Blitz Game Stuidios shuts down.
That’s right, after 23 years in business, Blitz Games Studios is shutting it’s door.
This has resulted in the loss of 175 jobs for employees of the company, although it is reported that the Oxford-based studio Rebellion is in “close talks” with the company in order to hire some of the employees affected by this change.
In addition to these talks, two of the studio’s projects are confirmed to be financially sustainable and will indeed continue on in the formation of a new company. This will allow 50 of the company’s staff members to resume working.
Phillip Oliver posted a statement on the website (via Polygon) that reads, “We have managed to weather numerous storms over the last two decades that have sadly seen the demise of many of our friends and colleagues across the industry, but the run of problems we’ve had to face over the last year is unlike any we’ve seen before. Frustrations with clients, the global economic crisis, and more than our fair share of simple bad luck have all conspired against us and we are no longer able to continue trading.
“We have done all that we can to make Blitz a success, and we have come frustratingly close in recent months. Major clients have felt unable to commit to investment in significant projects, others have changed strategy whilst appearing committed, and others have been slow to commit at all – all of these things have continued to hurt our finances. We have also sustained the business for some time with our personal savings but even those reserves have now been exhausted.”