Activision chief Bobby Kotick has been seeking to talk up the fortunes of game publishers, as stock prices continue to tumble.
New York Times carries a feature on the crumbling share prices of leading U.S game companies. The paper points out that, since May 1, the big four - EA, Activision, THQ and Take Two - have lost a collective $6 billion in market capitalization. This amounts to a 25 percent drop compared to declines of eight percent for the Nasdaq.
Bobby Kotick said, "More people are playing games than ever before. People who were in their teens in the 80s are now playing games with their kids. When I look at the next 10 years as compared to the past 10 years, I just see better prospects."
The new unit comprises over 500 developers representing the entire World of Warcraft development team.
I used to be anti-union, it kills productivity, investment and turns product mediocre. Their games suck anyways though so what was lost? Might as well get their people paid until they are dissolved.
Modders have cooked up something pretty special – a Wii console which is small enough to fit on your keys. A wee Wii.
Another studio has held layoffs, this time its Humble Games letting go of its entire QA team according to social media posts.
They will rehire cheaper labor during the restructuring. The stupid thing is that they are struggling and the first thing they do is lower the quality.
awesome!