Since the beginning of the economic recession we have seen the closure or otherwise refocusing of many video game developers and production houses. Unfortunately it seems as if Marvelous Entertainment, a fan favorite for quirky new games, has had a bad year, or bad few years more specifically. In the last few months we have seen MMV do some restructuring such as selling assets, layoffs, and even taking pay cuts to keep the sinking ship afloat; sadly those seem to have been fruitless, as they announced the stoppage of any new I.P. development.
Siliconera had the scoop:
“In light of the performance of Little King’s Story, which was MMV’s last notable new property, developed in collaboration with the now-bankrupt Cing Inc., Marvelous are concerned that they could potentially meet the same fate as their former partner if they don’t take steps to ensure their survival. Part of this involves focusing on the development of online and browser-based games. MMV have already taken the first steps toward this goal with the Twitter-based Followars for iPad and Little King’s Story for mobile phones.”
Hopefully they can get back on their feet, and continue to bring us great games, because the cemetery for dead videogame companies is far too full for another casualty. The article further states that they plan to support the PSP more, as they have had the most success on that platform than just about any other this generation.