The game industry is a highly competitive market. Sometimes not even the biggest of developers can survive. Whether it’s from decline in sales or just bad business decisions, here are 5 Game Companies That No Longer Exist.
Related Article: Top 5 Game Developers!!
At it’s height THQ was massively successful, owning more than 15 game studios and having a revenue of roughly a billion dollars. Yes that’s billion with a “b”! It seemed as though nothing could stop one of gaming’s biggest juggernauts.
Home to some truly great games like WWE Smackdown and Saints Row. THQ also had licensing agreements with Nickelodeon, Disney and Pixar to bring to life games such as Spongebob Squarepants and Rugrats.
However, due to funneling large sums of money into failed projects like uDraw. While also signing licensing deal after licensing deal. The company finally met it’s demise.
Unfortunately for THQ the kids game market dried up. While they focused on developing games for home consoles, the kids shifted towards mobile gaming, a move THQ didn’t expect or plan for.
As a result, the licensing agreements they were locked into with Disney, Pixar and Nickelodeon, combined with a decline in sales would lead the company to file for bankruptcy and close it’s doors in 2013.
Years Active: 1989 – 2013
Popular Games: WWF Smackdown, Rugrats, Cars, Spongebob Squarepants.
The game developer that bought to the world games series like Tony Hawk’s Pro Skater and Guitar Hero. Neversoft was a hit game series developer.
However, it’s partially due to this that the company would eventually fail.
After seeing declines in sales from Tony Hawks Pro Skater and saturating the market with Guitar Hero games and spin off’s, Activition would eventually close the doors on Neversoft.
That didn’t stop the game developer going down in style. Neversoft decided to celebrate it’s demise by setting fire to it’s own logo in a truly epic final farewell!
Years Active: 1994 – 2014
Popular Games: Tony Hawk’s Pro Skater, Guitar Hero
3. Irrational Games
Irrational Games were best known for their Bio-Shock game series. Although, Irrational Games didn’t go out of business for your standard reasons like money problems. It was actually more self-imposed and planned.
After the release of Bio-Shock Infinite, which itself, was an expensive project and suffered multiple delays. The company founder Ken Levine decided that he wanted to restructure the studio. This eventually lead to a reduction in staff and re-branding Irrational Games to Ghost Story Games.
Ghost Story Games now focuses on narrative games.
Company: Irrational Games
Years Active: 1997 – 2017
Popular Games: Bio-Shock Series
4. Radical Entertainment
Founded in 1991. Radical Entertainment was best known for the development of Crash Bandicoot games and Prototype.
However, due to the lack of commercial interest in the companies original IP series, Prototype 2. The indie game developer would soon reduce staff and cease development of it’s own games.
Those who would remain with Radical Entertainment would instead work solely under Activision.
Company: Radical Entertainment
Years Active: 1991 – 2012
Popular Games: The Simpsons Hit and Run, The Incredible Hulk: Ultimate Destruction, Prototype
5. Lionhead Studios
British Game developer Lionhead Studios was founded in 1996. Starting as a break away company from Bullfrog Productions, Lionhead Studios is best known for it’s popular game series Fable.
However, it was the game developers Fable Legends title that would eventually bring down the 20 year old development company. Many sources stated that the game simply cost too much money and was a title no one really wanted to make.
Ultimately in 2016 Microsoft announced Lionhead Studios would be closed down and the upcoming Fable Legends game would be cancelled.
Company: Lionhead Studios
Years Active: 1996 – 2016
Popular Games: Black & White, Fable series.
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