[PC, PS3, X360] Eurocom suffers losses, blames "decline in demand for console games"

[PC, PS3, X360] Eurocom suffers losses, blames "decline in demand for console games"
007: Legends wasn't exactly a memorable game, suffering a number of shortcomings and continued the less-than-impressive run of James Bond since the Nintendo 64 classic.
Eurocom has posted a statement from the studio's director, Hugh Binns, where it is revealed that only 50 staff members will be left at the studio with their focus shifting towards mobile games in the future.

“Eurocom are undertaking a restructuring which I regret to say has meant we’ve made the majority of our workforce redundant today.”

“This includes many very experienced, talented and highly skilled employees, and we’d like to thank them all for your hard work and efforts.”

“We’ve fought to try and save as many jobs as possible, but the steep decline in demand for console games, culminating in a number of console projects falling through in the last week, left us with no option. Eurocom has retained a core staff of just under 50 employees and will be focusing mainly on mobile opportunities moving forward.”

Its a shame that such a loss has happened and our thoughts are with those who were part of the redundancies.

Thanks for the heads up, VG247

Written by: Kyran Morrison

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RE: [PC, PS3, X360] Eurocom suffers losses, blames "decline in demand for console games"
TBPH They haven't really released anything of note outside 007 games in the last 10 years. the 90s where kind for such software houses current days most people aren't interested unless its main colours are brown and gray and it has a guy with a gun on the cover

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Gamasutra and NPD on 2010's game retail decline

by JC Fletcher on Jan 17th 2011 11:00PM

The NPD reported last week that retail video game sales were down. Gamasutra's analysis of 2010's NPD numbers offers a bit more context to this claim, in handy chart form (above). Total revenue rose pretty steadily between 2005 and 2008, and then started slipping downward.

Even accounting for digital distribution, according to the NPD, the industry's revenues still don't show growth. "The NPD Group estimates that total consumer spending on games in 2010 was essentially flat from 2009," the Gama article notes, "even when extra-retail sources like digital distribution and social games are considered." Should revenue shrink this year, it will "probably be the longest such contraction in the last 20 years of the video game market."

One area that didn't contract, of course, was the Xbox 360, which experienced its best month ever in December. In 2010, the Xbox 360 made great strides toward catching up with the Wii, "falling short by only 305,000 units."

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