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Foundation 9 Entertainment cuts costs and staff in game studios

Foundation 9 Entertainment is the latest game company to cut back on its development efforts as a result of a slowdown in the core video game business, VentureBeat has learned.

The Irvine, Calif.-based game development company is one of the biggest pure developers, with a collection of game studios making work-for-hire games for the Nintendo DS, consoles, and a variety of other platforms. Hence, its own rocky road is one more example of tough times in the hardcore game industry, where sales in June fell 31 percent compared to a year ago.

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