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It does work, just not for the majority.
You’re right. One could argue though that it’s an unstable form of working. Running both the workforce and the planet into the dirt in the name of profit sounds an awful lot like a long term L to me… not that they care about beyond their lifespans
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Is their whole company an IP play or something? They have been gobbling up so many studios just to close and layoff what is the point!?
Could it be rights? I don’t know a ton about the video game industry, But buying up these other companies give them rights to anything they’ve produced in the past.