UK independent games development studio Blitz have announced they are to cease trading, with immediate effect. This news comes via an official statement posted on their website this morning.
The company, founded in 1990 and responsible for Epic Mickey 2 and Dead To Rights Retribution amongst others, “have been unable to secure enough funds to sustain the business in its current form”. Today’s closure will mean the loss of 175 jobs, although aproximately 50 of these employees are now expected to join a new, smaller company, formed by Blitz’ senior management.
Blitz Games Studios Co-Founder and CEO Philip Oliver issued the following comment:
“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.
“It has been an absolute honour to lead such an extraordinary group of highly talented people who have consistently pushed boundaries and created amazing games that we’ve been hugely proud of. We’ve been humbled by the loyalty and commitment that they’ve all shown over the last 23 years and we would like to express our heartfelt thanks to all of our staff, past and present, for their years of loyalty, their creative drive and their commitment to Blitz and to us.
“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.”
Personally, I would like to echo Mr Oliver’s statements, calling for prospective employers to get in touch with Blitz directly, and of course, join him in wishing the best of luck to all staff affected by today’s news.