Isn't it more like "this is what happens when you only have one egg"?
Sony have said their gaming division won't be affected by the corporate-wide downsizing. Which doesn't mean much, seeing as Free Radical were telling us everything was fine and lovely there, but at least the official word from Sony is no impact on the games division!
Its really sad, first EA announced a cut of 540 emplayees, then SOny announced cuts in manpower now Free Radical shuts down ! I hope the golden days of gaming are still coming.....
A COMPUTER games company which employs 185 people has gone in to administration.
Staff at Free Radical Design, which is based in Bostocks Lane, Sandiacre, turned up to work this morning to find the locks had been changed.
A note stuck on the door told them to attend a meeting at the nearby Novotel at midday.
Cameron Gunn, of Resolve Partners, the administrators that have been called in to deal with the firm, said: "The company was placed in to administration yesterday afternoon.
"We will be spending the next three or four days assessing the financial position of the company but it's business as usual, although we have asked that almost all of the employees apart from a skeleton crew remain at home."
Indeed. This is nothing new. Fact is any company that fails to create the products the market wants will eventually go under if they never turn things around.I think people forget that there are dev houses that go under every generation. Talented people start firm... some do well and most of these get acquired. Yet other sink.
Rare being a perfect example of that. It's still a bit sad that even though they had two big titles in production - Battlefront and TS4 - they still couldn't find a publisher. And was all this down to Haze?
UPDATE: GamesIndustry.biz understands that 40 people are still working in the Free Radical offices, mainly on game concepts, and should be there into the New Year - but that no specific publisher deal is in effect.
Doak reportedly "officially" left the company early this month, and Ellis has set up another company called Pumpkin Beach, which already has a placeholder website registered under his name. The two are reportedly working on this project together and will "hand pick" Free Radical staff to join them.
The source also said that despite the looming
closure, the company still held a big Christmas party last week and gave staff a week's pay as a Christmas bonus.
Attempts to contact Free Radical have been unsuccessful.
After the meeting
Later on Thursday, our source updated us with more inside information from the Free Radical staff meeting that took place at a hotel near the studio. Apparently, Free Radical knew the urgency of its situation six months ago.
Co-founder Ellis was "visibly upset" when he talked to the staff, the source said. "[He] told staff how very sorry he was and they'd been doing all they could, working flat-out to either find a publisher or a buyer over the past six months, but no offers were made. There have been several visits to the States, but to no avail."
About 20 staff members were offered positions with Ellis' new venture, Pumpkin Beach, while the rest of the employees were told in a separate room that they would be laid off.
Not sure if it's worth its own thread, but apparently Factor 5 is dead too.
Somehow I'm not surprised about this news. A couple of years back I was looking at free radical (among others) for job openings - I was told by a friend in the UK to avoid them, because their staff turn over rate was high - especially for programmers (for example, they apparently [strike]do[/strike] did all their coding in VIM).*
And it strikes me that 185 staff is an awful lot for their track record and known projects (considering id have 65, epic ~100, etc). Their burn rate must have been enormous; to go 3+ years with only Haze brining in money in this climate, it's no surprise things have turned out badly...
*this is what I was told at least...