A new analysis of over 300 game studios acquired in the last 25 years reveals a troubling trend of decline and closure. Approximately 61% of these studios experienced reduced game sales, lower review scores, or outright shutdowns after being bought by larger companies. This pattern has intensified recently, with a significant surge in closures since 2023. The identity of the acquiring company appears to be the most critical factor in a studio's post-acquisition fate. While some publishers like Activision Blizzard and Disney have a history of negative outcomes, others such as Nintendo and Sumo Group have maintained a strong track record of success.
https://www.techspot.com/news/114450-third-acquired-game-studios-have-shut-down-since.html