downloads/
.
funkystudent
Member
Getting involved with Rockband 4 was the dumbest idea.
It was never gonna work out.
It was never gonna work out.
This is a shame because I (and many others) liked their arcade sticks. Sadly, that couldn't keep the lights on by itself so they had to take risky ventures like doubling down on the plastic instrument nonsense over the last couple years despite the writing being on the wall there.
I guess the problem is that they were so good at what they did with those arcade sticks that no one ever needed to buy another one short of getting a new console , especially with the backwards compatible sticks on PS4. I'm still using my original TE SF4 stick on my PC and it's like 8 years old now.
I guess the problem is that they were so good at what they did with those arcade sticks that no one ever needed to buy another one short of getting a new console , especially with the backwards compatible sticks on PS4. I'm still using my original TE SF4 stick on my PC and it's like 8 years old now.
ScientificPizza
Banned
Man that Rockband gamble really backfired on them huh