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Here is something I found interesting--

"The survey finds that seven out of 10 publishers prefer a business model that financially involves the developer – meaning that a game’s development expense is either fully financed by the developer or is only partially funded by the publisher, with revenue-sharing as an ongoing business model." http://www.gamasutra.com/view/pressreleases/188883/Game_Connection_Reveals_Results_of_Inaugural_PublisherSurvey.php

That makes me wonder if we're going to see less studio buy-outs offered, with less publishers trying to be the next Activision or EA. I think it's likely we're going to see more "partnerships", like with Activision and Bungie. I think that's a good thing, though it's likely to continue the trend of studios closing after busts only to "reform" later with a new name. Venture investing might be the next big part of gaming.