Yes, I knew it. And I think they deserve it :(

It's been in development for about 4 years and was restarted from twice. We also don't know the size of the team working on it and the type of resources his game needed in particular. 100M is probably a stretch but I can believe it was a pretty high number.

I won't, guess they got what they deserve. Besides they are plotting something, I can see it in their eyes!

That's what i think too. If they had rebooted it three times it's certainly possible they could have hit that 75 million mark he mentioned. Still, as depressing as it is to hear they wasted all that money, it's good news to know that things aren't completely falling apart like some thought. SSM's simultaneous expansion and layoffs suddenly make a lot more sense, assuming this is all true.

I never bought into all the doom talk myself. If there's one thing I've learned on VGChartz, it's that objects are always less doomed than they appear. ;)

Jeez ... 100 million dollars on a game so crap it couldn't even be released? This industry is going to eventually become like the movie studio system where you're left with only 5-6 major studios.

To be honest, I don't even think anyone outside of Sony knows if Team ICO even still exists. That team could have been canned after the restructuring of Japan Studio and they just have other people working on The Last Guardian with the former head of the team providing oversight as he claimed. You produced two awesome games that didn't sell that many copies back on the PlayStation 2 and then you miss an entire generation and a lengthy one at that? As far as I'd be concerned your time is up. Though I am really curious to hear the reactions from certain people a year from now when all of this doesn't end up making a damn bit of difference. I smell a lot of desperation.

This just screams control after the recent layoffs. Plus its from dualshockers who are not the best source for unbiased Sony news lol.

I have been on a game project reset 3 times (far far from 100 millions $, but still). I came to the project for the 3rd reset as a developer (some kind of "Obiwan, your are our only hope... and you have 1 month" mode). What happens is that you don't have so much people inside with experience enough to manage a project. That makes sense, because  you size your employees and skills for what you actually do. Also  the director has an excellent reputation of success, so it's hard to give the project to someone with less experience/reputation, and hard to think than with a demotivated team a new challenger will help. Because you lost so many money, you have even lesser time and money than the previous attempt... Then you face reality, close the project and give the the guy a lesser good position. Even Obiwan could not save it. Shit happen ;)

In short, in business term, you do with what you have, even if what you have already failed, because you don't have better to achieve the target.

Exactly ....if he's an insider why he didn't predict or say anything about the hundreds that was going to lose their jobs or the CEO leaving or the other numerous execs leaving also this is from a pro Sony website it's well known that dual shockers is bias playstation if you read their articles it always spin stories for Sony if you don't believe look on n4g and see how many favorable articles they write for playstation and always dogging Microsoft or nintendo ..they were the same ones saying japan didn't have any playstation stock which is why sales are low the first few weeks also that Sony is not in financial trouble etc ...if you think I'm lying check it yourself  also they always write favorable Sony playstation stories or spin the story so it favors a good outcome or explanation for Sony just like this article  ..if you don't believe watch the next article about anything positive written or favorable for Sony it's gonna be written by dual shockers ....stop entertaining rumors and so called insiders and state actual facts dual shockers it's never hardly any statement from companies always insiders or a rumor ....