Blitz Games Studios closing its doors
Blitz Games Studios has been in the industry for over twenty years. But sadly, the company announced today that the studio will be closing its doors.
CEO Philip Oliver said:
“Frustrations with clients, the global economic crisis, and more than our fair share of simple bad luck” has led to Blitz going out of business. 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.”
Blitz Games Studios was established in 1990. While it was mainly known for its work on TV and movie-based titles, Blitz did recently work on Epic Mickey 2: The Power of Two.
175 staffers have been let go as a result of today’s news. However, roughly 50 employees intend to create a new studio and continue working on two of Blitz’s current projects.
