Activision has confirmed in a statement to Shacknews that it is in the process of re-evaluating its investment in Bizarre Creations. Earlier web reports strongly suggested that the Liverpool-based developer behind the Project Gotham, Blur, and James Bond 007: Blood Stone games was in serious danger of being made redundant, with over 200 employees being given the mandatory 90-day notice of the studio being shuttered. Activision did not outright state it will be selling off Bizarre Creations, but it remains heavily implied:
Over the past three years since our purchase of Bizarre Creations, the fundamentals of the racing genre have changed significantly. Although we made a substantial investment in creating a new IP, Blur, it did not find a commercial audience. Bizarre is a very talented team of developers, however, because of the broader economic factors impacting the market, we are exploring our options regarding the future of the studio, including a potential sale of the business.
Bizarre may not be the only developer owned by Activision with its future in the air. Another report from PC Gamer reveals that Iowa-based Budcat Creations, the studio behind the Wii and PS2 ports of Guitar Hero games, is also on track to being shut down. Staffers apparently discovered the fact earlier this morning after being informed by consultants, who were only "too cheerful" over the whole development.