UDRAW has basically killed them. Along with games like Darksiders 2 which sold like cancer in a box but cost a fortune to make and market. Saints row games were always good fun but sales compared to the GTA series were poor.
If the studios and talent can be saved and projects like Metro and South Park survive then at least something good came from all this, anybody in management out of a job i laugh and spit on, this company highlights the huge gulf between people in charge and the games industry trends and markets, i loathe incompetence especially when it puts peoples jobs at risk, a 6 year old could have spotted the mistakes made by directors......Directors who at some point will still get a golden handshake.
Im almost 100% sure EA will go after the WWE franchise, its still a consistent seller in America and Europe and they have the motion capture studios and sports release yearly titles experience.
With so many developers going to the wall it shows that the recession and gap between console generations plus p**s poor decisions from a lot of people who should have known better has left the industry in very poor condition. I dont see 2013 getting any better at all, the WII U sales have now dropped off its already discounted on most websites, play.com sell the 8gb model for 224.99 as of tonight, the Vita hasnt gotten started, the 3DS is doing nicely i guess but wii is dead and 360/ps3 sales have stalled. Theres definately a serious lull going on, you can feel it talking to suppliers and people in games shops let alone forums and game websites.
With each passing year less and less REAL games get released (forget IOS shovelware) its almost like the film industry in that you may only get 3 biggish releases a month and that even goes for peak months and the rate of discounting so quickly after launch is alarming to say the least.
Tough times for everyone really, best wishes to the staff involved. Bad news at xmas always feels about 1,000 times worse for some reason.