Veteran UK developer Blitz Games Studios has announced that it is ceasing trading after 23 years in the business.
The company, which houses a number of teams including Blitz Games and Volatile Games, was founded in 1980 by Andrew and Philip Oliver. The closure has resulted in 175 jobs being lost. However, Oxford-based studio Rebellion is in talks with Blitz to hire some of the affected workers. Additionally, two of the studio’s current projects are financially sustainable so around 50 current staff members will be rehired following the formation of a new company.
“We have managed to weather numerous storms over the last two decades that have sadly seen the demise of many of our friends and colleagues across the industry, but the run of problems we’ve had to face over the last year is unlike any we’ve seen before. Frustrations with clients, the global economic crisis, and more than our fair share of simple bad luck have all conspired against us and we are no longer able to continue trading,” reads the statement.
“We have done all that we can to make Blitz a success, and we have come frustratingly close in recent months. Major clients have felt unable to commit to investment in significant projects, others have changed strategy whilst appearing committed, and others have been slow to commit at all – all of these things have continued to hurt our finances. We have also sustained the business for some time with our personal savings but even those reserves have now been exhausted.”