Intellivision Admits Its Wii-Like Amico Console May Never See Release

Yesterday, we reported that Intellivision Entertainment’s Tommy Tallarico had been replaced as CEO by chief revenue officer Phil Adam in order to “better align” company resources with “new challenges.”

One of those new challenges may be keeping the company afloat, as an SEC filing shared on the firm’s website earlier this week suggests that it has made no revenue since its resurrection in 2018 and may not be able to operate beyond July of this year (thanks,

The filing goes through the various risks associated with investing in a firm like Intellivision. The fact that any investment carries an inherent degree of risk is perhaps obvious, but other parts of the filing shed a light on the company’s current predicament.

For example, the filing points out that we may never see a “fully operational” Amico console:

It is possible that there may never be a fully operational Intellivision Amico. It is possible that the failure to release the product is the result of a change in business model upon [the] company’s making a determination that the business model, or some other factor, will not be in the best interest of [the] company and its stockholders/members/creditors.

Elsewhere, the filing states that Intellivision – which Tallarico revived in 2018 – has not generated any profit since it was resurrected and has instead “sustained losses since inception.” Significant debts are also disclosed, including an “aggregate of $3.1 million in outstanding loans” from its board members.

Intellivision has already run several investment drives which have raised around $17 million towards the cost of designing, manufacturing and marketing the Amico console, as well as paying for the development of software. The firm is now seeking a further $5 million, which would “approximately seven to nine months.” If only a minimum of $10,000 is raised from its campaign, the company would “only have operating cash for one to two months.”

The filing also points out that Intellivision has spent $1.35 million in “pre-payments for electronic components to Ark Electronics USA” but an ongoing contract dispute means that “the disposition of those funds are potentially at risk.”

The Amico was been delayed three times (the original launch was supposed to happen in October 2020) and, as of February 2022, the console still doesn’t have a solid launch date.

Related Posts

Cal and BD-1 Return in Star Wars Jedi: Survivor

The sequel to Star Wars Jedi: Fallen Order will be released in 2023. Today, Respawn Entertainment, Electronic Arts, and Lucasfilm Games unveiled Star Wars Jedi: Survivor on …

Read more

This Week on Xbox: Upcoming Games, Free Updates, and New Releases

Summary Related:This Week on Xbox: New Games, Upcoming Releases, and EventsThis Week on Xbox: New Releases, Events, and UpdatesThis Week on Xbox: Three New Xbox Game Pass …

Read more

3D Platformer Kao the Kangaroo Jumps onto Xbox This Summer!

With over 21 years of history to build on, the latest entry into the Kao, The Kangaroo series is the most ambitious, and mysterious, yet! Our plucky …

Read more

No Man’s Sky: Expedition 7 – Leviathan is Available Now

Last month our Xbox and Game Pass community kept us all entertained as they dove headlong into the pirate high jinx of the No Man’s Sky Outlaws …

Read more

Remote Life arrives onto Xbox Systems via Smart Delivery May 27

Hi gamers, I’m the developer, Mario, and I’m extremely excited to announce that Remote Life can finally be played on Xbox One and Xbox Series X|S. The …

Read more

Rappy 1st Anniversary, Phantasy Star Online 2 New Genesis

Summary Exchange Anniversary Event Seasonal Points (earned by completing Limited-time Quests and dispatching enemies) for cosmetics and more at the Seasonal Point Exchange Shop. Run the Limited-time …

Read more

Leave a Reply

Your email address will not be published.