In disappointing but not surprising news, Mad Catz Interactive announced today that it has filed for bankruptcy.
Mad Catz Interactive is the parent company of video game accessory maker Mad Catz and audio company Tritton. It voluntarily filed for bankruptcy yesterday, March 30, with its directors and officers also resigning.
Its subsidiary Mad Catz, Inc.--which you know as the company responsible for producing controllers, keyboards, mice, and other video game accessories--has now ceased operations and filed for chapter 7 of the Bankruptcy Code, which will see its assets liquidated. The fate of Tritton was not outlined in a press release announcing the news, but additional Mad Catz Interactive subsidiaries are expected to be liquidated.
Mad Catz has had a rough few years. In 2015, it warned of "substantial doubt about the company’s ability to continue" due to uncertainty around the performance of Rock Band 4, which it made a big gamble on.