OXCGN writer Alex Baldwin looks at a decade of lost studios. Coming from a developers background, it's easy to understand his hesitation around such things, especially in todays economic climate.

Check the article out, many known and not so know studios get a mention.

Game studios have it hard at the moment. With the global recession starting to hit the industry, if your studio isn’t working on a proven franchise there’s no guarantee your game will ever see the light of day. Hell, there’s no guarantee your studio will survive the development cycle and may just sink into bankruptcy oblivion.

Here’s a look at some of the most loved studios that went bust this decade after the jump.

Ion Storm

Who doesn’t know Ion Storm? They are developers of what’s widely considered one of the greatest games of all time, Deus Ex, as well as its follow-up Invisible War. Ion Storm was founded way back in 1996 by John Romero of Doom fame, with several other notable developers like Warren Spector who joined in 1997.

It was very much like a dream team - taking some of the best people in the industry and getting them all together under the one roof. We all know that this paid off with Deus Ex, but there was also the very public mishap of Daikatana.

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