Intellivision Amico - An upcoming console you know less about than the Atari VCS

will this do well

  • yes

    Votes: 5 2.9%

  • no

    Votes: 116 67.1%

  • intellivision? whats that?

    Votes: 52 30.1%
  • Total voters
    173
https://twitter.com/THEREALRTU/status/1491621029432676352 Fatamico.jpg
 
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Pickle Man said:
So alot of news just came out recently. Tommy is no longer CEO but still president of intellivision. The company is so far in debt, 8 million in debt with only about 400k in revenue, that their doing a 4th round of crowd funding and they need $5 million in order for them to stay going or they wont make it past July.
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Funny to see how this appears through the layman's eyes. That new Ars Technica article, which I'm sure you've all read, took the bait perfectly. Tallarico may have sacrificed a pawn or two, but he'll be putting his opponents in checkmate after a few more moves. The heat is on, so officially stepping down to capo makes sense, but I have no doubt Tommy's still the real don behind the scenes.

"Appear weak when you are strong" - Tommy Tallarico, The Art of Console War.

Reaching out for $5 million dollars is chump change when you consider the legions of Intellivision maniacs out there. There are three BILLION casual gamers out there... even a single penny from each one would exceed the Amico's goal by a factor of five. They're drawing from untapped resources. Risky? Maybe, but Tommy's never been one to play it by the book. And after today's disastrous Nintendo Direct, the opposition's hand couldn't be weaker.
 
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Calandrino said:
Funny to see how this appears through the layman's eyes. That new Ars Technica article, which I'm sure you've all read, took the bait perfectly. Tallarico may have sacrificed a pawn or two, but he'll be putting his opponents in checkmate after a few more moves. The heat is on, so officially stepping down to capo makes sense, but I have no doubt Tommy's still the real don behind the scenes.

"Appear weak when you are strong" - Tommy Tallarico, The Art of Console War.

Reaching out for $5 million dollars is chump change when you consider the legions of Intellivision maniacs out there. There are three BILLION casual gamers out there... even a single penny from each one would exceed the Amico's goal by a factor of five. They're drawing from untapped resources. Risky? Maybe, but Tommy's never been one to play it by the book. And after today's disastrous Nintendo Direct, the opposition's hand couldn't be weaker.
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Had me in the first half...
 
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BrunoMattei said:
I just want to know wtf is happening with the Earthworm Jim game.
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I wouldn't be surprised if it never left the design doc phase. It's been obvious for a long time that this company is broke, which is why they've been constantly crowdfunding (which Tommy originally said they wouldn't do). There's a reason they announced 90 titles but have only showed off the same handful of shitty looking games (many of which were subsidized by the German government) since the console was announced. They don't have the money to make more stuff. The iPod footbath was supposed to be out almost 18 months ago.
 
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I wasn't sure where to ask this but can anyone explain me what the deal is with Saggy Melonz? Beside trying to dick suck Tommy Tallarico, Reviewtechusa, Mundanematt, and Tipster, her stupidity might be the final nail in the intellivision amico coffin.
 
I thought the bump in this thread related to this.
Now, as highlighted by Ars Technica Technology Culture Editor Sam Machkovech, Intellivision has brought an early end to a fundraising run it had on Start Engine. It's a website / company that facilitates companies to raise capital through selling shares, with the pitch being that it's a platform for investors of all sizes to discover new products and companies. Despite only launching in early February the Intellivision run ended on 28th February, raising $58,001 from 54 investors, well below the 'maximum offering' of $5 million. Closing the account when Intellivision did was within the platform's rules - offerings have to be open for a minimum of 21 days, which this just reached. Notably, when the total raised is under $107,000 "the business owner can personally sign off on the legal and financial paperwork", without the need for "an outside CPA to verify your financials for the past two years".
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intellivision campaign ended.JPG

intellivision campaign ended 2.JPG

The dream's dead, I guess. Rest in Piss, Amico. You never stood a chance.
 
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Vyse Inglebard said:
I thought the bump in this thread related to this.

View attachment 3033456
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The dream's dead, I guess. Rest in Piss, Amico. You never stood a chance.
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At least we'll still have the comments, even if not all of them made it into the archive.

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Intellivision cuts latest Amico fundraising campaign short, setting alarm bells ringing​

Weeks after admitting it might not last beyond July.
News by Matt Wales, Reporter
Updated on 1 March 2022
[ original | archive ]

Intellivision has cut its latest fundraising campaign for the still-unreleased Amico console short, setting yet more alarm bells ringing over the troubled machine's future.

The Amico, designed as a low-spec console with a family focus, was announced in 2018 and initially expected to arrive in October 2020.

However, the machine has since been thrice-delayed, with still no sign of a launch in sight. Worse still, a recent SEC filing highlighted "significant debt" for Intellivision and suggested that, having made no revenue since its inception, the company may not be able to operate beyond July 2022 without additional funds - despite 6,000 pre-orders for Amico still being unfulfilled.

Intellivision's SEC filing preceded another round of fundraising for the Amico, in which the company was looking to raise $5m USD in capital through Start Engine. 21 days into the campaign, however, Intellivision has now called time, raising just $58,001 from 54 investors.

As Ars Technica tech culture editor Sam Machkovech (who has been closely documenting the unfolding Amico story) noted on Twitter, Intellivision's decision to close the campaign early and take the money rather than holding out the full three-month term is as "bright and red a flag as it gets in the world of unreleased tech hardware."

It's another curious episode in an ongoing saga filled with curious episodes, including Intellivision's decision to start selling boxed copies of Amico games last October (charging $79.99/€79.99 for four games set to retail for less than half that digitally), despite the fact there was, and still is, no release for the console in sight. All Intellivision said at the time is that it expected the machine to arrive "in the upcoming months".

In February this year - following the announcement Intellivision CEO Tommy Tallarico had left his role - the company provided an update, insisting production for the much-delayed Amico was just beginning. However, with July growing steadily closer and just $58,000 added to Intellivision's coffers following its recently aborted funding campaign, it's unlikely confidence in the company's statements will be restored until units are in purchasers' hands.

--

Edit: Looks like Tommy Tallarico has recently locked his Twitter account.
 
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