Posts Tagged ‘Credit Crunch’
Editorial
Record-breaking Fail – Troubled APB Shuts Down
In what is clearly a record for an already over-saturated market, All Points Bulletin, the hybrid MMO/shooter from the beleaguered Realtime Worlds, has closed down after less than three short months in the wild. The internet al...
Industry News
Smile = Wiped: GRIN closes
Following the closure of their satellite studios earlier in the month and various rumours regarding their status, Bo & Ulf Andersson (aka. The Brothers GRIN) have announced that the doors at the Swedish studio are closed fo...
Industry News
Is the end nigh for Deadline Games?
Deadline Games, purveyor of the fun Total Overdose, the disappointingly average Watchmen: The End is Nigh and the stillborn Faith and a .45, have supposedly filed for bankruptcy. The news comes on the eve of much speculation ab...
Industry News
Wii Wises (in price) – UK Economy = Sad Face
Gameindustry.biz carries the unfortunate news that Nintendo are too raise the trade price for the Wii in the UK to the order of £18-20 (from its current RRP of £179.99), despite the console making a profit from day one and sell...
Industry News
Independent Creativity – ‘Creative Downturn’ Editorial
GameIndustry.biz has a very interesting editorial article on how the dire economic situation™ might stifle creativity in the industry following the risk associated with commercial failure of products based on newly developed IP...
Industry News
Crytek purchases corpse of Free Radical **UPDATED**
Despite everyone’s misgivings and apathy towards Haze, I don’t think anyone was happy to see Free Radical go to the wall. The company was one of the first victims of the economic downturn and has been operating in a...
Industry News
Employment Crisis – Financial Situation squeezes games companies. *UPDATED*
Earlier in the month, we reported that Crystal Dynamics were downsized and in December, Free Radical & Factor 5 disappeared, amongst others. Since then, there have been significant rumours of layoffs at larger companies in...
Industry News
Underworld Underperforms – **UPDATED**
You know there’s something not quite right with an industry when a product can sell (not just ship, mind you) 1.5 million individual copies across 6 major platforms and it’s performance is deemed ‘unsatisfacto...
Industry News
Zavvi console sale – update
Destructoid is reporting that Virgin Megastores Zavvi is now pumping out Xbox 360 Arcade SKUs in its retail outlets for a Sainsbury’s equalling £99. The more attractive/feature-complete Premium SKUs are going for £149 &a...
Industry News
Free Radical closing
Gotta love recessions… There’s been no official word yet, but it seems the economic downturn has hit another developer. Free Radical, developers of the Timesplitters series, the brilliant Second Sight and the (unfo...
