Twitch continues to mishandle bigotry, and NFTs and bitcoins continue to havens for fraud. That, and a legendary developer passes away.
The news this week includes:
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This episode is chock full of obscure games. Did you ever hear of the MMO Ever, Jane? No? Well, this week’s Gaming Podcast features Roogoo, a game that was delisted from Xbox Live Arcade a year after it was released and is available on Steam for 99 cents.
The news includes:
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The new mic used for the episode has improved the audio by a factor of 1,000. In fact, Episode 625’s audio is so bad, it’ll take a lot of effort to make it even bearable, so it won’t be published for a while.
In the meantime, the new Amazon MMO New World has made a giant splash, but is it worth dipping your toes in, especially since it costs $40 to buy? Meanwhile, the frustrations T.J. has as a PlayStation 5 owner come to the fore.
This week’s news includes:
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Gamers around the world are going to feel the pain in the 2009 holiday season after the economy shakes apart many great development studios. Electronic Arts feels the pain of being a public company as their investors complain about lackluster revenue, THQ deals with closing studios to extend their runway and other firms will lose more headcount in the coming months.
It’s not all bad. But, it’s going to get ugly before it gets better.
The financial market has played tricks on everyone in our global economy and companies across all industries are going to feel a bit of a tightening around the belt. Investors are shaken and doing their best to protect their investments and cutting loose those that aren’t projecting profits in the near future. Game studios are going to slow their financial burn rates, trim a bit of the fat and hunker down the long term. The end result, next years holiday season will have a few less games because those games are being dropped to the floor now.
Mid-sized studios within larger firms may find their projects canceled or put on hold and their employees re-structured or let go while big studios assess what projects will make the long haul. This is the ugly side of the business, having to make a decision on what games stay and what games go with the grief of having to tell some of your best talent “goodbye.”
The bad part of the industry is occurring today, with publishers posting mediocre profits and trying to convince their investors to be patient and trust they’ve got a firm hold on their destiny. The game industry is not alone in this, many firms are reducing head count and many startups are finding themselves without series A or B funding; they’re closing their doors because the money is being directed to more stable ventures.
What’s the good in all of this?
