wraggster
December 3rd, 2012, 22:11
Those 'not capitalised for transition' won't make the cut says Take2 CEO
Take2 CEO Strauss Zelnick has prophesied doom for companies unprepared for the transition to next generation consoles.
Speaking at the Credit Suisse 2012 Technology Conference, Zelnick says it's reasonable to expect a few third party publishers to close their doors as costs rise.
"If you're not capitalised for the transition, you can find out that you're not there for the transition," said Zelnick as reported byGamespot (http://uk.gamespot.com/news/take-two-console-transition-will-leave-casualties-6400693).
"And historically, in every transition that's occurred in this business, one or two third-parties have gone out of business. Last time around it was Midway and a couple of others.
Zelnick isn't naming names, but he hints strongly at his earlier remarks that THQ wouldn't "be around in six months." (http://www.develop-online.net/news/40439/Strauss-Zelnick-THQ-wont-be-around-in-six-months)
http://www.develop-online.net/news/42670/Zelnick-expects-console-transition-means-closures
Take2 CEO Strauss Zelnick has prophesied doom for companies unprepared for the transition to next generation consoles.
Speaking at the Credit Suisse 2012 Technology Conference, Zelnick says it's reasonable to expect a few third party publishers to close their doors as costs rise.
"If you're not capitalised for the transition, you can find out that you're not there for the transition," said Zelnick as reported byGamespot (http://uk.gamespot.com/news/take-two-console-transition-will-leave-casualties-6400693).
"And historically, in every transition that's occurred in this business, one or two third-parties have gone out of business. Last time around it was Midway and a couple of others.
Zelnick isn't naming names, but he hints strongly at his earlier remarks that THQ wouldn't "be around in six months." (http://www.develop-online.net/news/40439/Strauss-Zelnick-THQ-wont-be-around-in-six-months)
http://www.develop-online.net/news/42670/Zelnick-expects-console-transition-means-closures