Xbox president: Studio closures will ensure 'business is healthy for the long term'
Xbox president: Studio closures will ensure 'business is healthy for the long term'
'We look at a whole variety of factors when we're faced with making decisions and trade-offs like that.'
What's healthy for the business long term isn't healthy for the customer. Remember that.
Nor the employees, only the capitalist benefits
I really hope these developers create new independent studios and if they ever get offered a big bag of money, they will remember what happened last time. Maybe they will be smart enough to create worker owned studios and not waste huge salaries on useless CEOs.
I won't bet on that, neither for nor against.
Look at the guy that created Minecraft. He was passionate about his work, had a company that was doing great and with prospect of future growth.
One thousand millions later and the guy checks out a boat load of money and sell off the company: he already had his.
They want to ensure their business is working well, so they shutdown the parts that were working well, and left those that are failing miserably. Logic checks out
She mispelled "investors will be happy next earning call"
Well, it literally says "business will be healthy" so yes that's what that means
You see, our stock price goes up when we buy other companies and it goes up when we fire people. We're doing both at the same time, so our stock price will go up double. This is a sustainable business model and not at all a very dead canary in a very deadly coal mine.
'"You know, we're a platform where you can play Grand Theft Auto but you can also play Palworld. Where you can play Call of Duty and can also play Pentiment. That doesn't change," she said.' - yeah but now I can't play HiFi Rush 2 :(
Funny how they praise success these studios achieved before suddenly slamming the door shut and firing those people, but 343 has literally been fucking the corpse of Halo for 12 years now and you still funnel then millions of dollars to keep ruining everything.
You know what would be even better for the long term? A large variety of games with less bullshit. Suck it, Microsoft.
If you didn’t buy up studios and then close them in a year, I think that would be even better for the business side of things. You know, the fact the business didn’t get arbitrarily shut down by the big corporation and all that.
But that’s just me.
Microsoft doesn't need those studios, just the IPs.
They could sell the studio without the IPs, bring in some revenue, but it's worth more to kill the studio than let it exist to compete.
I'm sure the studio employees feel the same way
Yes, the modern mindset. Murder the product, preserve the manager's paygap.
Who's taking bets on when they'll buy the next studio?
After the fight they had to put up for Activision, it will likely be a while.
We got one for not in a while.
Who's got anything sooner in mind?Activision wasn't just a studio, it was a huge publisher with several studios, that's why they needed approval from competition regulators. I doubt they will stop buying studios over this in the short-term.
Can’t have a healthy business without insane overcompensation of the c-suite and friends
Yeah this is bullshit. They wanted the IP's and nothing more. Situations like this remind me of something that Marty O'Donnell said when that Bungie/Activision lawsuit happened. He said something along the lines of they have to own their IP's because it's the one thing a studio has that's holds value.
Fuck your business