State of the Industry – Q3 2008
Posted On Friday, November 14th, 2008 By Jay
Over the past quarter there have been many news stories about studio closings.
Flagship Studios, developer of Hellgate:London and the acclaimed Mythos was recently closed over a year long fight. Emsemble Studios, developer of the critically accalimed Age of Empire series, was closed by Microsoft, with a new studio to form. THQ is also closing 5+ studios in the past quarter, due to fiscal reasons. And there are plenty more.
With all these closings, its a wonder that video game sales are up and projections look great! Ultimately, we’re asking the question; What does this mean?
What does it mean when a studio is closed? What products were they working on? Who was formally employed? Was it a necessary closing?
As the economy continues to correct due to global market corrections, it was only a matter of time before the video game industry felt a little pinch. And that’s what’s happening. We’re feeling a little pinch.
You see for the longest time many studios were putting out crap, and many studios continue to do so. Here’s a list of really questionable titles, released in the past 6 months. None of that list are over a metacritic score of 50. Here’s a number that many game Continue Reading
