Yes, this is in relation to the closing of Tango Gameworks and Arcane Austin. Is there some immediate monetary benefit behind it that I have no idea about? Is it so they can keep the IPs and not have to deal with the developers? Are the Studios too expensive for anyone to buy? I honestly don’t understand how these executives play Capitalism.
Buying a competing business and then shutting it down is what all big tech companies do. They don’t actually want to run that business, but they also don’t want anyone else to run it.
I assume they want to keep the IP. Without any IP, a game studio (I think, could be wrong) aren’t worth anything to another publisher except as a really good, strong studio with a successful history. The studio would need to start from scratch, effectively, to develop new IP or acquire someone else’s IP.
Publishers could keep studios running, which is expensive. They seem to have communication issues ie HiFi Rush being a small, successful game by a studio they shut down and then going on to say thats the type of studio/game they want to focus on? Or having financial issues/less focus on games/no faith on new developments and instead just closing it all down to save money
This is just my layman interpretation of the situation
What’s stopping the employees from the shut down studio from simply making a new studio and continue making good games? They would have to come to with a new IP but it’s still a strong position.
The benefit: you no longer have to pay staff or rent for that studio. Take the IP’s, what else of value is there really? The rest is just a burden.
Most of them are not bought to ensure their future or as an investment. They are bought to take the IP and eliminate a competitor or threat.
It’s sad, but that’s the problem with big companies with huge wallets. They’ll push people out of a job and won’t loose any sleep over it either.
At least that is what I think.
Who would want to buy them? The only value a studio has without it’s IP is the devs, and you don’t need to buy the studio to acquire them.
might be tax write-offs, like what’s going on in hollywood right now.
