Evolution Studios Joins Codemasters

[Bryank75]

kowenicki said:

Bryank75 said:

Codemasters has over 500 staff and is owned by Reliance Entertainment which is a media company with large shares of among others Amblin, Big Music, Reliance Dreamworks and a number of radio and television stations. 

They are safe enough....

It is 60% owned by Reliance and 40% by a private equity firm, it actually lost £12m last year on a 50% reduction in turnover and laid some staff off after losing 3m the year.  It is as safe as its coming results and the sales of its games.  If its games continue to perform badly it will be gone.

Can't see them just closing up, they might cut a team or staff off each team but I doubt they would simply close up shop. If you ran a business and were doing badly would you just close up without trying to cut costs, whether they come from fixed or variable types such as rent or staff respectively?