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Poor Economy Shuts Down Devs

Editorial | December 30, 2008 11:16 am
With the recession in full swing for quite some time, and despite global economic stimulus packages, portions of the economy are still suffering. Heavily. The videogame industry, thought to be an industry on its way up the food chain, is staggering with a sudden drop in stocks. With the nervous shareholders, publishers are beginning to drop titles that have been in development for some time.

The recession has even forced several studios to close their doors. Permanently. Some devs have made massive staff cuts to attempt to keep their boat afloat. Let's run through the studios shutdown, merged, or locked up recently.

EA Black Box has recently been shutdown; a choice made by EA Executives to conserve money in the current economy. EA Black Box is currently developing Skate 2, sequel to the popular Skate. However, EA Execs have told worried consumers not to fear, as they are merging Black Box with the EA Burnaby Studio. EA Burnaby is located in British Columbia, Canada.

Aside from EA Black Box being merged with another studio, Midway cut a quarter of their staff from jobs. They were sold for a measly one hundred thousand dollars earlier this year, due to a seventy million dollar deficit. Midway Austin is shutdown completely, with may of their other studios taking hits.

Free Radical, developers of the Timesplitter series, are also in trouble: They are currently working on Time Splitters 4, with their most recent project, Haze, taking a beating this year. The studio has been in administration for several weeks, meaning the doors are locked and nobody is allowed to work. Studio Heads have said, however, that the employees are paid until the end of December. It is likely the studio will be shutting its doors sometime in the New Year.

With these studios struggling immensely, the economic issues felt elsewhere are being felt here. Expect further updates as the studios announce plans for the future and where their projects will end up.
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Re: Re: Poor Economy Shuts Down Devs

Greg

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Quote by Shockwave22:


some of these companies sucked anyway but its still sad that people are losing jobs, I wish they would drop game prices down again to help the gamers who are having a hard time with this crappy economy



Yeah drop the prices lol
Re: Poor Economy Shuts Down Devs

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yea prices should def go down.

at least back down to 50 -_- 60 for a new game is just way to much...

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oh, i just saw something i totally disagree with. your comment on midway. they dont make terrible games. tna impact is made by them, and its a truly fun game, imo anyways. ive heard some good stuff about other games made by them too. they arent totally bad. but i guess it just kidna depends on what you see in a game, but ive found their games to be pretty good :yes:

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Quote by PSORaine:



Quote by Teh PayPahBoi:


oh, i just saw something i totally disagree with. your comment on midway. they dont make terrible games. tna impact is made by them, and its a truly fun game, imo anyways. ive heard some good stuff about other games made by them too. they arent totally bad. but i guess it just kidna depends on what you see in a game, but ive found their games to be pretty good :yes:



Midway has made so many games for so many consoles you can't classify them as complete fail or complete win. Then again I don't think any developer is completely trash or totally awesome.

probably not...because like you know, every vid game company makes some good games, some bad games, and some meh games. it really kinda depends on like what people see in a game that makes it good. so...yea...it can kinda go either way, depends on how you view games tho really

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The current state of the U.S. economy will most likely bump game developers into working on sequels to High Selling' games rather than try to develop new games. Meh. Not a good sign.
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Quote by Nemesis Mask:


The current state of the U.S. economy will most likely bump game developers into working on sequels to High Selling' games rather than try to develop new games. Meh. Not a good sign.



a sequel tp avatar? and king kong? i smell waffles......;)
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