We’ve just heard the sad news that Leamington Spa based Blitz Studios is closing down. The company, run by Philip and Andrew Oliver (The Oliver Twins) has failed to secure additionally investment and therefore taken the decision to cease trading. They have said that two of its current projects are self-sustaining financially, so Blitz senior management will form a new company to “service these clients”. As a result, 50 of the 175 jobs lost today are safeguarded.
Blitz Games Studios co-founder and CEO Philip Oliver issued the following comment:
“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.
It has been an absolute honour to lead such an extraordinary group of highly talented people who have consistently pushed boundaries and created amazing games that we’ve been hugely proud of. We’ve been humbled by the loyalty and commitment that they’ve all shown over the last 23 years and we would like to express our heartfelt thanks to all of our staff, past and present, for their years of loyalty, their creative drive and their commitment to Blitz and to us.
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.
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.”